The combination of a blockchain data structure and a set of consensus rules allows something magical to happen: stateless, bankless, digital money (aka cryptocurrency). More precisely, what is loosely described as a cryptocurrency is a fungible “token” that is “native” to a blockchain. The major native tokens can be exchanged for the government-backed fiat currencies we are more used to, but smart contracts can create and maintain special-purpose tokens.
Advisor
Tokens and the Token Economy
Posted February 13, 2020 | Industry | Leadership |
About The Author
Philip Greenwood is cofounder and Managing Director of Ipseita, a consultancy that helps clients design leading-edge services, products, and tools for “trustless” systems. He is the originator of the Nymidy self-sovereign identity concept, which he has been developing since 2015. Mr. Greenwood is a technology strategist with extensive experience in the specification, implementation, and management of IT projects. He has worked for major clients… Read More
Mark Woodman is cofounder and CTO of Ipseita, a consultancy that helps clients design leading-edge services, products, and tools for “trustless” systems. He is codeveloper of the Nymidy self-sovereign identity concept. As Emeritus (Full) Professor of IT, Dr. Woodman uses his R&D skills when developing innovative solutions for clients, applies academic rigor to process design, and utilizes his educational experience helping others connect… Read More
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