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brawdias
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July 04, 2018, 02:19:15 AM
 #1

I read this on a news but I don't understand what it means yet and also, how that can be helpful for a company ?
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July 04, 2018, 06:51:21 AM
 #2

Do you wanted to ask what is the definition of "Tokenization"? If it is, in what context does that words have been used? Related to blockchain/cryptocurrency or not? 'Cause there is a lot of definition out there.

Just google it.
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July 04, 2018, 08:42:52 AM
 #3

Tokenization is the process of converting rights to real world assets into a digital token on a blockchain.

Tokenization is a native part of the Blockchain technology that serves as the purpose of platform identification and accessibility.
Blockchain platforms are powered by tokens, which sometimes can be referred as “coins.” Bitcoin is a token, as is Dash, Litecoin, and other currencies that function over a Blockchain. And while tokens can represent money, they can also represent other things too.

The demand for a particular Blockchain merchandise is usually the main determinant of the value and also an eventual market price of its token - this is why there is a variation in the prices of different altcoins in the Blockchain environment. For instance, Bitcoin is more readily accepted by merchants than Litecoin, and also is consequently more valuable. A utility token - designed for B2B2B platform for vendors, SME, Financial Institutions and logistics.

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July 04, 2018, 08:48:37 AM
 #4

I read this on a news but I don't understand what it means yet and also, how that can be helpful for a company ?

A bit more context would be great but in essence, tokenization refers in crypto space to the process of converting items into tokens (on a blockchain) in order to give them an inherent value. Items can be anything: assets, actions, processes, etc.


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iRespo
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July 04, 2018, 02:49:54 PM
 #5

We can give you our case as an example:

We use blockchain to create an ecosystem in which users will be incentivized to take part in the voting by earning tokens when they respond to questions during polls and surveys.

By tokenizing the poll/survey market using the blockchain technology we want to give both organizers and participants an opportunity to earn on their activity.

Our token will enable organizers that pay for polls and surveys when using our application, to distribute the profit between participants as well as to distribute the profit when accessing the data between the application, organizers, and participants.

So token represents a concrete value and can be used to access our services.
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