In a decade from now, all assets moving between businesses will be tokenized and transacted on the blockchain.
With AI and blockchain technologies maturing, people are left wondering how will it all change ‘office work’ — will AI take our jobs? Will we just use prompts going forward? Or should we ban it all before its too late? Kill it with fire are and nuke the site from orbit.
While studying blockchain and smart-contract development one will eventually run into the term ‘self-executing’. Statements might be similar to these:
I recently had a chat with a prominent character in the Web3 space who said doing proper accounting is difficult.
One could say no-one is really using blockchain — yes, we have DeFi, and NFTs but for most people blockchain is not useful in their daily lives. Web3 is, for now, a buzzword unlike Web2 which offered value in the form of SaaS, e-commerce and social media. When we exclude trading-related activities (DeFi and NFTs) what actual tangible value is captured on chain, at scale? For one there are illegal activities such as scam, buying weapons, illegal services or drugs on sites like Silk Road — totaled to around 14$ billion last year (Crypto Crime Trends for 2022: Illicit Transaction Activity Reaches All-Time High in Value, All-Time Low in Share of All Cryptocurrency Activity — Chainalysis).
This is, on one hand the elephant in the room but it is highlighting an important aspect — real observable utility.
- Plugin for Bubble™ & ChatGPT
- Ready-made templates
- Quick prototyping & feedback
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- Plugin for ChatGPT™
- OpenZeppelin™ templates
- Extract source code
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Toolblox™ offers the flexibility traditionally found in custom development combined with the ease of no-code platforms.
Smart-contract templates, while seemingly convenient, often don't cater to all asset classes or jurisdictions, can stifle business process innovation, and become costly when adapting to specific needs due to re-audit requirements. Custom smart-contract development, on the other hand, is a lengthy and expensive process, requiring specialized skills, and the auditing phase is both costly and time-consuming.
Our smart contracts provide tailored solutions for specific assets, jurisdictions, or business nuances, all while being cost-effective to audit and easy to understand through visual workflows. This ensures you get a precise solution without the associated overheads or limitations.
Tokenization transforms traditional business protocols into self-executing smart contracts, streamlining operations and ensuring clarity.
- Efficiency in Operations: Self-executing contracts automate processes, speeding up operations like reconciliation, administration and settlement.
- Reduced Miscommunication: With every term and condition explicitly coded, there's less room for misunderstandings or disputes.
- Clarity in Business Protocols: Tokenized assets come with predefined rules and protocols, making business operations clearer and reducing ambiguities.
- Liquidity: Assets, even traditionally illiquid ones like art or real estate, become easily tradable, enhancing their accessibility.
- Fractional Ownership: Tokenization divides assets into smaller units, allowing more investors to partake in high-value asset ownership.
- Transparency: Every transaction is transparently recorded on the blockchain, ensuring verifiability by all stakeholders.
- Security: Blockchain's robustness safeguards tokenized assets, minimizing fraud risks.
- Global Market Access: Tokenized assets on Toolblox™ can be traded internationally, expanding market reach and opportunities.
- Supply Chain: Tokenize individual products for transparent tracking from manufacturing to sale.
- ESG Reporting: Ensure verifiable and trusted environmental, social, and governance data points.
- Financial Settlement: Streamline the trade and settlement of financial securities.
- Certified Credentials: Authenticate jewelry certificates, diplomas, and other achievements.
- NFT Marketplaces: Facilitate the creation, listing, and sale of unique digital art.
- DAO Governance: Automate company by-laws and decision-making within decentralized organizations.
- Asset Monetization: Tokenize real estate, land, or data sets for easy trading and verification.
- Ticketing Systems: Secure event ticket sales, verification, and anti-fraud measures.
- Insurance Operations: Simplify the insurance claim process, from filing to settlement.
- Document Timestamping: Verify the existence and integrity of documents with a secure timestamp.
- One-Time Smart Contracts: Create custom contracts for specific buy/sell/service agreements.
- Business Model Innovation: Develop new token-based business models for diverse industries.
- Smart Contract Auditing: Tokenize the auditing process, ensuring transparency and accountability in smart contract reviews.
- Proof of Physical Work Contracts: Manage contractor tasks, milestones, and handovers with tokenized contracts that verify completed work.
- Consultation Services: Tokenize consultation hours or packages, allowing clients to purchase and redeem services seamlessly.
- Subscription Services: Implement token-based subscriptions for content, software, or other services, ensuring automated renewals and access control.
Think of Toolblox™ as a hammer. We help you build your digital house (the smart-contract), but once it's built, the house stands on its own.
While we provide an auto-generated user interface and offer hosting solutions, the ownership and operation of the smart-contract and its data are entirely yours. This ensures seamless integration with any external system and guarantees robustness and adaptability for the future.
Additionally, for those who prefer no-code platforms, we provide an open API and plugins, including compatibility with popular platforms like Bubble. This ensures a seamless integration tailored to your business needs.
Absolutely. Toolblox™ is primarily designed for no-code solution developers who understand business needs, are familiar with no-code tools, and aim to craft an MVP for a web3 solution.
However, we also cater to business owners and analysts with a feature that employs AI to generate visual workflows. This can then be handed over to technical teams for further refinement.
For those with a technical background, we offer advanced features like source code extraction and GitHub export, ensuring a comprehensive experience for teams of all sizes.