Purpose Driven Tokenisation
On the 14th of January, 2Tokens organized the second round table in a series of three. The 80+ attendees put their full energy into diving deep into the why, the what and the how on key aspects how tokenization can impact our interactions, and hence imagine new ecosystems.
The attendees had interesting discussions on seven different topics, related to purpose-driven tokenisation:
Tokenisation, tokenomics and token engineering are new concepts and, for many, difficult to understand. Especially since often, these terms are used differently in different contexts. What do these concepts mean, and how can an ecosystem benefit from it? Without a shared understanding among all stakeholders involved in an ecosystem, it becomes difficult to allow people from multiple disciplines to collaborate effectively and build a tokenised ecosystem.
A shared understanding is not only relevant for building tokenised ecosystems, but it will also enable regulators and policymakers to address regulatory concerns in the right way. As such, it will foster a healthy public debate around tokenisation.
A shared understanding consists of precise terminology and taxonomy, international standards, useful metaphors to share with wider audiences and clear legal and regulatory frameworks. Since the field of tokenisation is very much alive, on-going coordination, education and engagement among all stakeholders is essential. A Token Coalition can manage this, or organisation such as the 2Tokens project, to ensure all stakeholders' requirements are met
Standardisation of terminology, education of the wider community and collaboration with relevant stakeholders such as regulators and policymakers are important preconditions for developing successful tokenised ecosystems. It is up to regulators and policymakers to establish clear regulations that enable innovation instead of limiting it because tokens do not adhere to borders.
The opportunity is there if we can get the right environment for Tokenisation in place. If this does not happen, then startups and ecosystems looking for to leverage the benefits of tokenisation will move elsewhere as the benefits are too big to ignore.
This second round table session was again a great success by showing what the preconditions are when developing tokenised ecosystems. Purpose-driven tokenisation can drive and change behaviour, but all stakeholders must be involved from the start, which is precisely what we are doing with developing the 2Tokens ecosystem.
This Round Table is focused on elaborating further what is needed to enable purpose driven tokenisation, which comes down to token engineering - the practice of using tokens as the foundation for designing value flows and ultimately economic systems.
A well-designed token ecosystem unlocks value by bringing parties together in new ways - and stimulates the target behaviour by having tokens as built in incentives.
This round table is for those that wish to contribute to realising all aspects of Token Engineering - and thus achieving the value from new ways of collaborating.
One clear application of Token Engineering is Ocean Protocol, who have iterated over several years to achieve a new ecosystem around realising value from data for AI applications wherever it is located. Trent McConaghy will be sharing their experiences as they have pushed the boundaries on what is possible via Token Engineering.
Joining us for this round table will also be thought leaders, innovation drivers, representatives from law firms, as well as the Dutch regulator AFM, and Dutch Government officials.
Inspiration session speaker
Trent is a serial entrepreneur, and besides the founder of Ocean Protocol also known for BigchainDB (2015) and Ascribe (2013).. He has published many papers and is advisor on blockchain & Artificial Intelligence strategies to the governments of Estonia and Germany. Ocean Protocol is an ecosystem for sharing data and associated services. Ocean Protocol provides a tokenised service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs of availability and integrity that serve as verifiable service agreements.
Dr. Melanie Rieback is the CEO/Co-founder of Radically Open Security, the world’s first non-profit computer security consultancy company. She is also a former Assistant Professor of Computer Science at VU who performed RFID security research (RFID Virus and RFID Guardian), that attracted worldwide press coverage, and won several awards (VU Mediakomeet, ISOC Award, NWO I/O award, IEEE Percom Best Paper, USENIX Lisa Best Paper). Her company, Radically Open Security was also named the 50th Most Innovative SME by the Dutch Chamber of Commerce (MKB Innovatie Top 100) in 2016.
Rutger van Zuidam
Rutger van Zuidam is the founder of DutchChain, the leading blockchain company of in The Netherlands who believes that blockchains and tokens are crucial to the digital economy. A token ecosystem is more than blockchain or "coins". It is an economic structure where multiple parties, often with conflicting interests, coordinate their actions coherently, without any formal organization in the conventional sense of the word. All coordination is encoded in the protocol, including the governing and regulatory aspects. We want to build complex ecosystems that are anti-fragile because of their decentralized nature and that thrive in unpredictable conditions.
14:00 | Walk-in with Coffee/tea
14:20 | Welcome & opening address
14:30 | Framing:
“Terminology, tokenisation as a societal disruption”
by Neil Smyth
14:50 | Inspiration session #1:
"Improving Society by Tokenising Ecosystems"
By Rutger van Zuidam
15:10 | Explanation process (including introduction of the tables)
by Alex Bausch
15:20 | Round table session #1 - Discussion on "Why"
16:00 | Inspiration session #2:
“Lessons learnt from using Tokenisation in practice”
by Trent McConaghy
16:30 | Break: Coffee/tea
16:50 | Round table session #2 - Discussion on "What"
17:30 | Round table session #3 - Discussion on "How"
18:10 | Break
18:30 | Inspiration session #3:
"Post growth entrepreneurship & new ecosystem development"
by Melanie Rieback
18:55 | Dinner Buffet
20:00 | End
The round table will be held at YES!Delft. The full address is:
2629 JD DELFT.
More information about parking can be found here.
ROUND TABLE THEMES
Table #1 : Shared understanding
Discussion leader Joris Geertman
Terminology, surfacing up complexity, shared mental models, actors/personas, value flows etc.
Table #2 : Innovative Funding
Discussion leader Marleen Evertz
Beyond VC/loan finance, incentivizing actors/usage, risks/reward profile, sustaining the value flows etc.
Table #3 : Change Management
Discussion leader by Neil Smyth
People + behavior at the core, how to surface up the implications for people / roles, driving the transition, relevant frameworks/terminology etc.
Table #4 : Messaging & Engagement
Discussion leader Olivier Rikken
Changing the narrative, lighthouse projects, influential champions, potential communicated, innovation leaders role etc.
Table #5 : Knowledge & Skills
Discussion leader Jelle Pol
Key skills needed, multi-discipline, deep knowledge, new combinations, existing talent pools to engage etc.
Table #6 : Problem-Solution Fit
Discussion leader Aljosja Beije
Validating that there is a real problem to be solved, application patterns, planning for how to realise the new solution, etc.
Table #7 : Tokenization and the Law
Discussion leader Willem-Jan Smits
Regulatory and legal status concerning tokenization in The Netherlands.
Purpose Driven Tokenization
This round table is for
Board of advisors
Why this guide
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