The Accountant Quits Podcast Episode 9 | Sabrina Boudefar on An Introduction Into Tokenization
Imagine owning a piece of the ‘Mona Lisa Painting’ or the ‘Colosseum’ in Rome?
No I’m not saying you would have to invest your life savings into them, but any amount you desire. $10 , $1000, it’s up to you.
With blockchain, you will have the ability to convert a physical asset into its digital form, and be able to fractionalize the asset for trading.
Imagine a world where you can tokenize anything - not only the traditional assets like stocks, bonds, commodities and real estate.
But also more exotic assets like art, wine, cars, sports teams.
It’s a use case of blockchain I’m incredibly excited about but have an extreme ignorance of how it’s being done in practice.
To learn more about tokenization, I speak to Sabrina Boudefar, a blockchain advisor and tokenization expert who has founded STOk Capital.
If you are new to blockchain, consider this episode as a tokenization 101 class, where you will learn;
- What tokenization really means and how real world assets can be moved onto a blockchain;´
- What makes tokenization appealing to low to mid income investors with fractionalization;
- Use cases of tokenization already on the market today;
- What are NFTs and their uses cases other than art collectibles;
- And much more.
This episode is brought to you by AuditChain - the world's first decentralized continuous audit and real time reporting protocol.
Traditional audit methodology focuses on “materiality”, not accuracy. We are constrained by time and cannot audit 100% of the transactions, and therefore we perform sampling.
AuditChain decentralizes audit and uses an independent assurance methodology that automates auditing tasks, and continuously audits 100% of the transactions.
With AuditChain, Chartered Accountants and professionals will write and own Process Control NFTs that automate internal and disclosure controls, where these NFTs pay royalties in return.
With more and more automation, accountants will increasingly find themselves becoming redundant. If you are a forward thinking CPA or Chartered Accountant, and want to participate and be in touch with the latest developments from AuditChain in decentralizing the audit profession using blockchain, you should apply for membership by visiting DCARPE Alliance.
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For show notes and past guests, please visit theaccountantquits.com/podcast/
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