Boris Akimov, a farmer and the founder of organic food start-up LavkaLavka supported by its own blockchain token, will use the Waves Platform to tokenise his own skills and time. He is one of the first entrepreneurs to explore this new application for the blockchain.
Akimov, Founder of LavkaLavka and BioCoin, stated: “In fact this is a simple idea in principle. I have certain skills, knowledge and experience, as well as my time in which I apply them, which is what will be tokenised. Token owners can receive the benefits of this experience for a period of time, depending on how many tokens they have. The more competent my work, the higher the demand for my skills and knowledge, and the higher the value of the tokens on Waves’ built-in decentralised exchange. Conversely, the lower the quality of my work, the lower the value of the token. This ‘free market’ approach to my own abilities is very appealing and to me, represents one of the great strengths of blockchains and cryptocurrencies.”