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Dr Pavel Kravchenko holds a PhD in technical sciences and is the founder of Distributed Lab.

In this opinion piece, the first of a two-part series, Kravchenko argues that tokenization of assets using blockchains will have more profound effects on the world’s markets than simply reducing back-office record-keeping costs.

Would you swallow a random pill that you saw on the counter in the pharmacy? Of course not. You don’t know anything about it!

But what if this pill came in a package with details from the manufacturer? And you had a prescription from your doctor? Further, what if you could independently test the pill’s chemical composition and make sure it matches the label and prescription? Or (flash forward to 2049), suppose you could verify that the chemical composition of the tablet is suitable for your DNA and confirmed by clinical studies.

Read the full article:

Assets Will Be Tokens (And It Will Change Finance)

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