{"id":15943,"date":"2018-11-22T18:59:42","date_gmt":"2018-11-22T15:59:42","guid":{"rendered":"https:\/\/www.intellectsoft.net\/blog\/?p=15943"},"modified":"2020-07-16T16:30:33","modified_gmt":"2020-07-16T13:30:33","slug":"enterprise-blockchain-tokenization-webinar-review","status":"publish","type":"post","link":"https:\/\/www.intellectsoft.net\/blog\/enterprise-blockchain-tokenization-webinar-review\/","title":{"rendered":"Video &#8212; Enterprise Blockchain Tokenization: Expert Webinar with Q&#038;A"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">On November 15, the top experts of Intellectsoft Blockchain Lab went live for a 45-minute webinar on Tokenization, one of the enterprise blockchain concepts that lived up to expectations through the years. The webinar also welcomed one of the founders of Distributed Lab to explore the subject as comprehensively as possible. <\/span><i><span style=\"font-weight: 400;\">\u201cTransforming the Enterprise with Blockchain Tokenization\u201d<\/span><\/i><span style=\"font-weight: 400;\"> tackled the areas of implementation, real-life examples, constraints, and more regarding the Tokenization concept, while also touching upon the state of affairs in the blockchain world in general.<\/span><\/p>\n<p><b>The speakers of the webinar include:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><strong>Pavel Kravchenko<\/strong> \u2014 Co-founder of Distributed Lab, who received a PhD in Cryptography in 2012 from the Kharkiv National University of Radioelectronics, after publishing a pioneering thesis on public infrastructure security\u00a0(<a href=\"https:\/\/www.linkedin.com\/in\/pkravchenko\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">connect with Pavel on LinkedIn<\/a>)<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><strong>Nick Kurat<\/strong> \u2014 Director of the Intellectsoft Blockchain Lab (<a href=\"https:\/\/www.linkedin.com\/in\/nickkurat\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">connect with Nick on LinkedIn<\/a>)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><strong>Tim Kozak<\/strong> \u2014 Head of Technology at Intellectsoft Blockchain Lab\u00a0(<a href=\"https:\/\/www.linkedin.com\/in\/timothykozak\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">connect with Tim on LinkedIn<\/a>)<\/span><\/li>\n<\/ul>\n<h2><strong>See the video:<\/strong><\/h2>\n<p><iframe loading=\"lazy\" title=\"Webinar: Transforming The Enterprise With Blockchain Tokenization\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/fQ2LelMkTfI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">After the webinar, the speakers entered a <\/span><b>Q&amp;A session<\/b><span style=\"font-weight: 400;\"> with the participants, which allowed for exploring the topic further. Here are some questions from the audience with answers from our speakers. <\/span><\/p>\n<p><b>Is Hyperledger a<\/b><b>\u00a0permissioned ledger that has the purpose to replace crud databases? \u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The most interesting thing about blockchain \u2014 it\u2019s more than a typical ledger or database. It is also better to understand blockchain as a next-generation application. The reason is, blockchain serves multiple purposes: it is a database, a business logic, a permissions system, and an infrastructure. So, it won\u2019t replace crud databases, it is a new concept and evolution of application architecture.<\/span><\/p>\n<p><b>I&#8217;m interested in use of blockchain for facilitating cash payments in refugee communities. Which blockchain system would you recommend?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">There are some existing examples for your case, for example <\/span><a href=\"https:\/\/www.technologyreview.com\/s\/610806\/inside-the-jordan-refugee-camp-that-runs-on-blockchain\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">a blockchain-based refugee camp in Jordan<\/span><\/a><span style=\"font-weight: 400;\">. But in general, it depends on the requirements and functionality. From what we\u2019ve seen, Ethereum works fine in cases where currency or token economy is required. Still, you can use Fabric if you want a closed permissioned network.<\/span><\/p>\n<p><b>Which platform do you recommend for financial tokenization?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">There are many good platforms out there that fit: Stellar, Fabric, R3 Corda, maybe even Ethereum would be suitable for your case. But the complexity of the process is not in the tokenization itself, but in the ease of use and the integration in your current processes. That\u2019s actually why we created TokenD \u2014 to make it much simpler.<\/span><\/p>\n<p><b>Pegasys announced a new Enterprise-ready Ethereum \u0441lient \u2014 Pantheon. In an article, Pegasys claims that with Pantheon they\u2019ve rebuilt Ethereum from scratch. \u00a0If Ethereum was rebuilt from &#8220;scratch,&#8221; is Pegasus really new protocol? Or is it a new version of Ethereum. <\/b><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for the question. In this case, when they say they\u2019ve rebuilt Ethereum, it\u2019s not about the protocol but about the client application. So what they are doing is similar to Parity, they created a client that is compatible with Ethereum protocol, but in addition to that they have created their own configurations on top for permissions layer, etc. So it means that you can mine it in the main net (one of the Ethereum test nets is running on Parity clients), but also make a custom setup in permissioned environment.<\/span><\/p>\n<p><b>How the movement of physical assets and the ensuing changes in ownership are corresponding with a digital tokenization system? How the blockchain system knows that physical assets have changed, left the company, if an inventory item was sold? Are there any IoT sensors that communicate with that digital system?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">All security measures for physical assets, including sensors, are covered by the custodian. Without those measures, the entire system would fail, compromising the security of the blockchain itself. In a perfect world, a tokenization network should trust and transfer the responsibility for the physical asset to custodians &#8212; with legal binding, of course. <\/span><\/p>\n<p><b>Which blockchain platform have you used for a tokenization system\/product?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Our TokenD product is built on customized Stellar blockchain engine. We\u2019ve chosen it because of its solid architecture, performance, multi-asset support, wide range of tools, and comprehensive customization possibilities.<\/span><\/p>\n<p><em><b>Find the answers to other questions by <\/b><a href=\"https:\/\/youtu.be\/fQ2LelMkTfI\" target=\"_blank\" rel=\"noopener noreferrer\"><b>watching the webinar<\/b><\/a><b>.<\/b><\/em><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">In you have any questions left, or want to propose a topic for our next webinar \u2014 please send an email to <\/span><a href=\"mailto:blockchain@intellectsoft.net\"><span style=\"font-weight: 400;\">blockchain@intellectsoft.net<\/span><\/a><\/p>\n<p><b>For even more on blockchain tokenization:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Download the book <a href=\"https:\/\/bit.ly\/2Afgn47\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">\u201cTheory of tokenization\u201d<\/a><\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Download <a href=\"https:\/\/tokend.io\/downloads\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">TokenD Technical Brief<\/a><\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Get a consultation from <a href=\"https:\/\/blockchain.intellectsoft.net\/\">Intellectsoft Blockchain Lab<\/a><\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Watch the webinar and read the answers from the Q&#038;A session in the post.<\/p>\n","protected":false},"author":25,"featured_media":15945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[801,1],"tags":[],"class_list":["post-15943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Enterprise Blockchain Tokenization: Pro Webinar &amp; QA<\/title>\n<meta name=\"description\" content=\"Find out everything about enterprise blockchain Tokenization webinar &amp; QA with experts. 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