ACO, The Engine That Fueled The Explosion Of Utility Economy By Yang Braxter
The Rise Of Utility Economy (UE)
The fast-growing world of tokenizing business through Blockchain technology raised up a new economic phenomenon known as the Utility Economy (UE). In what is called the Utility Economy, a term coined by Ted Huang, the father of FinTech, imagine the token value created in all the crypto-land perspective can simultaneously create the visibility of identity, information, ownership, property and any real-world objects that creates its own unique digital representation. Trust is fragile, the Decentralize Ledger Technology (DLT) deployed to unleash the control that used to be placed in the hands of a few. Once we make systems decentralize, every participant share the responsibility and authority to display transparency.
All the digital representation symbolized in token form will fuel up all the elements that generate systematic reinforcement towards target behavior. These reinforcers in tokenized form having the behavior to interact with other reinforcers in the different business environment making utilization of future access to product and services. This is what we coined as the Utility Economy.