The ERC-948 Ethereum token standard facilitates subscription-based transactions for the customers. The easy adaptability of ERC-948 tokens makes it easier for developers to construct platforms working on the current economic model.

Not to mention, users also get the ability to opt out of the subscription, where a smart contract would write off the token withdrawal from the user. The ERC-948 token standard can open a whole new world of possibilities for subscription-based systems. Standardizing a token for such subscription-based businesses can draw enterprises to blockchain technology.