Data Assets : Tokenization and Valuation

Your Data (new gold, new oil) is hugely valuable (est. $13T globally) but not a 'balance-sheet' asset. Tokenization- used by banks for payments and settlement- lets you manage, value, and monetize your data. Data is the ultimate commodity industry. This position paper outlines our vision and a general framework for tokenizing data, managing data assets and data liquidity to allow individuals and organizations in the public and private sectors to gain the economic value of data, while facilitating its responsible and ethical use. We will examine the challenges associated with developing and securing a data economy, as well as the potential applications and opportunities of the decentralised data-tokenized economy. We will also discuss the ethical considerations to promote the responsible exchange and use of data to fuel innovation and progress