Asset-backed security tokens are just blatant skeuomorphism. Sure, let's replicate the old ways of doing things on the new technology. Utility tokens are the innovation. Imagine a service but instead of being offered by a company, it's delivered by a decentralised network of participants. The shareholders are the workers. No need for the management layer as the incentive mechanism is built in. You add value to the network to earn tokens and grow your share of ownership. The network becomes more useful, increasing the value of the tokens. A p2p economy with money flowing directly from the customers to the workers. There is no profit being extracted. The worker OWNS the means of production.
