{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/secondary-markets",
 "identifier": "kaal:entity:secondary-markets",
 "name": "Secondary markets",
 "termCode": "secondary-markets",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
 "canonicalForm": "https://wulfkaal.github.io/entities/secondary-markets.md",
 "sha256": "2a3553aaeadd17b23bc14d167bc8f7e0a5359caa9d1c42c336ef6bcc2aae3b35",
 "additionalProperty": [
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   "@type": "PropertyValue",
   "name": "status",
   "value": "derived"
  },
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   "value": 2
  },
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   "value": 2
  },
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   "@type": "PropertyValue",
   "name": "year_span",
   "value": [
    "2018",
    "2021"
   ]
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   "name": "non_current_claims",
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  }
 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3227933-036",
   "identifier": "kaal:claim:3227933-036",
   "text": "Unlike a conventional corporate loyalty program, company or industry tokens offer liquidity, because platform participants can sell and transfer them on crypto exchanges or secondary markets, which integrates the token and the platform into the mainstream economy.",
   "abstract": "Platform participants can sell and transfer them to other interested parties on crypto exchanges or secondary markets. These parties could be the \"public\" or a more restricted and pre-defined group of people. Either way, it integrates the token (and the platform) into the mainstream economy.",
   "citation": "Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018). SSRN: https://ssrn.com/abstract=3227933",
   "datePublished": "2018",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "existence of crypto exchanges or secondary markets"
   ],
   "source_pdf_sha256": "a9e9660c4dc25a2202f1da4e762f5885256e05f68c53ca51942f5833a7a4c108",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3808859-030",
   "identifier": "kaal:claim:3808859-030",
   "text": "Tokenization of assets is the issuance of a digital asset that forms the digital representation of an existing real-world asset, analogous to securitization in that it converts liquid or illiquid real-world assets into tradable digital instruments.",
   "abstract": "The tokenization of assets refers to the process of issuing a digital asset that forms the digital representation of an existing real-world asset.",
   "citation": "Wulf A. Kaal, Decentralization – Why We Need Technology Infrastructure Upgrades (2021). SSRN: https://ssrn.com/abstract=3808859",
   "datePublished": "2021",
   "claim_type": "definitional",
   "confidence": "asserted",
   "is_failure_mode": false,
   "scope_conditions": [],
   "source_pdf_sha256": "304ad25d43b5ecea3158e3a2ca04e6e1e3bd2958e2134e2dcefbfedf3b6f3ab7",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'secondary-markets'. Derived node: a roster, not an adjudicated definition."
}