Cointelegraph at the worldtokensummit Dubai discussing tokenization with Jeremy Firster, Ellis Wang and Meng Chan Shu.
At the recent World Token Summit 2023 event held in Dubai, a panel discussed how the adoption of tokenization can be scaled further through various tools like address tracking and forensics analysis.
The group explored various topics relating to tokenization. These included the benefits brought about by the digitalization of assets and the challenges that organizations may face in navigating the realm of tokenization.Kicking off the panel, Firster highlighted that tokenization’s benefits are found in utility creation. According to the executive, tokenization brings value by providing a tool for access, fund distribution and fragmentation of assets.
Contributing to the topic, Wang, who also previously worked in the banking sector, highlighted that some of the main benefits of tokenization are transparency and security, which are inherent features of blockchains. By putting records within the blockchain, the executive believes that tokenizing real-world assets naturally gives them various advantages like the flexibility brought about by smart contracts.
Adding to the conversation, Firster said that forensic analysis can really help scale adoption. The executive said that the space reached a point in time where address tracking to very large entities is possible. He explained that:
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