Why Companies Need to Get on the Tokenization Train

Digital tokens, on the other, are designed for economic activity.

By creating a digital token to represent that package of medicine, not only do we record all the history of that medicine, just like a digital notary solution, we can also buy and sell that item by moving the token between accounts.

Public blockchains like ethereum are largely based on the ability to handle both complex business logic with smart contracts and a nearly unlimited number and type of digital tokens.

Some tokens are essentially fungible while others are unique.

In either case, we believe the future of commerce is in contracts that involve the exchange of product and service tokens for money tokens.

Using digital tokens, we can recreate all the sophistication of the existing financial and operational business world we live in, but with far less operational cost and complexity, and do it all within the same system.

The future of business contracting is, we believe, the exchange of product and service tokens for digital payment tokens.

When combining tokenization with the complex business logic enabled by smart contracts, we can represent complex business interactions faithfully, and we can do so much more reliably than most companies can today.

As the token economy matures and companies put more and more assets, products, and services into public blockchains, expect the delivery of complex financial services to be digitized as well.

To get there from here the first step is for companies to embrace tokenization and move away from simply treating blockchains like fancy digital notaries.