Topic: Tokenization is a new economic model, but what is the best application? (Read 1395 times)
September 24, 2018, 03:51:26 AM
in my opinion, tokenization is made to make payments or other transactions more efficient, so, if someone will pay for a product, he don't need to go to banks or ATM, enough in your home via a smartphone or other device with the token provided
September 24, 2018, 02:20:31 AM
The blockchain technology and idea of tokenization itself is not about raising money for non-existent factories and enterprises, not about government registers and not about the creation of another crowdfunding or p2p credit social platform. Public blockchains are about creating new business models that have not been existent before and definitely could not be implemented in a centralized paradigm.
What is the most promising area for tokenization in your opinion? Thanks 🙏
I guess insurance could be a big player in tokenization, think about it you will pay an insurance like car or house or health and you get a token meaning that you are insured and with it you have a certain limit on how you can spend on stuff like burglary or damages or even health stuff, meaning one dollar of insurance you pay you get three dollar worth insurance token.What is the most promising area for tokenization in your opinion? Thanks 🙏
It is more money than you put up but it is only used for insurance so not all people will use it to fullest and meanwhile the insurance companies can invest your money however they wish so which will make them money as well.
Insurance tokens could be a great big deal if used right.
September 21, 2018, 04:50:40 AM
A good example for those who don't understand what is, there is a seller who has precious metals worth $ 20 million. Gold itself is very difficult to ship to the buyer, if there is one. It is necessary to carry out a number of procedures that will protect the legal and physical side of the transfer process. The most optimal option is to sell part of the rights to own another person.
On the other hand, there is a buyer who has a certain condition, and he wants to invest it in precious metal. But for physical purchase it is necessary to prepare a special place for storing precious metal, and also to take a number of measures for the safe receipt of goods. For such a buyer, the best way to invest is to acquire rights to a certain part of the total number of precious metals from a particular seller. He buys only the part that he can afford, while the goods remain with the seller, and the buyer receives only a share.
On the other hand, there is a buyer who has a certain condition, and he wants to invest it in precious metal. But for physical purchase it is necessary to prepare a special place for storing precious metal, and also to take a number of measures for the safe receipt of goods. For such a buyer, the best way to invest is to acquire rights to a certain part of the total number of precious metals from a particular seller. He buys only the part that he can afford, while the goods remain with the seller, and the buyer receives only a share.
August 05, 2018, 02:52:09 PM
Payment, remittance, transportation which promoted me to invest in coins and token like telcoin, car taxi helbiz etc,bother areas is good but those are my preferred areas
Payment industry, in my opinion, is occupied by fiat money and probably and will not be superseded by crypto, at least in the nearest future. Good to have crypto-to-fiat and vice versa services, but not for micropayments to purchase coffee or something.
July 27, 2018, 05:22:05 PM
Payment, remittance, transportation which promoted me to invest in coins and token like telcoin, car taxi helbiz etc,bother areas is good but those are my preferred areas
July 27, 2018, 04:09:21 PM
The blockchain technology and idea of tokenization itself is not about raising money for non-existent factories and enterprises, not about government registers and not about the creation of another crowdfunding or p2p credit social platform. Public blockchains are about creating new business models that have not been existent before and definitely could not be implemented in a centralized paradigm.
What is the most promising area for tokenization in your opinion? Thanks 🙏
What is the most promising area for tokenization in your opinion? Thanks 🙏
Like others have mentioned in this thread, the strongest application for tokenization would be the gaming industry. We so far had a free-to-play and pay-to-play system. However, the next step of the gaming world should be a play-to-earn system, and tokenization can play a huge role in this. There are several crypto coins that currently are trying to do this, and it will be very interesting to see how successful the companies can be going into the future. Having a decentralized gaming token in the future years is a must for the gaming industry to keep moving forward. However, this would contradict the original concept of having only one single token.
Guys, I agre on that. As many points out to gaming, it’s stupid to argue with the majority (on conceptual things - for practical tissues an insistence actually helps). But actually what is the social value? Gaming is an entertainment and it prospers without decentralized things. What is the new model, pay-to-earn? Ok, there is a value and only for developed (as entertainment is not for striving for living people) society. But why does it need the blockchain technology?
