Tokenized Markets Using Blockchain Technology: Exploring Recent Developments and Opportunities

The popularity of blockchain technology stems largely from its association with cryptocurrencies, but its potential applications extend beyond this. Fungible tokens, which are interchangeable, can facilitate value transactions, while smart contracts using non-fungible tokens enable the exchange of d...

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Bibliographic Details
Published inInformation (Basel) Vol. 14; no. 6; p. 347
Main Authors Juan, Angel A., Perez-Bernabeu, Elena, Li, Yuda, Martin, Xabier A., Ammouriova, Majsa, Barrios, Barry B.
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 01.06.2023
Subjects
Best practice
Blockchain
Case studies
Crypto-currencies
Cryptography
cybersecurity
Data mining
Design
digital assets
Digital currencies
Digital signatures
Exchanging
Non-fungible tokens
Platforms
Surveys
tokenized markets
tokenized platforms
virtual economy
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Summary:The popularity of blockchain technology stems largely from its association with cryptocurrencies, but its potential applications extend beyond this. Fungible tokens, which are interchangeable, can facilitate value transactions, while smart contracts using non-fungible tokens enable the exchange of digital assets. Utilizing blockchain technology, tokenized platforms can create virtual markets that operate without the need for a central authority. In principle, blockchain technology provides these markets with a high degree of security, trustworthiness, and dependability. This article surveys recent developments in these areas, including examples of architectures, designs, challenges, and best practices (case studies) for the design and implementation of tokenized platforms for exchanging digital assets.
ISSN:2078-2489
2078-2489
DOI:10.3390/info14060347