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Tokenized Markets Using Blockchain Technology: Exploring Recent Developments and Opportunities
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Tokenized Markets Using Blockchain Technology: Exploring Recent Developments and Opportunities
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Journal Article
Tokenized Markets Using Blockchain Technology: Exploring Recent Developments and Opportunities
2023
Overview
The popularity of blockchain technology stems largely from its association with cryptocurrencies, but its potential applications extend beyond this. Fungible tokens, which are interchangeable, can facilitate value transactions, while smart contracts using non-fungible tokens enable the exchange of digital assets. Utilizing blockchain technology, tokenized platforms can create virtual markets that operate without the need for a central authority. In principle, blockchain technology provides these markets with a high degree of security, trustworthiness, and dependability. This article surveys recent developments in these areas, including examples of architectures, designs, challenges, and best practices (case studies) for the design and implementation of tokenized platforms for exchanging digital assets.
Publisher
MDPI AG
