In an increasingly digital economy, tokenization has emerged as a powerful mechanism for representing ownership and value. At its core, tokenization is the process of converting rights to an asset into a digital token on a blockchain or distributed ledger. These tokens act as digital certificates of ownership that can be easily transferred, divided, and […]
Tag: smart contracts
The year 2017, for everything else it may or may not be, is already heralded as “The Year of Blockchain.” But what exactly is “blockchain” – and why is it slated to be the debutante of the ball across multiple industries? Essentially blockchain is a way of connecting distributed databases to each other. In other […]
Blockchain, the underlying technology used by Bitcoin, has implications that reach far beyond the financial services community and banks. This is where new development and implementation may have focussed so far. However, as the technology and its implications become better understood, it will rapidly expand to new industries and verticals. Blockchain systems operate as a […]