The Blockchain Center of Excellence would like to announce a new whitepaper written by BCoE Board Member, Chen Zur, and BCoE Director, Mary Lacity. The whitepaper is entitled “The Emergence of Web 3.0: Tokenization and the Internet of Value”. It explores basic tools and capabilities, including tokens and smart contracts, that make the emergence of an “Internet of Value” possible.
Abstract
Since the emergence of blockchain technology in 2009, with Satoshi Nakamoto’s launch of Bitcoin as its first real-world application, there have been many claims that this technology will “change the world”. At the heart of this claim lies the notion of blockchain technology’s ability to replace the current monetary system by using the public Internet to manage the exchange of value in a peer-to-peer manner rather than through trusted middleman on private networks. In this paper, we discuss the basis for this claim and the basic tools and capabilities, including tokens and smart contracts, that make the emergence of an “Internet of Value” possible. We discuss where we are, what has already been accomplished, and the road ahead.
Read the full whitepaper here.
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