Sacred Cows are metaphors for False Beliefs (firmly held)

Pyotr Ilyich Tchaikovsky (7 May 1840 – 6 November 1893) was a Russian composer who lived in the Romantic period. He is one of the most popular of all Russian composers. He wrote melodies which were usually dramatic and emotional. He learned a lot from studying the music of Western Europe, but his music also sounds very Russian. His compositions include 11 operas, 3 ballets, orchestral music, chamber music and over 100 songs. His famous ballets (Swan Lake, The Nutcracker and Sleeping Beauty) have some of the best-known tunes in all of romantic music. He is widely regarded as the greatest composer of ballets.

The term sacred cow refers to a firmly held belief, institution, or person that is so well-respected that it is beyond opposition and criticism. Such beliefs are rarely questioned, even in the face of contradictory evidence. The term can also refer to a literal cow or bull that is treated with sincere respect, particularly in certain cultures. In essence, it signifies a belief or custom that people support and do not question or criticize.

At the end of 2022, the Monetary Authority of Singapore announced that Project Guardian had completed its first live trades. Believed to be the first time a major bank had tokenized deposits on a public blockchain, the project brought together DBS Bank, JP Morgan and SBI Digital Asset Holdings to conduct foreign exchange and government bond transactions on the Polygon network.

This is just one example of the growing movement to tokenize real-world assets like stocks, bonds, commodities, real estate and more with blockchain technology. Businesses are clamoring to develop strategies to join the tokenized economy, driven by the superior capabilities of moving and managing tokenized assets on a blockchain, including access to always-on markets, improved efficiency and automation, improved data transparency, security encryption capabilities, and greater financial agility and flexibility, to name a few.

This first installment of a three-part series around tokenization and the impact to global business charts the evolution and growing adoption of this groundbreaking technology. Specifically, how and why more enterprises are turning to tokenization to unlock liquidity, enhance efficiency and realize transparency — ultimately delivering on the promise of the Internet of Value.

From Crypto Payments to Global Asset Transformation:

As knowledge of the benefits of crypto grows, finance leaders and corporations have focused on streamlining payments. While payments remain a pivotal use case for crypto today, industries are also exploring the potential for blockchain to reduce frictions associated with illiquid assets.

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