What is tokenisation?
Tokenisation is a revolutionary technology that is transforming the way companies, entrepreneurs and professionals do business. It is a powerful solution that allows assets, rights and securities to be represented digitally through tokens, opening up a range of opportunities to optimise and improve business models across all sectors of the economy.
Imagine being able to fractionalise ownership of an asset, such as real estate or a work of art, and sell parts of that asset to multiple investors. Or being able to tokenise the copyright of a song and distribute the revenues automatically and transparently to the copyright holders. These are just a few examples of how tokenisation is changing the game.
In essence, tokenisation is the creation of a digital token that represents a real asset, right or value. These tokens can be traded, transferred and managed more efficiently and transparently than traditional assets. In addition, blockchain technology, which is the basis of tokenisation, offers features such as decentralisation, immutability and security, making this process even more robust and reliable.
The advantages of tokenisation for businesses, entrepreneurs and professionals
Tokenisation offers a number of significant benefits for businesses, entrepreneurs and professionals in the real economy. Let's take a look at some of them:
Access to new sources of funding
Tokenisation allows companies and entrepreneurs to access new sources of funding beyond traditional channels. By fractioning ownership of an asset into tokens, it opens the door to a broad base of investors who can acquire stakes in that asset. This makes it easier to raise capital, especially for projects or assets that would otherwise be difficult to finance.
Increased liquidity
Tokens represent assets that can be traded and marketed in a more agile and liquid manner than physical or traditional assets. This is because tokens can be easily divided, transferred and sold through digital platforms, which enhances the ability to generate profitability and manage cash flow.
Efficiency and process automation
Tokenisation makes it possible to automate a large number of processes, such as the payment of dividends, the distribution of income or the execution of contracts. This is achieved through so-called "smart contracts", which are computer programmes that execute autonomously when certain conditions are met. This results in greater operational efficiency, lower costs and a better user experience.
Transparency and traceability
Because tokens are based on blockchain technology, all token-related information (transaction history, ownership, valuation, etc.) is immutably and transparently recorded. This allows companies and professionals to improve the trust, accountability and traceability of their operations.
Splitting of assets
As mentioned above, tokenisation allows ownership of assets to be broken down into smaller pieces. This opens the door to new investment opportunities and access to assets that were previously inaccessible to many investors. For example, a company could tokenise ownership of real estate and sell shares to multiple investors, allowing them to access this type of asset more affordably.
New business models
Tokenisation creates opportunities to develop new business models and innovative ways of generating value. For example, a company could tokenise its products or services, allowing customers to acquire and use those tokens more efficiently. Or a startup could launch a token that grants its holders certain rights or benefits, such as preferential access to products or services.
Examples of the application of tokenisation in the real economy
Tokenisation has a wide range of applications in different sectors of the economy. Let us look at some concrete examples:
Primary sector (agriculture, mining, fisheries)
In the primary sectorIn addition, tokenisation can be used to represent ownership or rights to exploit natural resources, such as agricultural land, mining sites or fishing concessions. This allows companies and entrepreneurs in this sector to fractionalise and trade these assets, facilitating access to new sources of finance and improving liquidity.
In addition, tokenisation can be used to tokenise the production of primary goods, such as crops, minerals or fish catches. This allows producers to distribute and market their products more efficiently, optimising the supply chain and ensuring traceability.
Secondary sector (industry and manufacturing)
In the industrial and manufacturing sector, tokenisation can be applied to represent ownership of productive assets, such as machinery, production lines or industrial plants. This facilitates access to finance, modernisation of equipment and optimisation of production processes.
In addition, tokenisation can be used to represent the production and inventory of manufactured goods, which allows for more efficient management of the supply chain and better production planning.
Tertiary sector (services)
In the services sector, tokenisation offers multiple applications. For example, in the real estate sector, assets (such as buildings, flats or land) can be tokenised, facilitating the investment and management of these assets. In the financial sectorThe tokens can represent credit claims, shares, bonds or investment funds, improving the liquidity and accessibility of these instruments.
In addition, in the professional and creative sectors, tokenisation can be used to represent royalties, royalties or shares in projects, allowing for a fairer and more transparent distribution of revenues.
The role of emerging technologies: IoT and AI
Two technologies that are closely related to tokenisation and can further enhance its benefits are the Internet of Things (IoT) and Artificial Intelligence (AI).
Internet of Things (IoT)
IoT enables a wide variety of devices, machines and physical assets to be connected and monitored remotely and in real time. When combined with tokenisation, this opens the door to new possibilities:
- Tokenisation of physical assets: IoT sensors can collect real-time data on the status, usage and location of assets, enabling more accurate valuation and more efficient management of the tokens that represent them.
- Automated payments: Smart contracts linked to tokens can execute payments automatically and autonomously, e.g. when certain conditions for the use of an asset are met.
- Supply chain optimisation: IoT and tokenisation integration can improve transparency, traceability and efficiency of processes along the supply chain.
Artificial Intelligence (AI)
For its part, AI can play a key role in the management and analysis of data generated by tokens and tokenisation. Some applications of AI in this context include:
- Asset valuation: AI algorithms can analyse real-time and historical data on tokenised assets to generate more accurate valuation models.
- Fraud and anomaly detection: AI can monitor transactions and token-related activity to identify suspicious patterns and prevent potential fraud.
- Automated decision-making: Smart contracts linked to tokens can use AI models to make decisions autonomously, such as executing payments or allocating entitlements.
Tokenisation: An imperative for businesses, entrepreneurs and professionals
As technology advances and markets become increasingly competitive, tokenisation is becoming an imperative for businesses, entrepreneurs and professionals in the real economy.
Organisations that do not adopt this technology in the next three years will face serious difficulties to survive in the market. Lack of competitiveness and the inability to optimise resources will be determining factors that will jeopardise the viability of traditional business models.
Tokenisation offers a significant competitive advantage by enabling companies and professionals to access new sources of funding, improve operational efficiency, increase transparency and develop new business models. Those organisations that are able to take advantage of these opportunities will be better positioned to thrive in the current and future economic environment.
It is therefore crucial that business people, entrepreneurs and professionals in the real economy understand the importance of tokenisation and start implementing this technology in their business models. Those who manage to adapt and adopt tokenisation will have the best chance of surviving and thriving in an increasingly competitive and digitised market.