Key terms and concepts

Blockchain is a chain of blocks of information, essentially analogous to a register

DAO is a decentralised, autonomous organisation, essentially analogous to a legal entity, only the information about it is in a blockchain.

Token is information that you have rights to something in a blockchain, essentially analogous to a share. A token is the rights of use and ownership. For example, a token for real estate is essentially the rights to own that real estate. The big advantage of a token is that you can have 1000 owners of a flat and trade the ownership of a part of it without complicated bureaucracy.

A DAG is a DAO that makes political decisions. For example we have 1000 people in a DAO, but only 20 of them make decisions because the rest have handed them "power tokens".

GT (goverment token) is a power token, it gives you the right to decide whether to deposit or withdraw money or DAO participants, essentially a mandate in the state house, allowing you to vote and propose an idea for a vote.

Tokenisation is the process by which we create rights to use or own something. For example, time tokenisation is when we equate every hour of your time to 1 token, and by selling that token, you give away the rights to own your hour of time.