A key challenge faced by blockchain technology is real-world utility.

Blockchain technology is swiftly revolutionizing many industries, but much of the impact remains enclosed towards digital factors. This technology is primarily serving as a layer that functions atop the internet to twine value with communicative interactions. While such a value-additive is extremely desirable, many question its feasibility for improving economic interactions in the real world.

As ICOs are making it possible for entrepreneurs from all over the world to raise funds to fund unique projects, a host of novel approaches, that attempt to utilize blockchain technology in the physical world, are surfacing. Liquid8 is one such project as it creates a platform that utilizes two of the current most successful aspects of blockchain technology: tokenization and p2p exchange.

Utilizing the Best Features

While many entrepreneurs take the path to utilize blockchain technology in the real world by tackling challenging tasks through novel approaches, Liquid8 is tackling a major problem through an established approach that has worked within the blockchain sphere.

Some of the most successful start-ups of last year have been cryptocurrency exchanges. Companies like Binance gained quarterly profits of $200 million within their first year; this is a testament to the opportunity that lies in p2p exchange offerings. People have always been interested in a p2p exchange of value and stock markets are a testament to this.

The trade of liquid real-world assets is a massive market that most people are already familiar with and it extends towards even commodities and debt markets. Nonetheless, the challenge is that most real-world assets are not liquid. To resolve this, Liquid8 provides an opportunity to tokenize any asset and then that Smart Asset Token can be traded on Liquid8’s Smart Asset Token exchange in p2p trades.

Growing the Community

As the swift rise of cryptocurrency exchanges has evidenced, tokenized value exchange is something the world is ready for. As cryptocurrency exchanges that provide the exchange of purely speculative technologies have amassed large userbases of early adopters, an exchange that targets the more conservative, larger portion of the world population is needed.

Liquid8 provides a new exchange for the trade of tokenized real-world assets; this provides a means to trade tokens that most of the world would be more accustomed to as there will be real intrinsic values providing a mean to accurately calculate the tokens’ spot value.

Thus, Liquid8’s approach to provide liquidity to real-world assets by tokenizing them and then providing a p2p exchange for that value is a utilization of two of the most successful aspects of blockchain technology. Given that this project requires limited guesswork and is geared towards a swift utilization of tokenization and an exchange, it can help grow the utilization of tokens.

The key reason for Liquid8’s ability to grow the cryptocurrency community is that it waives the key argument pushed against the cryptocurrency market: speculative valuation of tokens. Liquid8 creates a new class of tokens that will indeed have an intrinsic value derived from the assets that back them. Thus, Liquid8 carries tokens to a new format, one in which they become more appealing to the mass market and sustain the ability to grow the size of the cryptocurrency community.