Dedalus Discoveries | Unlocking blockchain tokens: key valuation factors and new applications

Press release
Dec 24, 2023

The Technical Department of Science of the Technical University of Cluj-Napoca, as a partner of the DEDALUS project, has released the paper “ Review of Blockchain Tokens Creation and Valuation” in the field of the project.

This study addresses the challenges in the valuation and application of blockchain tokens by reviewing existing literature to identify the main factors influencing their value, investment potential, and use. While blockchain tokens offer benefits like easier market access, increased liquidity, and automated processes, their valuation remains difficult due to a lack of intrinsic value, high volatility, and regulatory uncertainty. Using the PRISMA methodology and the Web of Science database, the study explores the technical aspects of token development, including their creation, issuance and management on the Ethereum blockchain using smart contracts. It identifies key factors impacting tokenomics, such as demand and supply, market conditions, macroeconomic trends, and social incentives, and it highlights promising use cases in areas like asset digitisation, supply chain management, and governance.

Aligned with these insights, the DEDALUS project aims to create an innovative platform powered by blockchain and AI technologies, potentially transforming how buildings participate in demand-response programmes. By utilizing blockchain tokens, new strategies for citizen engagement and flexible compensation can be developed, going beyond traditional financial incentives to include values like sustainability and local economic support. This approach could redefine the value proposition of demand response, aligning it with broader societal and environmental goals.

The full paper is available at this link on the Resources section of the project website.