The EU Blockchain Observatory & Forum released a report entitled “Tokenization of physical assets and the impact of IoT and AI.”
The report, authored by Dr. Tim Weingärtner, a professor at Lucerne University of Applied Sciences & Arts – School for Information Technology, features the “digital twin” concept, which refers to a digital replica of the physical world. This mirror world would be consist of Internet of Things (IoT) devices, big data, tokens representing physical objects, blockchain as a trusted ledger and Artificial Intelligence (AI).
The report notes that blockchain would play a key role in this digital transformation by providing trust and allowing the identification and tokenization of physical objects. Blockchain-based smart…
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