July 27, 2018, 03:18:12 AM
The blockchain technology and idea of tokenization itself is not about raising money for non-existent factories and enterprises, not about government registers and not about the creation of another crowdfunding or p2p credit social platform. Public blockchains are about creating new business models that have not been existent before and definitely could not be implemented in a centralized paradigm.
What is the most promising area for tokenization in your opinion? Thanks 🙏
What is the most promising area for tokenization in your opinion? Thanks 🙏
Like others have mentioned in this thread, the strongest application for tokenization would be the gaming industry. We so far had a free-to-play and pay-to-play system. However, the next step of the gaming world should be a play-to-earn system, and tokenization can play a huge role in this. There are several crypto coins that currently are trying to do this, and it will be very interesting to see how successful the companies can be going into the future. Having a decentralized gaming token in the future years is a must for the gaming industry to keep moving forward. However, this would contradict the original concept of having only one single token.
July 27, 2018, 02:29:20 AM
The blockchain technology and idea of tokenization itself is not about raising money for non-existent factories and enterprises, not about government registers and not about the creation of another crowdfunding or p2p credit social platform. Public blockchains are about creating new business models that have not been existent before and definitely could not be implemented in a centralized paradigm.
What is the most promising area for tokenization in your opinion? Thanks 🙏
What is the most promising area for tokenization in your opinion? Thanks 🙏
Like others have mentioned in this thread, the strongest application for tokenization would be the gaming industry. We so far had a free-to-play and pay-to-play system. However, the next step of the gaming world should be a play-to-earn system, and tokenization can play a huge role in this. There are several crypto coins that currently are trying to do this, and it will be very interesting to see how successful the companies can be going into the future. Having a decentralized gaming token in the future years is a must for the gaming industry to keep moving forward. However, this would contradict the original concept of having only one single token.
July 26, 2018, 05:53:30 PM
The blockchain technology and idea of tokenization itself is not about raising money for non-existent factories and enterprises, not about government registers and not about the creation of another crowdfunding or p2p credit social platform. Public blockchains are about creating new business models that have not been existent before and definitely could not be implemented in a centralized paradigm.
What is the most promising area for tokenization in your opinion? Thanks 🙏
What is the most promising area for tokenization in your opinion? Thanks 🙏
I think using of the token for project developments, internal currency and excellent way of putting investors sticky to the project are some of the characters which should be possessed by the tokens. Now a days many tokens are coming out as security tokens where they act as identity tokens, at some other place they might be acting as way of paying the fees and getting discounts over trading fees etc. So in short they are being used as utility tokens. I guess that is the best way of using them apart from for the purpose of buying and selling etc.
July 26, 2018, 05:23:32 PM
Most probably in gambling and gaming industries since in them, tokens have more possible use rather than others. Most companies right now use their tokens for next to nothing within their respective projects and just leave them in the air moving forward once they're funded.
Interesting fact about gambling. When people use crypto for betting they still don't recognise the value they can lose, because all minds are still fiat based. It's just psychology.
What do you prefer to lose, $475 (wow too big for betting) or 1 ETH (oh, it's just 1 ETH why no)? Haha. So, betting on crypto is combustible mixture.
Or have you heard about Fomo3D - a new type of financial pyramids? This is the first Ponzi scheme on Etherium smart contracts. In fact, Fomo3D is not only a pyramid, but also a great technical and social experiment. It's interesting to follow how the thing will develop. The collected amount now is 25000 ETH
July 26, 2018, 04:53:55 PM
Utility. The answer is utility mate which is the prime use of it or should be the prime use of it so that people and project both can benefit from it. Token economy has got bigger platform now since the projects are developing themselves and creating opportunities so that they can use the Tokens on their own projects as well as outside trading. It forms the symbol of trade as well as share holder and thus becomes good point of attraction and get invested heavily. This is how I understand the concept of the crypto tokenisation. 
In my opinion best applications will be revealed in businesses with low liquidity model right now, for example real estate market or rentals, as I mentioned in the first post in this thread. But I don’t exactly understand how this tokens could be utility (representing unit of service) and not equites/shares (representing ownership). Here is the ambiguity.
Btw, some experts expect token models to develop in such directions like M&A of tokenized projects.
July 26, 2018, 11:45:49 AM
I agree with those that answered gaming industry, it seems that most of the people are gamers and that's one of the nicest way if our game time's will be worth it and rewarded.
