What is tokenization in Blockchain

Presented by

Ulf Mattsson, Head of Innovation, TokenEx

About this talk

Tokenization on Blockchain is a steady trend of 2018. It seems that everything is being tokenized on Blockchain from paintings, diamonds and company stocks to real estate. Thus, we took an asset, tokenized it and created its digital representation that lives on Blockchain. Blockchain guarantees that the ownership information is immutable. Unfortunately, some problems need to be solved before we can successfully tokenize real-world assets on Blockchain. Main problem stems from the fact that so far, no country has a solid regulation for cryptocurrency. For example, what happens if a company that handles tokenization sells the property? They have no legal rights on the property and thus are not protected by the law. Another problem is that this system brings us back some sort of centralization. The whole idea of Blockchain and especially smart contracts is to create a distrustful environment. Tokenization is a method that converts a digital value into a digital token. Tokenization can be used as a method that converts rights to an asset into a digital token. The tokenization system can be implemented local to the data that is tokenized or offloaded to cloud. Tokenization in cloud can provide a lower total cost of ownership by sharing resources implementation and administration. A high level of security can be achieved by separating the tokenization system into a container that can be run on-prem or isolated in a remote private cloud. This session will discuss tokenization, blockchain and tokenization in blockchain. In this session I will describe what it means to tokenize an asset on Blockchain and how it applies to physical assets. Join BrightTALK's FinTech Insights group on LinkedIn: http://bit.ly/2PLQXG3

Related topics:

More from this channel

Upcoming talks (0)
On-demand talks (178)
Subscribers (14177)
Blockchain technology has taken the world by storm. From blockchain 101, to the latest news on cryptocurrencies, to more advanced skills needed to get to grips with the technology, subscribe to this channel where leading experts will get you up to speed on all things blockchain and distributed ledger. MintBit was created to increase awareness and understanding about the blockchain and its use in business models. Let's take the first step on your blockchain journey - together!