Formed in 1967, The Civil War Token Society is an historic non-profit group dedicated to promote interest in the history and collection of Civil War token collecting and related topics. The society publishes an annual journal, maintains an online database, establishes local chapters and conducts state-wide meets periodically. It also publishes a trading glossary, a collection of popular antique military coins (and the coin collectors’ edition), a bibliography, and a price guide. A history of the society and history of Civil War token collecting is also included in its web site. The club actively encourages participation by other token and coin collecting groups and organizations.
The token collector’s group has a number of different projects. One is to work with members of similar interests to develop private platforms on which these groups can trade information. This could include:
- Collecting information about collectibles from industrial cities like Baltimore.
- Another idea is to create a central database from which collectors may remotely search for information about a variety of topics related to the token industry.
This would be a great boon to the human relations industry because it would encourage cooperation between like-minded people who have different interests.
However, the token collectors’ projects run more smoothly when they utilize a central clearing house that facilitates communication between like-minded individuals. The idea is simple: On the central clearing house, collectors post requests for articles on almost any topic conceivable under the sun. These posts are then reviewed by members before they are deleted or distributed. When the Nnie’s are ready to trade their token, a request is sent to the clearing house, and the company sends its own representative to the scene. The representative collects the items, authenticates them, and passes them off to the Nnie.
The major benefit of this arrangement is that it allows the industry to leverage the power of the internet. Anyone with an internet connection has the potential to become a member of the token community. All that is required is for them to take a few minutes of their time and fill out a form. Afterwards, they will have access to a free marketplace where they can buy and sell items as they please.
Tokenization also offers a novel way to leverage the power of the web. Unlike many decentralized apps and services, tokenization does not rely on one particular platform. Instead, all transactions are made over the web, using the most modern technology available. For example, NLP (neural network processing) and the distributed ledger technology known as blockchain-based computing provide a scalable and cost-efficient way to transfer money. In fact, some of the largest banks in the world have already begun experimenting with this technology.
It also provides a number of new ways to use the internet. Rather than being restricted to advertising and marketing, developers can now offer a new type of content, known as “Drip Pages,” through their web 2.0 applications. These pages are designed to deliver information quickly and in a structured way, much like a magazine or a newspaper. This new media option is particularly interesting because it does not require the expensive costs of paying for a printing house to print out custom ads. Instead, users can run their content on social networks and in their email inbox.
Perhaps the most exciting thing about tokenization is how it inspires new types of entrepreneurs to come up with new ways of doing business in these new industries. Even in places that do not yet have enough consumers to support a token economy, such as the sharing economy, there is still potential for new job markets. For instance, in places like the Philippines and Thailand, where people have used the coconut shell token to make money for centuries, there is already a demand for more efficient and creative artists. In Kenya, a group of teenagers recently launched the “Kikuyu Festival,” an event which allows participants to exchange items they have collected during the month of October for cash. token economies and new industries such as the sharing economy will always provide people with new ways to make money.
At the same time, however, this kind of technology may have a downside for those whose work is not creative or interactive. Because the sharing economy encourages impersonal forms of interaction, like posting links on Twitter and Facebook, it may reduce the social capital necessary for businesses to grow. In addition, AirBnB owners have a hard time getting their stories or experiences covered in traditional media outlets, like newspapers and magazines. As the trend toward impersonal forms of transaction increases, however, developers will have even less reason to create these kinds of applications if they are not to offer a service which allows the sharing economy to thrive. If the trend continues to evolve, the sharing economy will likely continue to benefit from the infusion of innovative entrepreneurs and enterprising new businesses.