Youtube
Twitter
Linkedin
Slack
CRYPTOMARKET

The Inevitable Rise of The Token Economy

  • by Ismail Malik
  • October 24, 2017
  • 0

Financial collapses, most recently the 2008 crash, have left a long lingering mistrust of traditional financial institutions, which in turn spawned Bitcoin’s origin in 2009 and the associated Blockchain, with the explicit purpose mentioned in the first paragraph of the original Satoshi Nakamoto white paper, to allow two people to send money to each other without a bank involved.

Parallel to that, there has been a major revamping around how we do security, and skyrocketing demand for much better ways to handle identity, authorization, verification and validation. The power and potential peril from hackers, including state-sponsored actors (such as TITAN RAIN), has driven demand for the type of security and “unstoppability” of Blockchain software.

The largely decentralized nature of the Internet of Tokens has allowed for a rapid movement of ideas and intellectual property and funding to realize these, in parallel with high quality academic research that is useful (for a refreshing change) to business and technology.

All of these are part of creating a new platform for a more sophisticated economy. (Think of the sort of “platform” or game board you would need to play 5-D chess). Instant messaging, especially Telegram, and an astonishing “operating tempo” or high frequency of global Blockchain conferences (I have attended over a dozen cryptoconferences in the last two months and I am not unusual), enables extremely rapid innovation and early adoption.

And the massive returns on investment has provided the gas to fuel excitement and ditching old careers and quitting existing jobs and selling assets to be able to fully devote one’s time and resources to the cryptoeconomy has enabled an astonishing rate of creation, staffing, and coordination of teams to quickly respond to every emerging opportunity.

This creates a TSUNAMI OF OPPORTUNITY for tokenization of everything, and the Internet of Tokens as the newest megatrend and a deeply embedded and irreplaceable culture to deliver on the promised almost-science-fictional potential of the decentralized economy, to supersede the slowing Web 2.0 that has been the main business story of the last 10 years.

We are already witnessing the early signs of agile and nimble national economies and sectors and the rise of the token economy, which you can read about exclusively here in this issue of ICO CROWD magazine in Alex Lightman’s Internet of Tokens piece, the first column for our first columnist.

As publisher, I think that the Internet of Tokens will be a dominant feature of the global economy for at least the next decade, and that all executives, entrepreneurs, policy makers, elected officials, and journalists, even scientists and especially economists and bankers, will need to invest the time and make the effort to understand, as the Internet of Tokens is going to touch and change everything.

I am proud that ICO CROWD, the Disruptive Investors Magazine, is able to offer our readers, who are the first 1% innovators and 2% early adopters as defined by the Stanford Values and Lifestyles curve used to analyze market adoption rates, thought leadership and a front row seat to see the trillion dollar opportunities at the cutting edge of the cryptoeconomy, powered by increasingly useful Blockchain software and businesses.

  • facebook
  • googleplus
  • twitter
  • linkedin
  • linkedin
Ismail Malik is Editor in Chief ICO Crowd Magazine.