How Purpose-Driven Tokenisation Will Enable Innovative Ecosystems

My latest article:

A few weeks ago, we had the second round table session organised by the 2Tokens initiative. The 2Tokens project aims to clarify the path to realising value from tokenisation. The objective of this round table discussion was to understand the challenges faced when designing new, token-driven, ecosystems; what is needed to enable purpose-driven tokenisation, which comes down to token engineering - the practice of using tokens as the foundation for designing value flows and ultimately economic systems?

Standardisation of terminology, education of the wider community and collaboration with relevant stakeholders such as regulators and policymakers are important preconditions for developing successful tokenised ecosystems. It is up to regulators and policymakers to establish clear regulations that enable innovation instead of limiting it because tokens do not adhere to borders. The opportunity is there if we can get the right environment for tokenisation in place. If this does not happen, then startups and ecosystems looking to leverage the benefits of tokenisation will move elsewhere as the benefits are simply too big to ignore.

This second round table session was again a great success by showing what the preconditions are when developing tokenised ecosystems. Purpose-driven tokenisation can drive and change behaviour, but all stakeholders must be involved from the start.

Three Useful Nuggets of Information

My weekly tips from around the web to get you thinking.

1. Can an AI epidemiologist be more reliable than the WHO?

The BlueDot algorithm scours news reports and airline ticketing data to predict the spread of diseases like those linked to the flu outbreak in China. It did so, 10 days before the WHO reported on it. (Wired)

2. Will 2020 be the year of privacy?

Today is Data Privacy Day, and the Internet is awash with horror stories of data breaches and hacks. Could blockchain be the key to securing our privacy? (Decrypt)

3. Ehm, probably not.

Avast, a multibillion-dollar computer security company, is sucking up your browsing data and selling it to the highest bidder. The antivirus subsidiary sells 'Every search. Every click. Every buy. On every site’. (Vice)