Authors :
Alwin K Scaria; Teena Tomy; Shinu Shaju; Prince Abraham
Volume/Issue :
Volume 6 - 2021, Issue 7 - July
Google Scholar :
http://bitly.ws/9nMw
Scribd :
https://bit.ly/3x4nIyF
Abstract :
The introduction of blockchain technology has
revolutionized the concept of decentralization, which is
testing our preconceived notions about present social,
political, and economic institutions. The rapid growth of
this technology aids in unifying the world. The industrial
age's centralized economic model is largely designed to
generate profit for its proprietors.
An economy can be built around a community that
provides services by tokenizing assets. The token
represents the value of the service provided in that
economy. Instead of being determined, measured, and
administered for them by a central power, a decentralized
economy allows communities to define what they value.
Thus, shifting the locus of power outside to the individuals
who keep these economies running.
Keywords :
Tokenization, Bloc Network, Explorer
The introduction of blockchain technology has
revolutionized the concept of decentralization, which is
testing our preconceived notions about present social,
political, and economic institutions. The rapid growth of
this technology aids in unifying the world. The industrial
age's centralized economic model is largely designed to
generate profit for its proprietors.
An economy can be built around a community that
provides services by tokenizing assets. The token
represents the value of the service provided in that
economy. Instead of being determined, measured, and
administered for them by a central power, a decentralized
economy allows communities to define what they value.
Thus, shifting the locus of power outside to the individuals
who keep these economies running.
Keywords :
Tokenization, Bloc Network, Explorer
