Johannes Schweifer is the CEO and co-founder of blockchain infrastructure company CoreLedger.
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While the market sentiment may be bearish, these times become an opportunity for builders and innovators to focus on how to drive meaningful progress with blockchain technology.
Although NFTs amassed USD 14.1bn over the last year, there remains great untapped utility for tokenization beyond a JPEG or spreading meme culture. An example is tokenizing real estate to enable millennials to access the exclusive market, or tokenizing carbon credits in a move to combat climate change and create meaningful social and environmental impact.
This is just the tip of the iceberg, as there are various other applications of blockchain technology — while not all of them are new, we are seeing more progression of the use cases in collaboration with regulatory and government bodies. However, further education and simplification are essential to bringing about a perception shift to maximize their effectiveness, real-world utility, and impact as they pick up more traction.
So beyond the speculation and hype, where exactly are real-world use cases of blockchain being developed? From disrupting real estate to reducing ecological footprints of trade through 3D printing, here are some of the key examples of how blockchain for enterprise is faring as Web3 becomes a reality of our future.
Copyright protection and Intellectual property rights (IP)
NDAs, land rights, tenancy agreements, and other legal documents are often shared in print form to ensure confidentiality and immutability. As tokenization allows any asset to become accessible and tradeable on the blockchain, this makes the recording of data far more secure than existing systems. Through blockchain notarization, businesses can utilize tokenization while ensuring stronger digital security and safe transferring of data.
A digital fingerprint or…
