'Friction-Free' Future: Cryptos, Digital IDs May Reshape Global Economy

Leo Cheng, the co-founder and CEO at Machi X, a marketplace for “discovery and exchange” of intellectual properties (IP) and their rights, has predicted that “every product and service that lives in the digital world, which should be most things, will be tokenized in order to interact natively and more efficiently with an increasingly digitized world.” Cheng, who’s also a project advisor for Mithril (MITH), a decentralized proof-of-stake (PoS)-based project that aims to reward users for creating content (social mining), told CryptoGlobe: “I believe anything that is transactional - buying and selling of physical goods and services, or licenses to use things (rent a car/boat/bike etc), places (housing, event space, learning facilities) will be tokenized.