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Blockchain and the Tokenization of the Individual: Societal Implications

Author

Listed:
  • Monique J. Morrow

    (Vetri-Global, Klosbachstrasse 128, CH-8032 Zürich, Switzerland)

  • Mehran Zarrebini

    (PFE International Inc., The Laurels, Saddlers Way, Long Marston, York YO26 8AW, UK)

Abstract

We are living in a world where the very systems upon which trust is based are being challenged by new and exciting paradigm shifts. Centralization whether in the form of governments, financial institutions, enterprises and organizations is simply being challenged because of the lack of trust associated with data governance often experienced in the form of data breaches or simply a monetization of our data without our permission and/or incentives to participate in this emerging decentralization of structures. We see this trust deficit challenging the very institutions we have depended on including but not limited to financial institutions, private enterprises or government bodies. A new “social contract” is required as we continuously evolve into more decentralized and self-governing (or semi self-governing) entities. We will see more development in digital sovereignty with the caveat that a governance model will need to be defined. This position paper will present evidence that supports the premise that blockchain and individual tokenization could provide a new social contract.

Suggested Citation

  • Monique J. Morrow & Mehran Zarrebini, 2019. "Blockchain and the Tokenization of the Individual: Societal Implications," Future Internet, MDPI, vol. 11(10), pages 1-12, October.
    • Handle: RePEc:gam:jftint:v:11:y:2019:i:10:p:220-:d:279157
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    References listed on IDEAS

    as
    1. Stéphane Blémus & Dominique Guegan, 2019. "Initial Crypto-asset Offerings (ICOs), tokenization and corporate governance," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-02079171, HAL.
    2. Stéphane Blemus & Dominique Guégan, 2019. "Initial Crypto-asset Offerings (ICOs), tokenization and corporate governance," Documents de travail du Centre d'Economie de la Sorbonne 19004, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    3. Stéphane Blémus & Dominique Guegan, 2019. "Initial Crypto-asset Offerings (ICOs), tokenization and corporate governance," Post-Print halshs-02079171, HAL.
    4. St'ephane Bl'emus & Dominique Guegan, 2019. "Initial Crypto-asset Offerings (ICOs), tokenization and corporate governance," Papers 1905.03340, arXiv.org.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Birgitte van Haaren-van Duijn & Jaime Bonnín Roca & Annie Chen & A. Georges L. Romme & Mathieu Weggeman, 2022. "The Dynamics of Governing Enterprise Blockchain Ecosystems," Administrative Sciences, MDPI, vol. 12(3), pages 1-21, July.
    2. Nappert, Pier-Luc & Plante, Maude, 2023. "The assetization of baseball players: Instrumentalizing promise with signing bonuses and human capital contracts," Accounting, Organizations and Society, Elsevier, vol. 105(C).
    3. Yasanur Kayikci & Nazlican Gozacan‐Chase & Abderahman Rejeb & Kaliyan Mathiyazhagan, 2022. "Critical success factors for implementing blockchain‐based circular supply chain," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3595-3615, November.

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