Tokenization

[brawdias]

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 ?

[1715439676]

1715439676

[1715439676]

1715439676

[1715439676]

1715439676

[elda34b]

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.

[mithrim]

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.

[iRespo]

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.