First Things First! No “Tokenization” before precisely defining the “Real-World Asset”

RWA TokenizationDigital Innovation
Written By Dr. Reuel E. Ocho
First Things First! No “Tokenization” before precisely defining the “Real-World Asset” Critical to RWA Tokenization, is a precise definition of the “Real-World Asset”. – Dr. Reuel E. Ocho, Digital Innovation blog post.

There is growing interest and excitement around Real-World Asset (RWA) Tokenization. 

For some, it is just fashion; for others, it is a legitimate business opportunity.  In both cases, often the novelty of the blockchain tokenization element is the captivating factor.  However, critical to RWA Tokenization, is a precise definition of the “Real-World Asset”. It is important to be specific about what constitutes the object (as in the target) of tokenization. 

The guiding questions should include:

  • What does the object’s definitional boundary enclose? 

  • What is excluded from within the boundary?

  • Are the right things within and outside of the boundary?

  • What is the nature of things within the boundary?

It is only after these questions have been given elaborated answers and sense-checked, that attention can turn to the tokenization question (from which several additional questions follow):

  • How might the “Real-World Asset” constituted of the thing(s) within the defined boundary be tokenized?

Your RWA Tokenization digital innovation strategy must give appropriate space and time for deep, professionally disciplined contemplation of the first four questions.  Only then, should the fifth be considered.

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I am Dr. Reuel E. Ocho, a Digital Innovation Strategy and Accelerated Delivery specialist.  I offer digital innovation advisory services across areas such as RWA Tokenization, AI, Innovation Management, and Technology Strategy, Digital Platforms, Product Management, and Advanced Digital Architecture.

Contact me for advisory services or for speaking engagements.

Dr. Reuel E. Ocho