Tokenization is the process by which the real asset value of the property is represented digitally on the blockchain in token form.

What problem is Tokenization trying to solve?
Fractional ownership and Liquidity, some over priced and over supply issues perhaps.

How?

Create and mobilize new form of capitals.

Challenges?

Trust. Circulation. Legal.

Bringing Down Borders

If I were to develop a city, and I issue a token which has these 4 characteristic or functions:

1) Security
Token holders entitled to earn certain income or profit sharing for x number of tokens hold over y amount of time.

2) Privileges
For upcoming or in-house projects, token holders entitled to special price or privileges.

3) Utility
Token holders can use their token to pay for services or products under internal environment, such as inter-city spendings.

4) Currency
This token is acceptable by other cities or entity other than the issuer.

Now, tell me what breed of “money” shall we identify this token?

The key is programmable money.

It is good that we have the direction of coming up with technical and policy framework for programmable money first.

Implementation wise, it is do-able technically due to its programmable nature.

Take the analogy of a simplified illustration of daily life of a working male adult:

Early morning as he steps into the office, he will play the role as an employee of the company, where his action will be bound by company rules and (common) work culture.

After office hour, as he transits back from company to home, he would be bound by social etiquette and city rules along the way.

At home, he could be playing the role of a husband, and a father to his children, where family values play the major factor defining the activities he could be carrying.

Condition of a situation may define the role and characteristic of an entity, thus resulting in the activities and produce the consequences.

Quantum elements exist in the thought process.

Presentation slides used:

Follow up news:

It is interesting to note that one of Malaysia’s initiative is featured in one of Coin Telegraphs report on Municipal Crypto.

A Mechanism To Fund Certain Projects

States, provinces and municipalities could use cryptocurrencies to fund projects and programs. Municipal cryptocurrencies — that is, cryptocurrencies launched by cities — could offer citizens a new way to invest in a certain location and even buy goods while helping governments to fund projects.

The minimum bond investment is $1,000, although they are usually sold in batches of $5,000. People who want to invest less simply cannot do it. Cryptocurrencies and tokens could be used for assets under $5 million and enable investments under $5,000.

The main mechanism for municipal cryptocurrency is the securitization of assets.

* Securitization is the process of establishing a financial instrument that merged from various financial assets into one group.

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It’s an honor to be invited as one of the panelist to share about tokenomics in the real estates sector, from a technopreneur’s point of view.

The investment forum was held at 9th March 2019 and attended by some 500+ investors from around the country. It was a Mandarin speaking session for Chinese community.

Organized by Hua Zong (Federation of Chinese Associations Malaysia), this is an annual investment forum since 2002. This is the 17th year since its inception, which makes the event a trustworthy brand when it comes to investment related economic forum.

After the presentation, I thought of some keypoints delivered by Polina Gusak from Switzerland during the Blockchain in Government conference in Singapore.

Property leaders know conveyancing is coming to an end.

For sale ready homes, transfer of information can be done, about the value and the ownership.

Secure property titles help eliminates poverty and boost prosperity.

Post Event Media Report

Sinchew | Nanyang

Related Info

Public feedback sought for ICO, property crowdfunding rules as reported in Chinese newspaper on 6th March, 2019.

Link to English newspaper report: https://www.theedgemarkets.com/article/public-feedback-sought-ico-property-crowdfunding-rules

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