We do not have to go back far in time to when blockchain technology was described as innovative and futuristic. Today, the use of blockchain technology is already fully established in a wide variety of sectors. With this rapidly increasing interest in blockchain, the understanding and implementation of tokenisation has also changed at a rapid pace. After all, tokenisation has established itself as one of the most promising tools of our now digitised world. The question of why tokenisation is definitely the future has therefore already been answered according to many experts, but it is good to think about the factors that will influence how tokenisation will look in the future.
Origin of tokenisation
For the origin of tokenisation we have to go further back in history than you might initially realise. The very first applications of tokens (in this case in their primal form) take us back to the British Empire who lived in the period from the 17th to the 19th century. The tokens used at that time served as an alternative to the coins we know today and changed hands when buying things or providing services. Giving value to specific objects of exchange, in the form of tokens, was as clear as day.
Modern forms of tokenisation
We are making a huge leap in time to the period just before our current era. What few people realised is that a form of tokenisation was already being used at a relatively early stage. Vaultless tokenisation has been used for a long time for securing personal data The introduction of blockchain technology has ensured that many more modern forms of tokenisation have been developed and that tokenisation has become much more widely known to many people. after all, over time the tokenisation concept has penetrated the domain of online commerce. Think of the emergence of the use of platform tokens, utility tokens, governance tokens and non fungible tokens (NFTs). Read more about the different forms of tokenisation. The marketing of digital currencies is one of the important future developments of tokenisation, but this is certainly also the case with regard to the marketing of NFTs. In addition, tokenisation is an application to break down the value of assets into smaller parts, making investment much more accessible and not just reserved for the more affluent part of the population. The latter is exactly what immotokens is trying to achieve with investment property.
How future-oriented is tokenisation?
Blockchain-based tokenisation offers a transparent, secure and, above all, progressive approach to managing an asset that has value. The conclusion can be drawn that blockchain makes an important contribution to the decentralisation of processes. It overcomes the current practical problems of bureaucracy, manipulation, the use of complicated systems, inexplicable decision-making and the unequal distribution of benefits. With this, we want to indicate that blockchain-based tokenisation meets many current needs and removes objections. The decentralisation of processes thus ensures considerable efficiency. The above alone shows how future-oriented tokenisation is. Moving away from this type of process should be seen as a step backwards in the development of society, but we are obviously talking about a practically impossible option here.
To give an example of the above, tokenised assets can now also represent partial property rights. This is something that was thought impossible in the past but is needed in today's society. It is a practical way of filling the gap left by the traditional financial market. Many financial institutions nowadays charge money for managing savings. In the past, a considerable interest rate was paid for this. The result is that using a savings account is no longer an option to get a return on savings. As a result, many people have started looking for alternatives. The investing in real estate is an excellent option here. In the past, this option was inaccessible to many people because they were financially unable to make a large investment. Thanks to tokenisation, this option is now possible and many people are making good use of it. Read more about the impact of tokenisation on assets.
The scope of tokenisation
The scope of tokenisation is enormous. Tokenisation is widely applied in healthcare (think of the use of personal health records and pharmaceutical deliveries), in finance, asset management, real estate, insurance, the arts and in the trading of other digital) collection projects. The future will therefore undoubtedly be characterised by the increasing possibilities of tokenisation in relation to intangible factors such as time, ideas and skills. Read more here concrete tokenisation projects in Belgium
Conditions of applying tokenisation
The above indicates that tokenisation can be applied much more in the future and it seems no doubt that this will actually happen. There are, however, a number of conditions that have to be met when applying tokenisation. Aspects such as a lack of trust, the lack of transparency, the lack of regulation and the lack of the necessary infrastructure are important conditions for the application of tokenisation.
These conditions (partly formulated on the basis of the end user's requirement pattern) show that by no means every organisation can switch to a tokenised offering from one day to the next. Immotokens has given all these aspects the attention they require in order to optimally meet all the conditions mentioned. We do this by offering our users a user-friendly but above all optimally secured digital environment and by being fully transparent with regard to the investments. We also ensure that the legal and fiscal aspects of these forms of tokenisation are always clear. Immotokens is an open and accessible platform where we can offer the making real estate investment accessible to all.
Do you have any questions about our offer and/or are you interested in discussing the possibilities with us, without any obligation on your part? Then feel free to contact us.
