Ggool: The Power Of Tokenization And Proving Anything Can Be Economic Fuel

The tokenization of everything is underway. This is something that was discussed a great deal yet some are hesitant to believe it.

It is theorized that, at some point in the future, we are going to get rewarded for most everything we do. This is going to mean that people will have cashflow coming from many different directions.

Tokenization enables the monetization of everyday activities. If there is value in the activity, then it can serve as an economic basis. Over time, with the conversion of more areas of life, we will see massive economic expansion.

Cgool: Building An Economy On Sh*t

Cryptocurrency is enabling the release of innovation and creativity across the world. With the ability to tokenize anything, individuals are coming up with ideas that will lead to the formation of small economies.

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The latest is a venture out of Korea. It is looking at developing an economy based upon excrement.

Few can doubt the value of excrement. We see this used on farms as manure to fertilize land. There is also the potential for energy production. This is what is emerging right now.

Cho Jae-weon, an urban and environmental engineering professor at the Ulsan National Institute of Science and Technology (UNIST), has designed an eco-friendly toilet connected to a laboratory that uses excrement to produce biogas and manure.

The BeeVi toilet - a portmanteau of the words bee and vision - uses a vacuum pump to send faeces into an underground tank, reducing water use. There, microorganisms break down the waste to methane, which becomes a source of energy for the building, powering a gas stove, hot-water boiler and solid oxide fuel cell.

This is one way to approach the renewable energy arena. By turning human waste into something productive, we see another step forward in reducing our impact upon the environment.

Of course, designing a smart toilet is nothing new. There are a number of them on the market, most usually focusing upon data.

What is different is the addition of tokenization. Here we see where the Ggool token enters the picture.

Cho has devised a virtual currency called Ggool, which means honey in Korean. Each person using the eco-friendly toilet earns 10 Ggool a day.

According to this Reuters article, the Ggool can be used by students on the campus of the University of South Korea to buy books, coffee, and food. The later, we could say, helps to create a circular economy.

Producing excrement is something that we all do naturally. Yet here is an example of how people are being rewarded for doing it. Suddenly, going to the bathroom can be a financially profitable exercise.

Economic Value Everywhere

We could say this is a baseline. If waste can be used as a foundation for economic activity, than anything can. Here is a topic that most avoid discussing for obvious reasons. However, it could serve as a basic income of sorts. Since we all produce a certain amount of excrement a day, we have a pretty good idea of what is coming in.

Perhaps Ggool can become the world's leading stablecoin. If nothing else, we know the growth curve will be steady. Humanity is not likely to double its output of excrement overnight.

Nevertheless, here is where we see technological advancement and tokenization joining forces. We know tokens are a reward mechanism to incentivize people to take particular action. In this instance, the desired outcome is to use the human waste productively. Turning it into methane and using it for energy is a terrific transition.

This does open up the door for many other opportunities. With the world going "smart", toilets are not going to be the only device that can be tokenized. Ultimately, we will see much of what we own following a similar pattern.

For example, we all know our browsing history or what we view on television is of value. Presently, our flatscreens generate no monetary value for us yet there is enormous wealth being created. The problem is that it belongs to the broadcast networks, applications, or platforms such as Roku™.

Tokenization changes all of this.

Convergence Is Where Massive Advancement Takes Place

Ggool is an example of **technological convergence. Much in the same way the smartphone was the joining of mobile, the internet, and personal computing, here we see two technologies put together.

Smart toilets are our future. As mentioned, there are many being researched. The data generated off them alone would be a major windfall to humanity. However, as this example shows there are other use cases.

The production of energy is vital and here we see how each person can instantly become an energy producer. No need for solar panels with this system. Of course, while that is a wonderful breakthrough, the concept of applying tokenization to it sets it apart. It also paves the way for other projects to follow.

Economic output has stalled over the last couple decades. We see this across the globe. In this one project, we see the ability to enhance the income of individuals as well as generating energy from a source that previously was wasted.

We can see how economic activity should increase as more students get the Ggool token in their possession. By using this on basic necessities in their life, they enhance the total economy on campus.

Naturally, people will state there is nothing backing the token. Actually, there is (and not it isn't backed by sh*t). This token is backed by the amount of energy it can produce. Just like Bitcoin has a certain value level due to the amount of energy required to produce one new coin, this project is backing its token by a certain volume of energetic output.

In fact, if this became widespread in certain areas, we could see people using the Ggool token to pay their electric bills. If we developed a flow chart on this, we would see how this basically results in free energy.

• Produce excrement which is used to generate the energy
• Get paid Ggool for excrement
• Pay electric bill in Ggool received for producing excrement

The important point in all of this is that, whether Ggool becomes something or not, the idea is leading others to follow. This shows the power of tokenization and how anything can be economic fuel.

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