Startup Funding Espresso – Applications for Tokens

Applications for Tokens

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Tokens work well in creating a digital representation of a physical asset.

Here are four applications for tokens:

Precious metals -- gold, silver, platinum and other precious metals can be difficult to handle in their physical form.

Tokenization can represent a block of precious metals making it easier to buy, hold, and sell it.

Fractionalization can break a large block into smaller pieces reducing the cost of entry.

Real estate -- land and property are good use cases for tokens.

Tokenization can represent the ownership of a property on a blockchain making it easier to track.

Blockchains provide a permanent record of all transactions and ownership.

Logistics -- supply chains are ideal use cases for tokenization.

All information related to a set of source materials, goods, and history can be tracked on the blockchain.

Everyone in the supply chain has visibility on all goods, transactions, and history.

Non-fungible tokens -- creates a digital representation of a physical object such as art.

The blockchain can facilitate the use of NFTs tracking ownership, rights, and other aspects of it.

Everything is moving online.  

Tokens can track the ownership, fractionalize the asset, and provide information about it online, speeding up the transaction.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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