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16 sats \ 0 replies \ @softglitter2d 30 May \ on: Could any form of “tokenization” make sense? AskSN
Tokenization, as we know it today, has more of a legal utility within our system.
At the international level, the law recognizes three types of tokens: a token (like a casino chip), which has a specific use; a token (like a bank PIN), which serves as an access credential; and tokens that hold economic value, which are referred to as digital assets.
Regarding the example mentioned, the OP has a point—tokenization today primarily serves to guarantee the immutability of a contract or object in the real world, preventing duplication of the object to be audited or verified. However, returning to the main point, these objects must be backed by a legal contract to facilitate legal processes.
I’m not against tokenization, but I don’t see much usability today unless the legal frameworks are adapted to support its use.