Bitcoin and Tokenization

Abstract

This chapter starts with the introduction to blockchain , technology with a potential utility across finance and banking use cases. Then, we proceed and discuss bitcoin and further the notion of tokenization within the decentralized finance (DeFi) framework. Then, we expose the reader to practical examples of utilizing smart contracts from programmatic perspective. We use Ethereum platform with its own Solidity language to build a smart contract application using Python scripting sequences. The focus of this chapter is on the process of asset tokenization in order to build a foundational understanding to be applied at a later stage of the book. Finally, we provide a number of contra-arguments relevant to exposing deficiencies in blockchain-based technologies to be aware of from a practitioner’s standpoint.