Several central banks are creating their own tokens. The tiny Republic of the Marshall Islands has launched the Marshallese sovereign, while the People’s Bank of China is reportedly planning to issue its own digital currency. It’s not clear that any such alternative payments would be better than the current digital distributed ledger technology and digital payment structure that banks already use to move money. The United States, for example, uses the Automated Clearing House, among others, and it works well.

Real World Uses in Finance with Blockchain 

There are plenty of potential uses in finance — using blockchain to control and service loans or underpin smart contracts, for example. Stable value coins are pegged to currency or another asset so that they are less volatile than a cryptocurrency.

Pace University

As a shared digital ledger that creates an immutable record of transactions, blockchain is ideal for tracking the provenance of goods. It enables trustworthy shared information among suppliers that may not trust each other. It enables a group of independent entities, which have their own interests and information to protect, to share a common platform that holds information of common interest.

Blockchain for Business 

Harbert, T. (2019, October 7).   
Blockchain for business starts in the supply chain. MIT Sloan. Retrieved November 4, 2021, from https://mitsloan.mit.edu/ideas-made-to-matter/blockchain-business-starts-supply-chain. 

Blockchain for Business Whitepaper (MIT) 

Supply chain applications can be simpler, and the potential value more straightforward. As a shared digital ledger that creates an immutable record of transactions, blockchain is ideal for tracking the provenance of goods. It enables trustworthy shared information among suppliers that may not trust each other.

Blockchain in Supply Chains 

Finance and Cryptocurrencies

- Digital claims on a physical asset and so are backed by that asset. 
- Gold, crude oil, real estate, equity, stable coin or just about anything else can be tokenized.
- Ownership of the token represents a right of ownership over the asset 


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