Tokenization as Business Model

Description

Trent McConaghy:

"Tokens are the new “new” thing in the blockchain space. Just when everyone thought that blockchains were hot enough, everyone realized that tokens *are* the business model for Web 3.0.

A decentralized system spreads control among many parties. It may or may not be tokenized. The key benefit of tokens is to align incentives among participants of the ecosystem. It’s a positive-sum game among the tribe of token holders.

...

“Tokenize the enterprise” is a new answer to the Innovator’s Dilemma. It allows the enterprise to embrace change, because the enterprise has become the community, and vice versa. The community can decide if it has the courage to embrace change. And, crucially, if some subgroup doesn’t agree, it can splinter off (yes, fork) to do its own thing. Then, a billion dollars doesn’t matter. Communities can self-organize around the original community or the new one, based on their beliefs. Just like ETC vs ETH. Put another way: for the tokenized enterprise, hard forks are the new spinoff. " (https://blog.bigchaindb.com/tokenize-the-enterprise-23d51bafb536)