Tokenization Meeting: The Money and Asset System of the Future
The Tokenization Meeting, hosted by Türkiye İş Bankası and led by the Finance, Banking and Insurance Working Group within the Blockchain Turkey Platform, took place on May 14. The event started with the opening speech of TBV Secretary General Çağdaş Ergin and İş Bankası Deputy General Manager Sabri Gökmenler, and two sessions were held on the future of tokenization.
TBV Secretary General Çağdaş Ergin, who started his words by saying "We would like to thank İş Bankası for this nice hosting", said: "Blockchain Turkey Platform is a platform to get to know Blockchain technology more closely, to evaluate and discuss the developments in this field in the working groups we have established together with all over the world, and to produce output." and a structure that is an initiative of the Turkish Informatics Foundation, which we implemented in 2018 in order to be a reference for those who will work on this subject. It is a platform where more than 70 corporate companies, many universities and public institutions come together and create value, with different Working Groups such as the Banking, Finance and Insurance Working Group hosted here today. Our topic today is Tokenization, which is perhaps the most life-touching part of Blockchain technology to date. As BCTR, we have a report on this subject that we shared with the public at the beginning of this year. Today, we are here to talk about these issues in more detail and hear from experts. The work is led by Sabri Gökmenler, and Meral Şengöz also makes a lot of effort. Great work is being achieved with the contributions of the speakers and panelists we will follow shortly. "I would like to thank everyone once again for their contributions," he said.
“It is necessary to be careful about taking risks enough to bring the boat back to the port.”
İşbank Deputy General Manager Sabri Gökmenler defined tokenization as basically bringing financial assets to buyers through a transparent, cheap, efficient and inclusive platform, and stated that these features are currently available in conventional systems, but tokenization offers a unique value proposition for the future. Gökmenler said, “This claim becoming a reality; It is not easy to build a system that eliminates the middleman with autonomous, distributed, intelligent controls. There will be pains in establishing a new infrastructure. "Only when those infrastructures are prepared, you can move forward by building much more effective and efficient systems on them," he said. Listing the three most important technologies of today as blockchain, quantum and artificial intelligence, Gökmenler said that it is not possible to replace the conventional one without completing the construction, integration and regulation of the tokenization infrastructure, which is an extension of the blockchain; However, he said pilot trials could be conducted. Stating that in the future we will see tokenized financial assets entering our lives by creating more value or providing benefits, Gökmenler said, “Until then, small works can be done to take the boat out of the port, but one should be careful not to take risks at most enough to bring the boat back to the port. We also carry out such pilot and prototype studies; "We are trying to be ready for possible different business models of the future today," he said.