Today at the
World Economic Forum (WEF), its Head of Blockchain & DLT, Sheila Warren chaired a
panel exploring blockchain
tokenization. Jeremy Allaire, the CEO of Circle, gave a metaphor for tokenization as enabling the long tail of capital.
He pointed to the early days of the internet, where nobody imagined there would be an industry in creating cat videos. Without mentioning Etsy or eBay, he pointed to the trust mechanisms that were created to allow us to buy goods with confidence, sometimes hand-made, from complete strangers.
“Risk and reputation systems and efficient logistics and discovery platforms that made it possible for a very, very, very long tail of product creators to reach consumers,” said Allaire.
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Image Copyright: WEF
