An open source crypto database called Messari, which is based upon the U. S. Securities and Exchange Commission (SEC) EDGAR database, is set to launch a disclosure registry to projects that issue tokens in an effort to publicly share information that could be harder for people to find otherwise. The announcement was made today at Consensus: Invest.

The registry is set to have a lot of information like the token design, supply details and any audits that were made of the technology so far. It will also list the official communication channels of the company and details from the people who worked at the project.

Ryan Selkis, the founder of Messari, has explained during the announcement that this new platform is set to help investors and was created to standardize and automate this information. This way, both the investors and the casual observers could have more access to it. According to Selkis, the company is trying to make key information about many crypto assets available for anyone who needs.

The most important thing, he says, is to usher in an era in which there will be less asymmetry of information in the market. They want to protect consumers as cryptos sometimes do not offer the options for them.

At the launch, many crypto startup companies like Aion, Blockstack, Civic, Decent, District0x, IDEX, Mainframe, Melonport, Metronome, Ocean Protocol, Tierion and Zilliqa will appear on the registry and there is a total of another 20 companies that will be added later, according to him.

Initially, the Messari team will be walking projects via their applications but they aim for the decentralization of the platform at the end of some time. This is because they like the concept of decentralization and they want to automate this process.

After the decentralization process is done, the community will be able to vote in determined projects to see if they should be added to the registry or not. Anyone could apply and the community will be the one to do it.

The data will be free for all and an API will be launched for companies which can be interested in using this information in their own products.

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