I had the opportunity to publish a piece in the Crypto AM publication where the audience of City A.M. (of which Crypto AM is part of) is sophisticated/high net worth/qualified City of London workers with 315,000 daily readers in print.
As the Crypto winter maintains its steady grip on token prices and the ICO craze of 2017 has all but subsided, for now at least, many are wondering what to make of all these tokens that now float around in cyber space? In this article we look at the emergence of all these tokens in this tokenized economy, if the concept is really new and what’s installed in the next few years.
Blockchain technology has enabled a large wave of enormous innovation with respect to the creation of these so called “utility tokens”, which are essentially promises that they can be redeemed at some point in the future for a product or a service.
With over 1,600 tokens and counting, they all have created their own miniature economies battling for investors, developers and users and of course promised the masses that their Blockchain platform or application is the one that will solve the most relevant problems in today’s society. Problems such as self-sovereign identity, monetization of personal data, or even the provenance of ethically sourced “insert product of choice here”.
The entire article can be view at:
- Tokenization: It isn’t new but it is the future