Digital Asset Creator
Blockchain represents a paradigm shift in financial technology. This shift necessitates a corresponding adjustment in our business approach beyond what current tokenization models contemplate.
Blockchain technology drives efficiency through decentralisation and composability, which requires a unique control model based on economic incentives. The successful adoption of this technology needs to incorporate these aspects. But how? The ‘Digital Asset Creator’ is an initiative focused on providing an answer.
Web 3.0 Needs Blockchain 3.0
Blockchain 2.0, symbolising the era of tokenization, marked a significant advancement in digital assets. While some propose directed acyclic graphs (DAG) as a pathway to Blockchain 3.0, signalling mainstream adoption, the debate around DAG's decentralisation challenges persists.
The gradual uptake of blockchain suggests a need to refine data approaches, focusing on the data model rather than just the structure. Smart contract platforms like Ethereum offer flexibility, allowing for a deeper exploration of these concepts.
Enter the Digital Asset Creator concept, aiming to redefine how data is recorded and verified, enabling the full realisation of tokenization's potential benefits.
What is the Digital Asset Creator?
The essence of 'Digital Asset Creation' lies in recognising blockchain as a paradigm shift in banking and financial technology. This shift necessitates a corresponding adjustment in our business management approach for successful deployment. Strategic value in digital transformation hinges on resolving data standards and distribution challenges. Specifically for blockchain, this involves ensuring data integrity and establishing conditions for its deterministic nature.
We should consider adopting an inversed management approach, shifting from traditional broad strategic perspectives to a focus on the inner data construct. The effectiveness of blockchain in delivering its benefits is wholly dependent on these issues, marking a fundamental change in how we approach technology in the financial sector.
The detailed arguments and consequences to technical and business model approaches of tokenization will be further explored in an upcoming whitepaper titled: Digital Asset Creator - Genesis Story.
Stay tuned for more insights.