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A live demonstration of what tokenization means for digital finance



Source: AZ Blockchain

There is a lot of talk and excitement about how blockchain tokenization can change the way digital transactions happen. However, so far, there is very little that any interested party can tangibly see for themselves…

…until now. This Friday (October 9th) you can see a live demonstration of what Tokenized Founder and CEO James Belding for a live demonstration – and sneak preview – of, Tokenized; a platform for implementing tokens, smart contracts, and more on the blockchain.

James Belding is an engineer, entrepreneur, and ardent supporter of Satoshi Nakamoto’s original vision for Bitcoin. He is the creator of the Tokenized Protocol, an open-source token and smart contract system for the Bitcoin SV network. He is committed to building universal and easy-to-use tools that help make Bitcoin’s value accessible to society at large.

The Tokenized Protocol is an open-source application layer protocol that utilizes the Bitcoin SV network for passing and storing messages. The protocol focuses on data (aka records) captured from financial, legal, commercial, and accounting activities for all types of legal entities and ownership structures. It aims to replace current financial messaging (eg. bank to bank (SWIFT), security exchanges (FIX), and fiat payment systems (credit cards, e-money, etc.), as well as other EDI standards like X12, etc. However, it also provides the framework for issuing any kind of token for any type of use case.

The protocol utilizes smart contracts, tokens, registers, and messages as the building blocks to provide users and issuers with all of the tools required to manage their financial and legal lives in a more secure, private, and low-cost way – while at the same time providing streamlined user experience.

Disclaimer: This is a paid post and should not be considered as news/advice.

Biraajmaan covers market trends of major cryptocurrencies. As a graduate in engineering, his interests lie in Blockchain technology. With over a year as a journalist, his articles focus on US and UK markets.

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