The future of blockchain – the tokenization of human life

A few years ago, the future for many seemed an era for the use of aircraft and jets. But, to date, this is not as interesting as tokenizing itself with the use of blockchain. Andy Warhol once remarked that in the future everyone will be able to become famous within 15 minutes. This glory seems to start to make sense, because now you can "tokenize" yourself and sell your time. Entrepreneur Boris Akimov strives to do just that.

Akimov announced that he would become the first entrepreneur who identifies himself on the Waves platform. Explaining his decision to allow the market to dictate its value, Akimov said:

"Token owners can gain benefits over a period of time, depending on how many tokens they have. The more competent my work is, the higher the demand for my skills and knowledge and the higher the cost of tokens. Conversely, the lower the quality of my work, the lower the cost of the token. "

The concept of monetizing your time is not new; has already begun attempts to launch ICO, which symbolize the world's stars of sports. Despite the fact that these attempts were not implemented, further development can lead to the fact that personal development will be sold for a certain cost. Perhaps, for example, a talented student from India or a qualified Colombian football star will sell their human capital, and future incomes will be deducted from a smart contract and paid as a dividend to investors.

Akimov explains: "Let's assess the situation in which I tokenize two days of my time a week. This is 3288 hours or 12 million seconds. Thus, the plan is to create 12 million tokens, each of which can be redeemed for every second of my time! "

The world in which the spouses could tokensize time alone with friends, or giving advice to relatives – sounds awesome. This also raises serious ethical questions. However, as the future of entrepreneurship, this leaves much to be desired.

Author: Olga Novikova, Analyst Freedman Club Crypto News
Image from Fotolia

Source: Read Full Article