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RE: Tokenizing the modern data economy

in #blockchain7 years ago (edited)

Blockchains can be used for a wide variety of applications, such as tracking ownership or the provenance of documents, digital assets, physical assets or voting rights.
Blockchains are interesting because the integrity of the contents of the distributed ledger does not rely on any specific individual or organisation. So, rather than relying on trusted third-party organisations to facilitate these commercial transactions, we might instead rely on a trusted blockchain system.

This means blockchains give us new opportunities to rethink how parts of our society work. Innovation here might reduce friction in the economy, or create new kinds of services and ways of doing business with each other.
Quadrant "a blockchain-based protocol" that enables the access, creation, and distribution of data products and services with authenticity and provenance at its core. The data economy is similar to space; unmapped and chaotic. Quadrant serves as the blueprint that provides an organized system for the utilization of decentralized data