Week 34

Main crypto currency coins next to each other: Bitcoin, Litecoin, Ripple, Monero, Ethereum. Source: Getty

How Did Tokens Come To Be — The History Of Tokens

Some of the earliest tokens used in the past were beads, shells and stones. Gradually, as technology began to advance, so did tokens too — with the advent of metal coins that had very intricate designs that were hard to forge.

Ancient cowries from China made of shell, bone, and bronze, From:https://hillerdrygoods.com/blogs/news/the-shilling-blanket-story
Source: https://bristolpride.co.uk/wp-content/uploads/2019/04/Wristband-Exchange-900x600-c-default.png

The Next Evolution Of Tokens

Cryptographic tokens essentially combine all the underlying properties of regular tokens and link them together with a blockchain network, a wallet software and a blockchain address.

What Is The Right Cryptographic Token For My Business?

When thinking of tokenising a service or a part of a business, what are the considerations that should be made in order to design the right token?

  1. The rights to an asset you own
  2. Access rights to the services that someone is providing
  3. The ability to vote

Final Words

These considerations that Adriel has listed above are good starting points, but things like regulatory concerns are very much complex and such topics will require further discussion in order to achieve a better understanding of the landscape.

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