The value of blockchain is shaping up: an infrastructure layer that enables companies to turn goods into tokens and then trade and settle them. All of this without changing any of the company’s current information management systems.
Blockchain becomes a shared “dropbox” in which all parties trust the validity of the data stored in this virtual drive. Data represent physical assets (e.g., goods, invoices, bills of lading, land). Data is then “tokenized”, and tokens can be exchanged as
if they were physical currency (i.e., coins). The value of the coins is guaranteed by the value of the underlying asset.
Peer-to-peer exchange becomes then possible because the parties recognize the value of the underlying asset and are ready to trade and settle it by simple “drag and drop”.