The ERC-884 protocol is used to create tradeable ERC-20 tokens. The ERC-884 token standard is designed for transactions of equity where the proprietor of the token is whitelisted by deploying a smart contract.
Using the ERC-884 protocol, institutes in the US state of Delaware can manage their share registrations while making the best use of blockchain technology. The ERC-884 token acts as a derived share for any corporate in the states of Delaware.
Since ERC-884 offers ERC-20 token compatibility, it can be easily exchanged on any crypto exchange that supports the ERC-20 tokens. This way, firms can avoid using the traditional mechanism for the distribution of tokens.