So many gaming projects issued tokens already. The whole gaming market is not so large, and the high number of tokens segments its overall capitalization.
In my opinion, the best application of the token economic model is a banking or other industry concerned to finances.
July 26, 2018, 10:40:15 AM
Most probably in gambling and gaming industries since in them, tokens have more possible use rather than others. Most companies right now use their tokens for next to nothing within their respective projects and just leave them in the air moving forward once they're funded.
Interesting fact about gambling. When people use crypto for betting they still don't recognise the value they can lose, because all minds are still fiat based. It's just psychology.
What do you prefer to lose, $475 (wow too big for betting) or 1 ETH (oh, it's just 1 ETH why no)? Haha. So, betting on crypto is combustible mixture.
Or have you heard about Fomo3D - a new type of financial pyramids? This is the first Ponzi scheme on Etherium smart contracts. In fact, Fomo3D is not only a pyramid, but also a great technical and social experiment. It's interesting to follow how the thing will develop. The collected amount now is 25000 ETH
July 26, 2018, 10:18:13 AM
Most probably in gambling and gaming industries since in them, tokens have more possible use rather than others. Most companies right now use their tokens for next to nothing within their respective projects and just leave them in the air moving forward once they're funded.
July 26, 2018, 10:08:04 AM
Utility. The answer is utility mate which is the prime use of it or should be the prime use of it so that people and project both can benefit from it. Token economy has got bigger platform now since the projects are developing themselves and creating opportunities so that they can use the Tokens on their own projects as well as outside trading. It forms the symbol of trade as well as share holder and thus becomes good point of attraction and get invested heavily. This is how I understand the concept of the crypto tokenisation.
July 26, 2018, 10:02:11 AM
Any company, corporative, organization or industry that want to still exist in the next three to four decades have to incorporate tokenization through blockchain technology into their system in order to enjoy wider financial range and patronage.
July 26, 2018, 08:05:40 AM
The blockchain technology and idea of tokenization itself is not about raising money for non-existent factories and enterprises, not about government registers and not about the creation of another crowdfunding or p2p credit social platform. Public blockchains are about creating new business models that have not been existent before and definitely could not be implemented in a centralized paradigm.
What is the most promising area for tokenization in your opinion? Thanks 🙏
What is the most promising area for tokenization in your opinion? Thanks 🙏
From what i am read in many article, tokenization like in wall street will make peoples can invest in any amount. Tokenization securities can reducing cost and much easier for investor and company.
Tokenization in any bussiness sector will happen in the future i am believe because with tokenization, any bussiness can move more flexible and they can expand their bussiness with more easily
July 26, 2018, 06:57:49 AM
Btw, FB price chart right now. It's down after earnings. That's nearly $50 billion in market cap gone in minutes. These guys definitely needs to refresh business model. But don't think that blockchain technology will add great value, it's more like R&D for them.
July 26, 2018, 02:59:39 AM
I agree with those that answered gaming industry, it seems that most of the people are gamers and that's one of the nicest way if our game time's will be worth it and rewarded.
So many gaming projects issued tokens already. The whole gaming market is not so large, and the high number of tokens segments its overall capitalization.
In my opinion, the best application of the token economic model is a banking or other industry concerned to finances.
If you have heard of this news Facebook Gaming Creator Program, it has impact to the gaming industry.
And I'm connecting also this to the recent news of FB studying blockchain.
There's also a possibility that they will distribute it to their investors or share holders.
But I've heard that they have created the same thing before but it didn't caught attention. It's also possible that they will adopt the technology but no intention of creating new coin.
I think they wait to release something before Telegram does. I believe Telegram will start to deliver the first results by the end of the year and it will be huge. Taking into account that most probably the market will be in an uptrend we will see big hype. The potential of Telegram in crypto overwhelms (I mean tech, not just marketing, they have the user base actually due to the technology).
The irony is that Pavel Durov before telegram implemented Vkontacte platform (most popular Russian social network) based on facebook idea. And to be honest it's more advanced that Fb, lol. Maybe Zuckerberg waits to take telegram's tokenization model and create something cool? I think telegram's usage of tokens will become best practice in the industry, will see
July 24, 2018, 06:21:42 AM
I agree with those that answered gaming industry, it seems that most of the people are gamers and that's one of the nicest way if our game time's will be worth it and rewarded.
