The transformation of physical assets into digital ones is the great technological trend that is coming in the most different sectorsto the point of transforming entire areas and creating their own dynamics economical.
This expression has gained strength in recent years by naming a direct consequence of the digital transformation that we are currently living. However, if most of the processes that govern different aspects of our lives are migrating to the environment virtualit was evident that the active financiers would follow the same path. The question was how to do it safely, transparently and, of course, efficiently without putting goods and assets at risk of people and companies.
The answer lies in the popularization of technology blockchainwhich has been used by the cryptocurrencies in the last decade. After initial resistance, it became clear to all that there was no better resource for digitizing real assets. In addition to protecting the information by dividing it into small encrypted blocks, making it almost impossible to change it, it offers the possibility of a smart contractwhich serves as a document to determine the operating rules of that asset.
So, Cointelegraph en Español spoke with Cássio Krupinsk, CEO of BlockBR, who stated that in a scenario that discusses the possibility of metaverse and digital acceleration in practically all our lives, it is the tokens that will guarantee success of financial operations in this new reality.
“Today this concept may sound strange or even cause concern in many professionals. But make no mistake: in the near future it will be as popular as the Internet”, highlighted Krupinsk.
Tokenization is still in its infancy
According to him, despite all the excitement and the different projects that already exist around the world, the tokenization process is just beginning. In other words, there is still a lot of room to grow and consolidate through the success (and even failure) of some cases. Various sectors are beginning to explore the possibilities offered by this concept in their business models.
“To give you an idea, a survey by the consulting firm MarketsandMarkets estimates that the global tokenization market should grow 19% per year until 2026. The sector will go from USD 2.3 billion in 2021 to USD 5.6 billion in five years. Growth is driven precisely by the wide accession space among consumers, which makes different companies begin to invest heavily in the subject“, he claimed.
He also points out that two more issues need to be emphasized. In the first place, there is the low number of companies and, mainly, of professionals dedicated to facilitating this procedure – like everything new, it is necessary to delve into new knowledge. This is reflected in the second issue, which is the need to update the regulatory frameworks that govern issues like technology Y finance.
“Therefore, the perfect combination is found for the consolidation of tokenization in the most different markets: there is a growing demand among users, space for the construction of innovative projects, intense public debate about its possibilities and the advancement of the workforce together with technology. itself. It is a matter of time to advance further on the world stage”, he points.
And how far can it go?
Evidently, each phase of exponential growth of a technology is followed by a phase of consolidation and maturation. But what about tokenization? Simple: full use in all sectors. Due to its numerous possibilities, since it can serve as an access code, currency and participation platform, the trend is to gain space in the most varied markets.
“The retail, even due to its characteristics of innovation and proximity to consumers, prevailed in this race, according to the aforementioned MarketsandMarkets survey. It is not difficult to find large retail chains that use tokens to promote relationship programs and offer discounts and promotions as a way to attract and retain customers.”, continued Krupinsk.
For him, however, other much more complex sectors are also exploring the opportunities of tokenization. The real-estate marketfor example, is beginning to develop the first projects with the mission of debureaucratizing and democratizing access to projects. mining industryin turn, uses tokens to facilitate trading in precious metals. automotive companieson the other hand, anticipate accounts receivable with this technology.
Krupinsk concluded by saying: “As can be seen, even the most complex and bureaucratic areas perceive tokenization as an efficient way of doing business and finding new opportunities. This new model will grow a lot precisely because it facilitates processes and expands possibilities. So don’t be surprised what will happen in the future. The token revolution is just beginning!”.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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