31 October 2018 – CoinGeek is pleased to announce a winner in its £5 million contest to find the leading tokenisation solution for the Bitcoin BCH blockchain. The winning project is “Tokenized,” an on-chain token system designed exclusively for the BCH network and proudly using the original “Satoshi Vision” design of Bitcoin. The Tokenized team is James Belding, Samuel Georges, Scott Barr, Farid Uddeen, and Brendan Lee – from Australia and Singapore.
Tokenized combines capabilities of the existing BCH protocol with a standard open-source smart contract that is lower cost, more expressive, and more secure than any other system today. With Tokenized, it is now possible for anyone in the world to create and operate their own smart contract on the BCH network using customizable terms and conditions. They can then use the smart contract to facilitate the issuance, management, and exchange of tokens that represent real-world assets.
The Tokenized protocol enables creation and exchange of many kinds of useful tokens, including:
• financial assets, such as common and preferred stock, fixed-rate bonds, floating-rate notes, futures, forwards, swaps, options, exotic derivatives, currencies, asset-backed securities, collateralized debt obligations;
• tickets for movies, events, air travel, transportation, and other activities
• credit and point systems (coupons, loyalty points, carbon credits, memberships);
• licenses.
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