So many gaming projects issued tokens already. The whole gaming market is not so large, and the high number of tokens segments its overall capitalization.
In my opinion, the best application of the token economic model is a banking or other industry concerned to finances.
If you have heard of this news Facebook Gaming Creator Program, it has impact to the gaming industry.
And I'm connecting also this to the recent news of FB studying blockchain.
There's also a possibility that they will distribute it to their investors or share holders.
But I've heard that they have created the same thing before but it didn't caught attention. It's also possible that they will adopt the technology but no intention of creating new coin.
July 23, 2018, 08:57:06 AM
I agree with those that answered gaming industry, it seems that most of the people are gamers and that's one of the nicest way if our game time's will be worth it and rewarded.
So many gaming projects issued tokens already. The whole gaming market is not so large, and the high number of tokens segments its overall capitalization.
In my opinion, the best application of the token economic model is a banking or other industry concerned to finances.
If you have heard of this news Facebook Gaming Creator Program, it has impact to the gaming industry.
And I'm connecting also this to the recent news of FB studying blockchain.
July 23, 2018, 04:57:34 AM
I agree with those that answered gaming industry, it seems that most of the people are gamers and that's one of the nicest way if our game time's will be worth it and rewarded.
So many gaming projects issued tokens already. The whole gaming market is not so large, and the high number of tokens segments its overall capitalization.
In my opinion, the best application of the token economic model is a banking or other industry concerned to finances.
If you have heard of this news Facebook Gaming Creator Program, it has impact to the gaming industry.
And I'm connecting also this to the recent news of FB studying blockchain.
July 23, 2018, 04:05:24 AM
Tokens can be used for rewards in large stores, instead of the usual bonuses.
July 23, 2018, 03:47:41 AM
I think tokenize is a new method. For this reason, a process is needed to determine which is the best.
Yes, I have read all the answers to that to find a proper one, and I guess that you are the most right here because it is always needed some time to determine what would be the best option. July 22, 2018, 11:09:17 AM
In my opinion and base on my search about tokenization system. The most promising area for tokenization are bank accounts, financial statements and medical records. Besides, I believe most of the crypto team which planned to open Crypto bank are going to make use of the tokenization.
July 22, 2018, 02:13:52 AM
Probably in the trade and exchange sector is very good for the development of tokenisasi. The trading sector includes, buying and selling goods between countries. coins are used to pay for buying and selling between countries. The Exchange Sector includes, fiat currency exchange with Crypto coins in lieu of means of payment.
July 21, 2018, 12:32:41 PM
Tokenization is overrated, it's essentially the same idea as making coins backed by some physical good. To noobs it sounds cool, but if you think a bit about it, you realize that it's counterproductive because there will always be centralized gateways that kill any advantages of public blockchains.
Some people here mentioned gaming as an example, but as someone who understands well how games work, I can tell you that tokenization is not going to work, because games are inherently centralized, they have huge servers and centralized databases, and no one is even talking about making truly decentralized games, so even if a game gets public blockchain instead of centralized database (not gonna work without huge scalability), other factors would still keep the game centralized.
Some people here mentioned gaming as an example, but as someone who understands well how games work, I can tell you that tokenization is not going to work, because games are inherently centralized, they have huge servers and centralized databases, and no one is even talking about making truly decentralized games, so even if a game gets public blockchain instead of centralized database (not gonna work without huge scalability), other factors would still keep the game centralized.
Absolutely. And my point is that it can help but only when helps to implement really new business models. For example to provide liquidity to real estate by tokenizing tangible assets. And my question actually was where such new models can be realised?
One more application which could be interesting for tokenization is personal information or social capital / personal brand / ratings etc. What do you think?
The gaming industry is popular and closely deals with digital that's why many people refer to it, but I don't see new decentralized models here. It's fine with centralized approaches.
July 21, 2018, 12:26:02 PM
I don`t see how tokenization is better than crowdfunding.It would be better,if all token holders have more control over the project and decide when to release escrowed funds to the project devs.Each ICO project has to be divided into stages and fases.The funds gathered for the ICO will be held in some escrow and released in different parts,based on the progress of every stage.The release will be conducted only after voting amongst the token holders.There are smart contracts about ICO voting.
