Tokenisation of existing business processes can reduce costs and open up new opportunities for marketing, gamification, customer retention and acquisition
How does it work?
Tokenisation converts the value and rights to a particular intangible or tangible asset into a token which is cryptographically secured by the blockchain, guaranteeing transparency, immutability and provable provenance
It has the incredible potential to reduce our dependence on intermediaries, simplify complex business transactions and at the same time make them more secure
More interestingly, these digital assets can be created with provable scarcity, a unique attribute that’s typically been provided only by central banks or other institutional custodians
Skill Level: Beginner