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Update EIP-1753: Move to draft #5872

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Update EIP-1753: Move to draft #5872

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Update eip-1753.md
bitcoinbrisbane Nov 3, 2022
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Update EIPS/eip-1753.md
bitcoinbrisbane Nov 19, 2022
8351eb5
chore: update contract code. Change EIP status
bitcoinbrisbane Nov 29, 2022
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Move to Draft, not Review
Pandapip1 Dec 4, 2022
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2 changes: 1 addition & 1 deletion EIPS/eip-1753.md
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Expand Up @@ -10,7 +10,7 @@ created: 2019-02-06

## Abstract

This Ethereum Improvement Proposal (EIP) proposes an Ethereum standard for the issuance of licences, permits and grants (Licences).
This Ethereum Improvement Proposal (EIP) proposes an Ethereum standard for the issuance of licences, permits and grants (Licences) as a Non Transferable Token (NTT).

A Licence is a limited and temporary authority, granted to a natural (e.g. you) or legal person (e.g. a corporation), to do something that would otherwise be unlawful pursuant to a legal framework. A public Licence is granted by the government, directly (e.g. by the New South Wales Department of Primary Industries, Australia) or indirectly (e.g. by an agent operating under the government’s authority), and derives its authority from legislation, though this is often practically achieved via delegated legislation such as regulations. This can be contrasted to a private licence – for example, the licence you grant to a visitor who comes onto your property.

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