As businesses step into the post Covid-19 future, we need to find a balance between what worked before and what needs to happen to succeed in the new normal. We have to assume that the old ways of conferences with many people in the room will not come back anytime soon. Online webinars, interviews and presentations are not a panacea for today’s challenges such as training and research on tokenization.
In fact, for the 2Tokens exploration, we’ve found that the teams working on the use-cases have been very effective. We will be sharing the results in coming months through our studio sessions and online webinars. So, be sure to sign up for the DBC webinar scheduled for June 16th.
In the afternoon, we will host a webinar session about the Challenges & Opportunies of Tokenization which will take you through the steps of tokenizing an ecosystem. We will discuss the aforementioned use-cases on tokenization, including our own TWO Tokens project!
Announcing Studio sessions
During the round table discussions, we’ve learned that companies want to be able to create token-based business models without having a platform technology in mind. As we have seen from the presentation of the ITSA, for this to work, token standards are paramount. Tokens enable users to define, exchange and use anything of value – whether that value is digital or otherwise such as for instance real estate properties. For a company to exchange or use tokens, business partners need to agree on how that token is defined and how its value will be unlocked through contracts, agreements and clauses.
The potential for tokenization to disrupt existing interactions is huge – offering both more efficient solutions to existing models such as crowdfunding or fractionalized ownership, as well as opening up new models for financing that go beyond what’s offered today. Dan Liebau is an expert on tokenization, based in Singapore. We interviewed him earlier this month:
The use-cases
In the next phase of the 2Tokens project, we’re exploring three real-life use cases where different type of tokens are used. These use cases are the electronic Bill of Lading (eBL), between the ports of Rotterdam and Singapore, Next Generation Capital (NGC), an alternative means of raising capital, and the TWO token (TWO), a utility token for within an ecosystem. In the coming months, we will be presenting whitepapers, interview sessions, and online webinars for all three use cases.
Next Generation Capital is a clear use-case that shows that, despite all the progress of recent years, there remains a huge gap between those that need to raise funds and those that have funds available to invest. Developments such as crowdfunding have helped democratize access to finance – but still, far too often worthwhile ventures remain unfunded: investment size mismatch, mismatch with the investment mandate of the investor, risk/reward profile not suitable, assets for collateral not liquid enough, lack of sufficient reputation for the fundraisers, lack of a transparent market-making mechanism etc.