After many years of investment, experimentation and infrastructure improvements, the intersection of three market trends are paving the way for enterprise adoption of public distributed networks: tokenization, decentralized finance (DeFi) and business logic moving to layer 2.
In 2020, it became ever more apparent that these trends, in addition to hard lessons learned from attempted deployments of private networks, have caused enterprises to be open to the use of distributed ledger technology (DLT) in ways they simply were not in 2017.
This post is part of CoinDesk’s 2020 Year in Review – a collection of op-eds, essays and interviews about the year in crypto and beyond. Mance Harmon is CEO and co-founder of Hedera Hashgraph.
Tokenization enabling economic activity, DeFi spurs more efficient financing
In 2017, tokens were used almost exclusively as a way to raise capital for startups. The value proposition of tokenization was only beginning to be understood, with very little…
