Blockchains & smart contracts have made it easy for anyone to create a token with just a few lines of code. Dr Shermin Voshmgir, director of the Research Institute for Crypto Economics at the Vienna University of Economics and the founder of BlockchainHub in Berlin will be outlining the use of tokens at the IFA+Summit. We asked her to tell us a little more.
Tokens can represent anything from an asset to an access right, like gold, diamonds, a fraction of a Picasso painting or an entry ticket to a concert. They could also be used to reward social media contributions, incentivise the reduction of CO2 emissions, or even one’s attention for watching an ad. While it has become easy to create a token, which is collectively managed by a public infrastructure like a blockchain, the understanding of how to apply these tokens is still vague. This talk will explain why tokens, as an application of Blockchain and derived technologies, might be as revolutionary as the emergence of the WWW as an application of the Internet.
TOKENS, (…) MIGHT BE AS REVOLUTIONARY AS THE EMERGENCE OF THE WWW
What would you say is the “killer application” of blockchains and smart contracts?
I recently published a book called “Token Economy” where I explain how tokens are the killer app of blockchains and smart contracts. Tokens are for the Web3 what Websites were for the Internet. They might be as revolutionary as the emergence of the WWW as an application of the Internet. HTTP and HTML allowed us to create visually appealing web pages with just a few lines of code, and surf the Internet following links, instead of using command-line interfaces. It has become just as easy to create a token with a few lines of code.
Blockchain and the Future of Interaction
Date: Sunday 8 September
Time: 3:00 pm
Location: Hall 26b – GRAND THEATRE
Photo: Dr Shermin Voshmgir, Director of the Research Institute for Crypto Economics at the Vienna University of Economics & Founder of BlockchainHub in Berlin