Tokenization will transform the entire web into the world's biggest "Securities exchange"

Reading that quote gives me goosebumps, especially when thinking about SMTs and Steem.
But wait, it gets better...

This was a quote retweeted by Dan Nathan of Fast Money on CNBC:

The first quote was articulated by the President of 21.co, Balaji S. Srinivasan, on CNBC back on September seventh.

The correct quote can be perused here:

"All things considered, in respect to existing auxiliary markets in either property (like houses) or values, the size of what is occurring with the token market is unparalleled. It's one thing to have a cluster of little optional markets; it's very another to transform the web itself into a market. Anybody with a web association can buy a token. See shapeshift.io (or steem SMT) for an awesome case of this.

The ascent of all these new tokens and open blockchains implies the web will, in the long haul, progress toward becoming by a wide margin the greatest "securities exchange" - once the administrative issues are worked through - similarly as it has turned into the greatest library."

(aside from that part about Steem and SMT, I included that part) :)

In any case, Stunning!

The whole discharge can be perused here:

https://www.cnbc.com/2017/09/05/balaji-srinivasan-21-co-meet on-blockchain.html

We should separate that a bit...

Essentially he is saying that what is in regards to happen is unprecedented, fundamentally since the production of the web. There are huge amounts of different markets out there, some of which are expansive, however this could make the whole web a commercial center. One simply holding up to be tokenized.

Which is another motivation behind why these things will be so difficult to control. On the off chance that two individuals have a web association there can be a token exchange. Keeping in mind the end goal to close it down, the web should be closed down.

The enormous thing will be ensuring all these new tokens are not securities, that is one of the greatest things the SEC is taking a gander at. On the off chance that they are securities there is an entire host of directions that will be joined to them.

Essentially as long as the token has an utility behind it, it won't be viewed as a security.

What can be tokenized?

As indicated by Balaji, tokenization will be most firmly identified with rare resources. Anything that is rare, for some reason, will be tokenized.

Today the most suitable thing to tokenize is something that is simply advanced.

In any case, by 2025-2030 Balaji feels that there will be purviews that permit the tokenization of essentially any rare asset, including individual tokens.

At that point you may have the capacity to take a stake in a person's tokens by giving them a singular amount of computerized money today in return for some shrewd contract implemented level of future income on pretty much anything.

Need to get some of Steph Currie's future income as a b-ball player? You very well might have the capacity to do that sometime in the not so distant future.

Really energizing ehh?

The dam is breaking, the stampede is coming, do you hear it?

Stay informed my friends.

Sources:

https://www.cnbc.com/2017/09/05/balaji-srinivasan-21-co-interview-on-blockchain.html