Summary and Outlook

The future role and scope of blockchain technology and tokenization are not yet clear. They might simply represent a new technological basis for the market to work on or they might shape the market to a larger extent. A wider implementation will require overcoming a series of challenges, however, the potential that blockchain and tokenization hold is significant. Also, markets and regulations are evolving favorably, and participants are convinced of the future of the concept. So, while blockchain and tokenization might not be the solution to all problems they are likely here to stay and offer valuable solutions. To guide a wider adoption where the theoretical benefits can be realized as fully as possible, specific recommendations were formed as a result of this study. Hereby, five recommendations for the overall market environment and five recommendations to participants active within this market are suggested.