The 50th annual meeting of the World Economic Forum (WEF), held in June 2020, was named “The Great Reset”, resuming three core components to be pursued by the global leaders: creating conditions for a “stakeholder economy”; building in a more “resilient, equitable, and sustainable” way – based on environmental, social, and governance (ESG) metrics, incorporating more green public infrastructure projects; and to “harness the innovations of the Fourth Industrial Revolution” for public good [1,2].
The IMF states there are “tremendous opportunities” in the countries’ growth returning, leading to a greener, smarter and fairer world in the future, some of them are discussed as follows [3].
“Governments can put in place public investments – and incentives for private investments – that support low-carbon and climate-resilient growth”; Fairer growth is about diminishing inequality, “investing in people – in the social fabric of our societies, in access to opportunities, in education for all, and in social programs”.
The IMF also states that “the digital economy is the big winner of this crisis. But we must not allow the digital divide to widen so that some countries and communities fall further behind. So, it is critical that institutions like the IMF support investments that will shrink the digital divide – working in partnership with the World Bank and others.”
As digital transformation becomes even more important it urges to identify opportunities for economic, social and environmental improvements. Tokenization and digital assets have emerged as one such opportunity, modernizing the existing financial system infrastructure and also improving existing capital markets through providing new platforms, improving access to funding and credit facilities, tokenizing assets to unlock liquidity, and creating new opportunities for both issuers and investors [4].
Within the context of blockchain and distributed ledger technology (DLT), tokenization is the representation of a particular asset through the issuance of tokens representing fractional shares of the underlying asset, making them applicable to virtually all industries for a variety of different purposes – from raising capital to fractionalizing assets to unlocking liquidity and value [4]. Like a coupon redeemable for an item, a token can represent a share of any tradable asset, such as equity, debt, real estate, commodities, and more.
Over the past years, tokenization has been steadily gaining traction as a means of modernizing financial market infrastructure and creating new alternative investments. There are numerous benefits of tokenization, one of them is the ability to help SMEs receive the capital needed from a wider range of investors and, on the other side, allow investors to diversify their portfolios; its versatility allows tokenization to be applied across different sectors, from real estate to investing in fine arts, to restructuring debts and also to support low-carbon and climate-resilient growth, ensuring that those processes are secure, transparent, auditable, and integrated with other digital channels such as e-KYC/AML for investor onboarding [5].
Faced with a scenario where Sustainability is at the center of attention at a global level, many so-called sustainable initiatives arise and, with them, two problems: how to reward legitimate initiatives and how to avoid that vague or even dishonest initiatives are also rewarded? These two symmetrical points are vital to encourage people to have sustainable attitudes in general, while avoiding merely speculative actions or actions with no real impact. In summary, a global, decentralized rewards ecosystem for sustainable attitudes and projects must be established.
IFGICT and ENELTEC, TAC, LRGE, and Biotecam companies, with support from Alya Nanosatellites, are partnering in a global blockchain-based initiative named “Things Go Online” that came to serve both points, creating a safe and auditable rewards environment
Dr. Kayyalil, IFGICT President mentioned that “Such imitative with Brazilian companies would allow comprehensive building of blockchain in the era of crypto technology”
ThingsGo.Online (TGO) mission is to “Create Internet Value for Sustainable Projects and Attitudes”. Its goal is to become the main global, decentralized rewards ecosystem for sustainable attitudes and projects, bringing innovation to the traditional environment impact mitigation market, such as carbon credits and carbon markets. Its vision is to engage and make it easy for every person and every size company to account for and to mitigate their environmental and social footprint, by running, working on, or supporting sustainable projects and attitudes.
[1] Schwab, Klaus, “Now is the time for a ‘great reset'”. World Economic Forum, June, 2020;
[2] Schwab, Klaus; Malleret, Thierry, “COVID-19: The Great Reset”, Agentur Schweiz. ISBN 978-2-940631-12-4, July, 2020;
[3] Georgieva, Kristalina, “The Great Reset”, Remarks to World Economic Forum, June, 2020;
[4] Mariam Al Muhairi, Marek Termanowski, Mark Balovnev, “Tokenisation and Digital Assets: A Transformative Approach Towards Investments”, United Arab Emirates (UAE) Centre for the Fourth Industrial Revolution, Nov, 2020;
[5] Abdulla Bin Touq, Mirek Dusek, “Digital tokens could transform the economies of the Middle East and North Africa – if the governance keeps up”, World Economic Forum – Global Technology Governance Summit 2021, 06-08 April 2021.