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Standardization in license documentation is important because, in addition to making it easy for humans to find this vital information, it allows machines to automate the process of license type determination, which is useful both for discovering suitable open source projects as well as checking open source license compliance.
Previously, the open source license of this project was not documented in a dedicated license file. Due to this, even though the project is licensed under a standardized open source license, the open license type could not be identified with 100% confidence by machines (e.g., the Licensee Gem which is used by the GitHub website), which meant identification could only be made by a human carefully evaluating the license text.
A standardized license file is hereby added to the project. The result is that the project's open source license type can now be automatically identified. This does not result in any change to the project licensing.