Stanford University researchers launched the "reversible trading" standards ERC-20R and ERC-721R

According to BlockBeats, September 25, Stanford University researcher Kaili. eth published today that he has collaborated with several other researchers to design two new Ethereum token standards, ERC-20R and ERC-721R. Kaili. eth explained that the ERC-20R and ERC-721R were designed to address the epidemic of theft in the cryptocurrency industry, with the highlight being "reversible transactions." Specifically, ERC-20R and ERC-721R introduce a "decentralized court" mechanism, where victims can first apply for the asset freeze in case of theft. At this time, the decentralized court "can approve or reject the frozen asset through a quick round of voting. The "tribunal" would then decide whether to unfreeze or return the assets, based on evidence from both parties involved, to resolve the security dispute.