The Tokenization Train and Why Companies Will Benefit

2018-7-3 18:56

The result has been a rush to treat blockchains like infallible digital notaries, recording truthful information and sharing it around.
The future of business contracting is, we believe, the exchange of product and service tokens for digital payment tokens.
When combining tokenization with the complex business logic enabled by smart contracts, we can represent complex business interactions faithfully, and we can do so much more reliably than most companies can today.
It’s not atypical for companies to find that their ability to negotiate agreements far exceeds their ability to actually keep to those agreements.
To get there from here, however, the first step is for companies to embrace tokenization and move away from simply treating blockchains like fancy digital notaries.

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