TOKENIZATION OF ASSETS

in hive-183397 •  2 years ago 

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The scale of what is happening in AI and how fast that came, was the fastest adoption of any product. I don't know what time it will be but if you wait too long you will not be ready, somebody else will eat your launch. The Artificial Intelligence Chatbot from open AI, Chatgbt went from zero to 11 million users in just 20 days. The fastest-adopted technology we have ever witnessed and it has sent Microsoft and Google scrambling into an all-out war over AI. It's just a matter of time before the exact same scenario plays out in another exponential technology, cryptocurrency, and blockchain. Despite hearing over the last ten years that artificial intelligence was coming and would change everything, once Chatgbt did arrive, it still shocks everyone.

Web3 unable distributed networks of people and people can share in the success of that network. Imagine if Morgan Stanley had tokenized their client, now your clients and you share in the success of the business because the value of the network is driven by the number of connections between the people on the network. Everybody benefits from the network and it is a simple concept behind web 3 which alignment of interest and the remover of middlemen at the center of everything. That doesn't mean they play a role, they can be the facilitator, the organizer, and the creators of ideas.


Tokenization just makes it easy to authenticate every individual in the network. If you think of a share, it is hard difficult to authenticate but tokenization of the asset has instantaneously become your identity. It is a complete change in the global business model and how behavioral economic fits into modern society and people and people don't understand it because they think it is about cryptocurrencies. Cryptocurrencies are the value of the network upon which it is. Of course, they go up and down a lot because of this network and you. But imagine if you owned a token of the entire global value which is the mobile phone, that will be worth trillions of dollars. There are so many ways that we haven't even started that we can do with smart contracts and tokens. A smart contract is a code that settles the contract, it tells you the rules of the contract and how it is settled.

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