A utility token gives the owner cryptographically secured rights to use a particular software, network, or platform and the ability to redeem the token for a currency or good.
Since 2017, there have been more than 5,500 ICOs, with many coming under scrutiny.
GBBC profiles 17 token projects to illustrate the numerous functional examples of firms and projects that are building and making significant progress, with Powerledger highlighted for its innovative technology.
“As the next wave of innovation integrates these new sources into energy systems, companies using blockchain are creating marketplaces that provide new ways to trade energy to create resilient, low cost, and clean energy markets, with Powerledger leading the way,” the report said.
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