>>We're not seeing ICOs to build factories or farms or do real stuff. Decentralized prediction markets, CPU-renting markets and ad networks aren't doing real s

>>We're not seeing ICOs to build factories or farms or do real stuff. Decentralized prediction markets, CPU-renting markets and ad networks aren't doing real stuff? Blockchain-based tokens provide little advantage for representing claims to real assets like factories and farms. Where they're most useful is as currencies in decentralized autonomous organizations, since they are programmable and thus can be used in smart-contract enforced compensation/incentive mechanisms. In contrast, any token representing a legal claim to a real physical asset would certainly not be a utility token. It would be a traditional security, and thus would find much less of an advantage in being on a blockchain, since it can't take advantage of smart-contract based enforcement, given its dependence on the traditional legal system. That might change in the future if large liquid securities markets appear on the blockchain, but right now the low-hanging fruit is utility tokens for use in decentralized applications.