Definitely, it's better. Or more correctly to say it works for sure, if we consider tokenization just for crowdfunding and the proof is that many ideas were allowed to raise large sums easily. The question is good it or not - we will see the answer in the future, and we all understand that it should not be compared with investing, it's kind of venture.
July 21, 2018, 07:41:42 AM
I do not think tokenization is an excellent economic model. The dream of cryptos was to have a single, unified coin for the whole world and every use. Not that you need to use a different token for everything.
Generally, the best applications are:
Services: It would be good to have a unified code for services all over the world, such as using a transport token, another for food, and so on.
Gaming: As mentioned above.
Generally, the best applications are:
Services: It would be good to have a unified code for services all over the world, such as using a transport token, another for food, and so on.
Gaming: As mentioned above.
July 21, 2018, 01:32:46 AM
I don`t see how tokenization is better than crowdfunding.It would be better,if all token holders have more control over the project and decide when to release escrowed funds to the project devs.Each ICO project has to be divided into stages and fases.The funds gathered for the ICO will be held in some escrow and released in different parts,based on the progress of every stage.The release will be conducted only after voting amongst the token holders.There are smart contracts about ICO voting.
July 20, 2018, 07:39:49 PM
The blockchain technology and idea of tokenization itself is not about raising money for non-existent factories and enterprises, not about government registers and not about the creation of another crowdfunding or p2p credit social platform. Public blockchains are about creating new business models that have not been existent before and definitely could not be implemented in a centralized paradigm.
What is the most promising area for tokenization in your opinion? Thanks 🙏
What is the most promising area for tokenization in your opinion? Thanks 🙏
Aside from gaming industries, tokenization is more important in our modernization and technological advancement. With the help of blockchain technology tokenization is probably have a great impact in our economic system and industry. Through our new generation we need to upgrades all of our technologies, transportation, infrastructure, health, etc and thats all the blockchain technology and tokenization is one of the moat convenient in the future.
July 20, 2018, 07:36:43 PM
Tokenization is overrated, it's essentially the same idea as making coins backed by some physical good. To noobs it sounds cool, but if you think a bit about it, you realize that it's counterproductive because there will always be centralized gateways that kill any advantages of public blockchains.
Some people here mentioned gaming as an example, but as someone who understands well how games work, I can tell you that tokenization is not going to work, because games are inherently centralized, they have huge servers and centralized databases, and no one is even talking about making truly decentralized games, so even if a game gets public blockchain instead of centralized database (not gonna work without huge scalability), other factors would still keep the game centralized.
Some people here mentioned gaming as an example, but as someone who understands well how games work, I can tell you that tokenization is not going to work, because games are inherently centralized, they have huge servers and centralized databases, and no one is even talking about making truly decentralized games, so even if a game gets public blockchain instead of centralized database (not gonna work without huge scalability), other factors would still keep the game centralized.
July 20, 2018, 06:45:27 PM
I agree with those that answered gaming industry, it seems that most of the people are gamers and that's one of the nicest way if our game time's will be worth it and rewarded.
So many gaming projects issued tokens already. The whole gaming market is not so large, and the high number of tokens segments its overall capitalization.
In my opinion, the best application of the token economic model is a banking or other industry concerned to finances.
July 20, 2018, 06:24:31 PM
I agree with those that answered gaming industry, it seems that most of the people are gamers and that's one of the nicest way if our game time's will be worth it and rewarded.
So many gaming projects issued tokens already. The whole gaming market is not so large, and the high number of tokens segments its overall capitalization.
In my opinion, the best application of the token economic model is a banking or other industry concerned to finances.
July 20, 2018, 05:37:20 PM
I agree with those that answered gaming industry, it seems that most of the people are gamers and that's one of the nicest way if our game time's will be worth it and rewarded.
That idea looks cool, so for someone who's very passionate about gaming and all he want to do is to play games all the time he can be with it.
And there are blockchain based games that are very well rewarding and interesting to play.
That idea looks cool, so for someone who's very passionate about gaming and all he want to do is to play games all the time he can be with it.
And there are blockchain based games that are very well rewarding and interesting to play.
July 20, 2018, 01:12:11 PM
For me, the most interesting application of tokenization is e-commerce. The question is different, until the need for tokenization takes a mass character, this process will be uninteresting to society.
