Tokenization is a new economic model, but what is the best application?

[aleksnutis]

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.

[wuvdoll]

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.

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.

[jiya jaena]

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