I’m generally bullish on a tokenized future: a fairer, more equitable world with lower barrier to entry and capital requirements for individuals or businesses.
Through capturing value in tokenized assets, we can re-create all the sophistication of the existing financial and operational world we live in, with far less operational costs and complexities. When combining tokenization with reasonably complex business logic enabled by smart contracts, we can represent complex business interactions faithfully and more efficiently.
There will be interoperability, through standardization.
ERC 20 for token standards, as an example
If the ecosystem for global assets becomes interoperable, it means we can hold ownership claims to a commercial building, early-stage equity, corporate bonds, a T-bill, a single-family residence, and a decentralized network on the same platform.
Different assets can reference each other contractually and interact in an automated way. It means an increased liquidity for all (tokenized) asset classes.
ERC 725 for Identity, as another
Fabian Vogelstellar — creator of the ERC 20 standard — is leading the front for a unique decentralized identity for “humans, groups, objects and machines”. Quoting directly from the ERC 725 Github itself, “ This identity can hold keys to sign actions (transactions, documents, logins, access, etc), and claims, which are attested from third parties (issuers) and self-attested (#ERC735), as well as a proxy function to act directly on the blockchain”.
Credit: Source link