1: Implications of the token economy: A taxonomy and research agenda.- 2:  Recovering from blockchain missteps and myths with coopetition.- 3: Finding the right balance–political and technical decentralization in the token economy.- 4: Cryptoeconomics: Designing effective incentives and governance models for blockchain networks using insights from economics.- 5: Verifiable Credentials in the Token Economy.- 6: NFTs and the metaverse revolution: Research perspectives and open challenges.- 7: Asset tokenization of real estate in Europe.- 8: Tokenization and regulatory compliance for art and collectibles markets: From regulators' demands for transparency to investors' demands for privacy.- 9: Token-based insurance solutions on blockchain.- 10: Revisiting blockchain token sales: How crypto companies raised money.- 11: Ensuring safety and security in blockchains: A private capital markets example.- 12: Utilizing Non-Fungible Tokens for an event ticketing system.- 13: Saving the oceans with NFTs.

In the context of blockchain technologies, tokens present a novel way to transfer value between parties without relying on traditional intermediaries. The so-called ‘token economy’ has only recently attracted the attention of practitioners and academics, who seek to understand the potential of tokenization, but also its challenges and pitfalls.In this book, leading practitioners and academics provide a comprehensive overview explore theories on the future of the token economy and provide real world case studies from a range of industries.Chapter 3 and Chapter 8 are available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.Mary C. Lacity is Walton Professor of Information Systems and Director of the Blockchain Center of Excellence in the Sam M. Walton College of Business at The University of Arkansas, USA.Horst Treiblmaier is a Professor in International Management at Modul University Vienna, Austria

“Blockchains and the Token Economy” is a must read for anyone trying to understand big concepts like decentralization, token economy, and digital assets. Skillfully, Mary and Horst have brought together both the practical and real with the theoretical and ‘work-in-progress’ use cases in a collaborative book, underscoring that blockchain technology is truly a ‘team sport’ technology.”  - Sandra Ro, CEO, Global Blockchain Business Council “In Blockchain Revolution, we predicted that tokens, smart contracts and blockchains would transform nearly every industry.  In Blockchains and The Token Economy...leading academic and practitioner authors show us that the token economy has arrived for everything from real estate and supply chains to NFTs and metaverses.”  - Alex Tapscott, Co-Founder, Blockchain Research Institute  “If blockchain grows in about the same way that the cloud did, by 2030, around half of all new business contracts are likely to be done using smart contracts and digital tokens.  Professors Lacity and Treiblmaier have established themselves as top experts in this space and this book gives you a sense of how the world of commerce is about to change dramatically.”   - Paul Brody, Principal & Global Blockchain Leader, Ernst & Young  

Offers a comprehensive overview of the new decentralized token economy based on asset tokenization and blockchains Includes case studies from a range of industries Provides insights from both leading scholars and practitioners

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