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Edward Woodford, CEO and Co-Founder of Zero Hash, discusses major crypto use cases like payments, tokenization, remittances, and more. He also covers the US regulatory landscape, challenges in crypto adoption, and the fast-paced nature of the crypto market.
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Quick takeaways
- Tokenization can streamline industries and increase economic incentives for creators by leveraging smart contracts and blockchain technology.
- Cryptocurrencies offer alternative payment mechanisms that can revolutionize the global payments industry, including faster and cheaper cross-border transactions and streamlined payroll processes.
Deep dives
Tokenization and its Potential Use Cases
Tokenization is seen as a hot topic and has gained the interest of traditional finance. The ability to tokenize assets, such as real estate or securities, offers the opportunity to reduce intermediaries and costs. Tokenization can also enable new markets, such as the authentication of sneakers through NFTs. By leveraging smart contracts and blockchain technology, the transfer of ownership can occur on-chain, eliminating the need for middlemen. Tokenization has the potential to streamline various industries and increase economic incentives for creators.
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