1337 Alliance

ERC-1337
Ethereum Subscription Standard

A standardized interface for recurring subscriptions on the blockchain.

Monthly Subscriptions

The key monetization channel for legacy web, and arguably they are most healthy monetization channel for businesses on the legacy web (especially when compared to ad/surveillance) based models. They are arguably more healthy than a token based economic system (depending upon the vesting model of the ICO) because...

User

  • No need to read a complex whitepaper to use dapps utility (as opposed to utility tokens)
  • Skip understanding the founder's vesting schedules
  • Cancel at anytime

DAPP Owner

  • Receive consistent cash flow since you know your subscriber numbers, churn numbers, conversion rate,
  • Focus on making your customers happy (as opposed to having two actors: speculators and users)

Motivation

We suggest the reason for this standard is interoperability - we want wallets to understand that you’re about to sign a recurring payment contract so that they can present you with a UI that summarises the agreement you’re about to enter into. As your wallet now knows you’ve entered into a subscription contract it can also provide appropriate UI for managing and cancelling your subscriptions in future.

We also believe that creating momentum for Saas models in the Ethereum space is critical, and believe that the standard is a trojan horse for doing so.

Developers

Kevin Owocki

Andrew Redden

Nathan Creswell

Scott Burke

Austin Griffith

Kevin Seagraves

Kerman Kohli

John Griffin

Luka Kacil

Štefan Šimec

Aaron Diamond-Reivich

Joseph Pollack

Projects

News

1337 Will be At Status Hackathon EthMagicians

"Working Group Members of EIP 1337, the Subscription Standard for Ethereum Will be At Status Hackathon EthMagicians"

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WIP EIP Posted!

"The WIP EIP for this project has been posted!"

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