How Much Money Does Tokenisation Actually Save?
▻https://hackernoon.com/how-much-money-does-tokenisation-actually-save-af29a135496b?source=rss--
There is much talk about the benefits of tokenisation, primarily in application to capital markets (so-called “security tokens”). But how much benefit are we talking about? Let’s draw a quick outline, roughly.In the diagram above, you can see the typical equity #crowdfunding operator’s task. Grey circles are “sub-accounts”; the money goes through a sub-account from the particular investor to the particular project and back (as interest or dividends). Each horizontal line of sub-accounts represents a “project bank” where the money accumulates to reach the cap, to prepare for the quarterly distribution, etc.This function allows operators to easily manipulate money amongst separate “wallets” and it comes at a cost. But how much? Before we calculate, let’s note one thing: it seems pretty obvious, but (...)