Token Standard for Heterogeneous Assets Digitization into Commodity

Davydov, Vyacheslav; Gazaryan, A.; Madhwal, Yash; Yanovich, Yury

doi:10.1145/3376044.3376053

Cited by 18 publications

(6 citation statements)

References 14 publications

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“…Additional approaches that can be further analyzed could be fees, fund limits, multi-period, mixed financing, the crowd behavior. Finally, new concepts such as tokenized index funds were defined as a hybrid approach between tokenized securities and index funds (e.g., exchange-traded funds) to alleviate both the lower price volatility and the decreasing purchasing power [48,55]. Table 6 summarizes the study findings regarding the factors influencing finance and investments.…”

Section: Finance and Investmentsmentioning

confidence: 99%

“…However, the authors do mention the shortcomings such as the lack of incentives, storage off-chain, and the chance of the InterPlanetary File System (IPFS) nodes' unavailability. Davydov et al [55] propose an architecture that would allow the division of assets into commodities. Starting from the direct association of one individual asset to an owner using ERC-20 and ERC-721 token standards, they proposed a new type of token, ERC-T(okenization).…”

Section: Blockchain Token's Applicabilitymentioning

confidence: 99%

“…Under the multitude of NFTs backed by an asset, some authors have focused on virtual assets. Bamakan et al [68] propose a framework for tokenizing patents and intellectual properties and a proof-of-existence algorithm, in Davydov et al [55] the focus is on lending, while in Popov et al [59] a model is defined securities' transformation by associating asset tokens and managing the rights of their issuance and circulations.…”

Section: Blockchain Token's Applicabilitymentioning

confidence: 99%

See 2 more Smart Citations

Review of Blockchain Tokens Creation and Valuation

Marin,

Cioara,

Toderean

et al. 2023

Future Internet

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Blockchain and tokens are relatively new research areas insufficiently explored from both technical and economic perspectives. Even though tokens provide benefits such as easier market access, increased liquidity, lower transaction costs, and automated transactional process, their valuation and price determination are still challenging due to factors such as a lack of intrinsic value, volatility, and regulation making trading risky. In this paper, we address this knowledge gap by reviewing the existing literature on token creation and valuation to identify and document the factors affecting their valuation, investment, and founding, as well as the most promising domains of applicability. The study follows the PRISMA methodology and uses the Web of Science database, defining clear research questions and objective inclusion criteria for the articles. We discuss token technical development, including creating, issuing, and managing tokens on an Ethereum blockchain using smart contracts. The study revealed several key factors that significantly impact the field of tokenomics: demand and supply, social incentives, market conditions, macroeconomics, collective behavior, speculation, and inclusion in index funds. The most relevant use cases of blockchain and tokens are related to the digitization of virtual and physical assets, accountability, and traceability usual in smart grids or supply chains management, social governance, and art and gamification including metaverse.

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Section: Finance and Investmentsmentioning

confidence: 99%

Section: Blockchain Token's Applicabilitymentioning

confidence: 99%

Section: Blockchain Token's Applicabilitymentioning

confidence: 99%

See 1 more Smart Citation

Review of Blockchain Tokens Creation and Valuation

Marin,

Cioara,

Toderean

et al. 2023

Future Internet

View full text Add to dashboard Cite

show abstract

“…New ERC token standards, on the other hand, are developed by Hu et al (2019) and Davydov et al (2019). Hu et al (2019) propose an alternative to stablecoins to resolve the volatility issue of cryptocurrencies.…”

Section: Financial Tokens In Defimentioning

confidence: 99%

“…The standard of their ERC-1 token shifts the exchange risk from merchants and customers to the assumed less risk-averse cryptocurrency issuer. Davydov et al (2019) propose a token standard (ERC-T) which combines characteristics of fungible ERC-20 and non-fungible ERC-721 tokens to enable the fractionalization of unique assets as digital security portfolios and hence ETF-like products in the crypto-asset world.…”

Section: Financial Tokens In Defimentioning

confidence: 99%