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

[JohnPierson]

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 🙏

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[circlesseeker]

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 think the gaming industry is one of them. It just suits it perfectly!

[JohnPierson]

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 think the gaming industry is one of them. It just suits it perfectly!

Probably you are right. And the gaming industry is one of the fast growing. But what could be the new business model there? Every blockchain based project for gaming industry I have seen actually can be implemented without the decentralization and actually has a big centralized competitor...

[circlesseeker]

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 think the gaming industry is one of them. It just suits it perfectly!

Probably you are right. And the gaming industry is one of the fast growing. But what could be the new business model there? Every blockchain based project for gaming industry I have seen actually can be implemented without the decentralization and actually has a big centralized competitor...

As you might already know Pay-to-Play was the first model and then Free-To-Play model came in. Now is the time for Earn-To-Play. It's the third era of the gaming industry. Companies are mostly combining both centralized and decentralized advantages into an hybrid model.

[JohnPierson]

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 think the gaming industry is one of them. It just suits it perfectly!

Probably you are right. And the gaming industry is one of the fast growing. But what could be the new business model there? Every blockchain based project for gaming industry I have seen actually can be implemented without the decentralization and actually has a big centralized competitor...

As you might already know Pay-to-Play was the first model and then Free-To-Play model came in. Now is the time for Earn-To-Play. It's the third era of the gaming industry. Companies are mostly combining both centralized and decentralized advantages into an hybrid model.

I see, good to know, thank you. And what are you thoughts on a decentralized business models for sharing economy, the development of DAO and consequently, some oracles to connect the real world with the virtual models?

[muslol67]

I think tokenize is a new method. For this reason, a process is needed to determine which is the best.

[Tory-Tory]

For me, the most interesting application of tokenization is e-commerce. The question is different, until the need for tokenization takes a mass character, this process will be uninteresting to society.

[JohnPierson]

For me, the most interesting application of tokenization is e-commerce. The question is different, until the need for tokenization takes a mass character, this process will be uninteresting to society.

Could you please give an example of e-commerce? I think it develops greatly without the features of decentralization.

In my opinion the main purpose of tokenization is to transform different values (assets, services, etc.) into a digital world and to endorse them with such features like safety, liquidity, partibility and flexibility. A token itself is to be used to gain access to the elementary unit of this value.

[jossiel]

I agree with those that answered gaming industry, it seems that most of the people are gamers and that's one of the nicest way if our game time's will be worth it and rewarded.

That idea looks cool, so for someone who's very passionate about gaming and all he want to do is to play games all the time he can be with it.

And there are blockchain based games that are very well rewarding and interesting to play.

[Coin-1]

I agree with those that answered gaming industry, it seems that most of the people are gamers and that's one of the nicest way if our game time's will be worth it and rewarded.

So many gaming projects issued tokens already. The whole gaming market is not so large, and the high number of tokens segments its overall capitalization.

In my opinion, the best application of the token economic model is a banking or other industry concerned to finances.

[Aveatrex]

I agree with those that answered gaming industry, it seems that most of the people are gamers and that's one of the nicest way if our game time's will be worth it and rewarded.

So many gaming projects issued tokens already. The whole gaming market is not so large, and the high number of tokens segments its overall capitalization.

In my opinion, the best application of the token economic model is a banking or other industry concerned to finances.

I agree with you,there is already enough projects for gaming (Refereum...) .Also in my opinion the best application of the token economic model should be related to food,as we clearly see people are getting more aware of dangerous products used in the food processing industry and consumers would like to know from where their products is comming etc..

[hatshepsut93]

Tokenization is overrated, it's essentially the same idea as making coins backed by some physical good. To noobs it sounds cool, but if you think a bit about it, you realize that it's counterproductive because there will always be centralized gateways that kill any advantages of public blockchains.
Some people here mentioned gaming as an example, but as someone who understands well how games work, I can tell you that tokenization is not going to work, because games are inherently centralized, they have huge servers and centralized databases, and no one is even talking about making truly decentralized games, so even if a game gets public blockchain instead of centralized database (not gonna work without huge scalability), other factors would still keep the game centralized.

[Hanazawa]

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 🙏

Aside from gaming industries, tokenization is more important in our modernization and technological advancement. With the help of blockchain technology tokenization is probably have a great impact in our economic system and industry. Through our new generation we need to upgrades all of our technologies, transportation, infrastructure, health, etc and thats all the blockchain technology and tokenization is one of the moat convenient in the future.

[davis196]

I don`t see how tokenization is better than crowdfunding.It would be better,if all token holders have more control over the project and decide when to release escrowed funds to the project devs.Each ICO project has to be divided into stages and fases.The funds gathered for the ICO will be held in some escrow and released in different parts,based on the progress of every stage.The release will be conducted only after voting amongst the token holders.There are smart contracts about ICO voting.

[hugeblack]

I do not think tokenization is an excellent economic model. The dream of cryptos was to have a single, unified coin for the whole world and every use. Not that you need to use a different token for everything.

Generally, the best applications are:
  Services: It would be good to have a unified code for services all over the world, such as using a transport token, another for food, and so on.
  Gaming: As mentioned above.

[JohnPierson]

I don`t see how tokenization is better than crowdfunding.It would be better,if all token holders have more control over the project and decide when to release escrowed funds to the project devs.Each ICO project has to be divided into stages and fases.The funds gathered for the ICO will be held in some escrow and released in different parts,based on the progress of every stage.The release will be conducted only after voting amongst the token holders.There are smart contracts about ICO voting.

Definitely, it's better. Or more correctly to say it works for sure, if we consider tokenization just for crowdfunding and the proof is that many ideas were allowed to raise large sums easily. The question is good it or not - we will see the answer in the future, and we all understand that it should not be compared with investing, it's kind of venture.

[JohnPierson]

Tokenization is overrated, it's essentially the same idea as making coins backed by some physical good. To noobs it sounds cool, but if you think a bit about it, you realize that it's counterproductive because there will always be centralized gateways that kill any advantages of public blockchains.
Some people here mentioned gaming as an example, but as someone who understands well how games work, I can tell you that tokenization is not going to work, because games are inherently centralized, they have huge servers and centralized databases, and no one is even talking about making truly decentralized games, so even if a game gets public blockchain instead of centralized database (not gonna work without huge scalability), other factors would still keep the game centralized.

Absolutely. And my point is that it can help but only when helps to implement really new business models. For example to provide liquidity to real estate by tokenizing tangible assets. And my question actually was where such new models can be realised?

One more application which could be interesting for tokenization is personal information or social capital / personal brand / ratings etc. What do you think?

The gaming industry is popular and closely deals with digital that's why many people refer to it, but I don't see new decentralized models here. It's fine with centralized approaches.

[EVOS]

Probably in the trade and exchange sector is very good for the development of tokenisasi. The trading sector includes, buying and selling goods between countries. coins are used to pay for buying and selling between countries. The Exchange Sector includes, fiat currency exchange with Crypto coins in lieu of means of payment.

[posi]

In my opinion and base on my search about tokenization system. The most promising area for tokenization are bank accounts, financial statements and medical records. Besides, I believe most of the crypto team which planned to open Crypto bank are going to make use of the tokenization.

[Sword555]

I think tokenize is a new method. For this reason, a process is needed to determine which is the best.

Yes, I have read all the answers to that to find a proper one, and I guess that you are the most right here because it is always needed some time to determine what would be the best option.