James Belding on CoinGeek Backstage: The Bitcoin ecosystem has really matured
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For the longest time, blockchain has been a buzzword many companies have thrown into the mix to stay relevant and attract investment. In recent years, however, more companies, startups and even governments have come on board. In an interview with CoinGeek Backstage, Tokenized CEO James Belding spoke about this explosive growth and where the industry is headed.
Belding was at the BSV Global Blockchain Convention, where he spoke about tokenizing assets and securities on the blockchain. The event was the best yet, he told CoinGeek Backstage host Jon Southurst on the sidelines of the event. With COVID-19 halting physical interactions for months and Zoom webinars becoming the norm, the Dubai event was a welcome change for many.
“One of the interesting things about the event is that not only the companies and the ecosystem are more mature, but also the customers. The people who want to use the technology at the application layer level are more mature. They have really thought through what they want to do and are ready to go, Belding said.
Belding has been in the Bitcoin space for a while, and for most of that time, many of his talks about Bitcoin have been educational, trying to get people on board the blockchain bandwagon. Now that has changed, he pointed out.
“We’re starting to move toward a lot more customers jumping on board,” he told CoinGeek Backstage.
For Tokenized, the main target has been the financial market. The private capital market has been particularly lucrative, Belding revealed. Unlike traditional securities, which are all digital on exchanges, private securities are still paper-based, and trading is hectic, inefficient, slow, non-standardized and expensive.
Tokenized has digitized the sector by issuing tokenized securities on the BSV blockchain, and according to Belding, “there is a lot of opportunity in this market.”
He added that vouchers, loyalty points and carbon credits have also been a big market for Tokenized.
See: The presentation of the BSV Global Blockchain Convention, Virtual Events & Blockchain
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