Could you please give an example of e-commerce? I think it develops greatly without the features of decentralization. In my opinion the main purpose of tokenization is to transform different values (assets, services, etc.) into a digital world and to endorse them with such features like safety, liquidity, partibility and flexibility. A token itself is to be used to gain access to the elementary unit of this value.
July 20, 2018, 05:27:38 AM
For me, the most interesting application of tokenization is e-commerce. The question is different, until the need for tokenization takes a mass character, this process will be uninteresting to society.
July 20, 2018, 04:17:36 AM
I think tokenize is a new method. For this reason, a process is needed to determine which is the best.
July 20, 2018, 03:05:56 AM
The blockchain technology and idea of tokenization itself is not about raising money for non-existent factories and enterprises, not about government registers and not about the creation of another crowdfunding or p2p credit social platform. Public blockchains are about creating new business models that have not been existent before and definitely could not be implemented in a centralized paradigm.
What is the most promising area for tokenization in your opinion? Thanks 🙏
What is the most promising area for tokenization in your opinion? Thanks 🙏
I think the gaming industry is one of them. It just suits it perfectly!
Probably you are right. And the gaming industry is one of the fast growing. But what could be the new business model there? Every blockchain based project for gaming industry I have seen actually can be implemented without the decentralization and actually has a big centralized competitor...
As you might already know Pay-to-Play was the first model and then Free-To-Play model came in. Now is the time for Earn-To-Play. It's the third era of the gaming industry. Companies are mostly combining both centralized and decentralized advantages into an hybrid model.
I see, good to know, thank you. And what are you thoughts on a decentralized business models for sharing economy, the development of DAO and consequently, some oracles to connect the real world with the virtual models?
July 19, 2018, 06:43:40 PM
The blockchain technology and idea of tokenization itself is not about raising money for non-existent factories and enterprises, not about government registers and not about the creation of another crowdfunding or p2p credit social platform. Public blockchains are about creating new business models that have not been existent before and definitely could not be implemented in a centralized paradigm.
What is the most promising area for tokenization in your opinion? Thanks 🙏
What is the most promising area for tokenization in your opinion? Thanks 🙏
I think the gaming industry is one of them. It just suits it perfectly!
Probably you are right. And the gaming industry is one of the fast growing. But what could be the new business model there? Every blockchain based project for gaming industry I have seen actually can be implemented without the decentralization and actually has a big centralized competitor...
As you might already know Pay-to-Play was the first model and then Free-To-Play model came in. Now is the time for Earn-To-Play. It's the third era of the gaming industry. Companies are mostly combining both centralized and decentralized advantages into an hybrid model.
July 19, 2018, 06:18:45 PM
The blockchain technology and idea of tokenization itself is not about raising money for non-existent factories and enterprises, not about government registers and not about the creation of another crowdfunding or p2p credit social platform. Public blockchains are about creating new business models that have not been existent before and definitely could not be implemented in a centralized paradigm.
What is the most promising area for tokenization in your opinion? Thanks 🙏
What is the most promising area for tokenization in your opinion? Thanks 🙏
I think the gaming industry is one of them. It just suits it perfectly!
Probably you are right. And the gaming industry is one of the fast growing. But what could be the new business model there? Every blockchain based project for gaming industry I have seen actually can be implemented without the decentralization and actually has a big centralized competitor...
July 19, 2018, 06:12:37 PM
The blockchain technology and idea of tokenization itself is not about raising money for non-existent factories and enterprises, not about government registers and not about the creation of another crowdfunding or p2p credit social platform. Public blockchains are about creating new business models that have not been existent before and definitely could not be implemented in a centralized paradigm.
What is the most promising area for tokenization in your opinion? Thanks 🙏
What is the most promising area for tokenization in your opinion? Thanks 🙏
I think the gaming industry is one of them. It just suits it perfectly!
July 19, 2018, 05:40:57 PM
The blockchain technology and idea of tokenization itself is not about raising money for non-existent factories and enterprises, not about government registers and not about the creation of another crowdfunding or p2p credit social platform. Public blockchains are about creating new business models that have not been existent before and definitely could not be implemented in a centralized paradigm.
What is the most promising area for tokenization in your opinion? Thanks 🙏
What is the most promising area for tokenization in your opinion? Thanks 🙏
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