Trends Report

What Tokens And Tokenization Mean In The Context Of Enterprise Blockchain

November 26th, 2020
Martha Bennett, VP, Principal Analyst
Martha Bennett VP, Principal Analyst
With contributors:
Laura Koetzle , Melissa Chaudet

Summary

Many leaders at financial services firms as well as security and risk professionals are baffled by the ferment about tokens and tokenization; here, we explain what blockchain tokens are all about. Blockchain tokens aren’t just cryptocurrencies; you can also digitize and tokenize everything from IP rights to farm equipment! And with those tokens, you can track the assets across a multiparty value chain. Smart use of tokens can both strengthen blockchains themselves (e.g., token-based voting on code changes) and allow participants to collaborate safely while complying with regulations (e.g., banks combatting invoicing fraud). Dive deeper into exploring the meaning and potential of tokenization by scheduling an inquiry.

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