This IDC study is aimed at offering technology buyers a high-level view of how digital tokens built on blockchain are gaining adoption. From its initial use as the underlying technology for cryptocurrencies, distributed ledger and blockchain technology have expanded to include creating, buying, exchanging, and managing tokens — unique digital representations of things of value. Those things of value can be debt instruments, contracts, commodities, services, and much more.
"The development of a token economy built on top of blockchain has been an exciting development within the blockchain space," said James Wester, research director, Worldwide Blockchain Strategies. "What we need now is to define that token economy and understand how that token economy will evolve."
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