Fun

News Feed - 2023-09-17 05:09:01

Ana Paula Pereira3 hours agoInsurance, agriculture, and real estate: how asset tokenization is reshaping the status quoDuring a panel moderated by Cointelegraph editor-in-chief Kristina Lucrezia Cornèr at Swiss Web3 Fest, industry experts provided insights into how tokenization is enabling solutions never seen before.608 Total views6 Total sharesListen to article 0:00NewsJoin us on social networksThe Boston Consulting Group estimates the tokenization of real-world assets couldbecome a $16 trillion industry in the coming years. Its impact, however, goes well beyond financial figures, and can help people in developing countries to find new ways to deal with real-world problems.


During a panel moderated by Cointelegraph"s editor-in-chief Kristina Lucrezia Cornèr at Swiss Web3 Fest, industry experts provided insights into how tokenization can be applied to real-world assets, and how it is enabling solutions never seen before.


"Our farmers, in Kenya, receive their payouts days after the harvesting season ends. If they have less yield than expected, then they receive a payout immediately. In the traditional insurance space, they need to wait six months. And that can mean the end of a family"s business," explained Christoph Mussenbrock from decentralized insurance protocol Etherisc about tokenization solutions for agricultural production.Meet our speakers for the "Real World Assets" panel:

@KristinaLCorner - Cointelegraph

Jose Fernandez -@TheTokengate

@liesdorn -@etherisc

@CFernandezMazzi - #Finka

Stephan Rind - BRICKMARK

FIVE Zurich

https://t.co/F0jSQL2uvl@CryptoOasisUAE @dfinity pic.twitter.com/jbZaSKg5pZ— WEB3FEST (@web3fest_int) September 16, 2023


According to Mussenbrock, there"s an increasing demand from traditional insurance companies for on-chain solutions. "This is currently happening as we speak. That is a huge change. We see that traditional insurance companies are somehow dipping into this."


Stephan Rind, from BrickMark Group, noted that asset tokenization can deliver access to financial products that are currently unavailable to most people, thus helping to close a gap in wealth distribution.


"Number one in financial inclusion, obviously you can have a number of participants that can participate in a financial instrument, and you have the democratization of capital [...] everything from real estate to animals, to all the things that you can have in traditional finance, that could actually be tokenized and represented in a digital financial instrument," Rind commented.


Carlos Mazzi, from Finka, shared his experience of tokenizing La Pradera, a cattle ranch in Bolivia with 3,000 hectares of grassland and over 3,500 cows. "We tokenize the value creation of what we call from grass to cash. It"s the tokenization of value creation. The conversion of grass into protein, and into cash through a great nature given machine, which is a cow. We were early pioneers and this was very challenging [...] it represented a lot of financial engineering, legal framework, etc. to create a revenue token. So it has been fantastic [...] The only thing that has not developed the way we anticipated is the market adoption, and it"s a systemic issue that, we hope, will be corrected eventually."Tokenized ranch La Pradera in Bolivia. Source: Finka Gmbh


The adoption issue will be overtaken by central bank digital currencies (CBDCs), believes Rind. "It will create billions of people in the world which have a wallet," he noted, adding that regulation will also unlock more capital into asset tokenization.


"We believe that in ten years" time most people will be interacting with Tokens on a daily basis, whether they know it or not," added Jose Fernandez, from Tokengate.


Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in# Blockchain# Bolivia# Business# Real Estate# TokensAdd reactionAdd reactionRead moreHow to use index funds and ETFs for passive crypto incomeHow to identify and protect against routing attacks on the Lightning NetworkWhat are address poisoning attacks in crypto and how to avoid them?

News Feed

Dolce & Gabbana to Launch High Fashion-Inspired NFT Collection in Venice
Dolce & Gabbana to Launch High Fashion-Inspired NFT Collection in Venice This week the Italian luxury fashion house founded in 1985 in Legnano by Italian designe
Martin Young6 hours agoAnalysts tip 5 catalysts that could break Bitcoin, crypto from its stuporAnalysts believe spot Bitcoin ETFs, new stablecoin adoption, and an upcoming Ethereum scaling upgrade are among the catalyst
Crypto investment products see outflows for second consecutive week — CoinShares
Ana Paula Pereira5 hours agoCrypto investment products see outflows for second consecutive week — CoinSharesBitcoin funds led outflows among crypto investments over the past week, with $192 million exiting the market a
India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit
India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it h
Biggest Movers: Monero, Cosmos Slip on Thursday, as Crypto Economy’s Red Wave Returns
Biggest Movers: Monero, Cosmos Slip on Thursday, as Crypto Economy"s Red Wave Returns With cryptocurrency markets falling on Thursday, XMR and ATOM were two of the biggest movers d
Bitcoin Mining Operation Being Sued for Producing High Noise Levels in Tennessee
Bitcoin Mining Operation Being Sued for Producing High Noise Levels in Tennessee A bitcoin mining operation in Tennessee is being sued by neighbors due to the high level of noise t
Majority of Institutions to Hold Digital Assets in Near Future, Survey Suggests
Majority of Institutions to Hold Digital Assets in Near Future, Survey Suggests Most institutional investors look forward to adding digital assets to their portf
Ana Paula Pereira7 hours agoVanEck to donate 10% profits from Ether ETF to core developersThe Protocol Guild, a team of over 150 Ethereum core developers, will be the beneficiary. VanEck argues that asset managers should
Q-Day approaching: Can Ethereum survive a quantum emergency?
Daniel Ramirez-Escudero10 hours agoQ-Day approaching: Can Ethereum survive a quantum emergency?Quantum computing is the next most significant disruptive technological leap and its rapid evolution and funding will soon ma
PlanetQuest and Immutable X Launch Community Friendly NFT Planet Sale
PlanetQuest and Immutable X Launch Community Friendly NFT Planet Sale press release PRESS RELEASE.In a radically different approach to handling an NFT sale, PlanetQuest, has just la
Dogecoin Whales Buy 800 Million DOGE in 48 Hours – Smart Money Or Bull Trap?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Crypto VC sees a ‘new class’ of profitable memecoins this cycle
Tom Mitchelhill3 hours agoCrypto VC sees a ‘new class’ of profitable memecoins this cycleA new class of memecoins that capitalize on politics, religion and successful consumer brands could end up going more “viral