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RE: Tokenization will turn the whole internet into the world's largest "Stock Market"

in #cryptocurrency7 years ago

Despite what it may initially appear, I believe that we can all be optimistic about this future posibility.

In an initial look, this may appear to be quite concerning, with all these physical assets moving into the digital world.

Each deed, certificate of ownership or contract between parties, being made digital into a token or smart contract.

Since it all is a new and unprecedented movement, this change from physical to digital could create a cause of concern for both those in the blockchain space and the public.

That said though, with this there could be a cornucopia of new possibilities emminating from this forseen change.

Land ownership could be protected within the blockchain and not able to be messed with by greedy governments (at least not without physical force).

Vehicle data such as repairs and accidents would be transparently available to the buyer without any trust in the seller.

Investments could be made into companies and individuals without needing complex security measures and protections in place.

With any new innoviation, it is expected to be uneasy and this tokenization is no exception, but with the well made ICO's and smart contracts staying in the game due to good practices, hopefully when the time is right, everything will be built upon a tried and tested stable platform and we, as the pioneers, will know how to properly use the system.

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@cryptowolf I can hope so. Only the power of many can equal the balance of those at the top. Our current economic model perverts our governments and legislative processes. In the U.S, throughout Europe, and especially in areas throughout in Asia, Africa and Latin America.

I look forward to what is possible and I believe in the humanity to out innovate the worst in our society

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