We frequently publish articles, E-Books, and other materials on the subjects of blockchain adoption, tokenization, digital asset management, etc. We also do free monthly webinars on many of these topics. Follow us on LinkedIn and Medium to stay up to date with our latest content.
One of the most obvious, and most common, blockchain use cases is tokenization, which creates a digital placeholder for real goods and services.
What can be tokenized? Practically anything!
Beyond tokenization, Blockchains have some unique advantages. They remove the counter-party risk in transactions, allow businesses to go global at lower costs; they allow you to document facts without the need for a notary service; and they have a forgery-proof record of transactions. Everything in a blockchain is decentralized; in fact, another name for blockchain technology is ‘distributed ledger technology.’ This makes it the tool of choice when, for example, two companies want to create a joint-business process but neither wants the other to control it. As globalization grows and businesses increasingly have to deal with counterparts in other countries, the immutable, decentralized nature of blockchain becomes its most compelling feature. Very simply, blockchain technology, when properly used, creates trust, cuts costs, and saves time.
As with any new technology, it’s not a miracle cure. Some use cases can leverage blockchain’s strengths better than others.
So, what can you do with Blockchain?
- Accounting for asset storage
- Software licensing and access tokens to data e.g. blueprints
- Making non-bankable assets liquid by fractionalization
- Adding on-chain compliance to otherwise non-compliant cryptocurrencies
- Trading digital art and using the blockchain for access control to source codes
- Mirroring the real world by creating digital analogies in the digital world
- Wrap information into digital assets and personalize the access
- Use the blockchain to add audit reports in a tamper-proof way to digital or physical assets
- Use the blockchain for notarization of information without any third party or intermediary
- “Banking on blockchain”, routing of values via atomic channels while doing simultaneous value conversions
- Trading of CO2 certificates
- Identity Tokens for physical items and adding proof-of-origin
- Tokenized Equity
- Tokenized Real Estate and investment models
- Revenue share models on blockchain, allowing micro-investments and micro-payout without overhead
- Digitalization of yet inaccessible natural resources – using as collateral for e.g. loans
- Land registry on blockchain
- Supporting sustainable development goals
- Creating fundraising models for fair and safe development aid programs, where money will reach its destination without middlemen
- Auctions on blockchain
- Shareholder voting
- Creating social reward tokens
- Implementation of parallel currencies with own governance models (e.g. loss of value every month to prevent accumulation and speculation)
- Digital barter on blockchain
Interested in using blockchain for your project? Let’s discuss.
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