Evan Kuhn, president of DeLorean Labs, highlights the inefficiencies in the car reservation process, where buyers often face long waits and inflated prices due to a lack of transparency in delivery timelines. Tokenized reservations could transform this fragmented system, allowing buyers to trade their positions and reducing excessive markups. Current practices lead to significant financial losses, as seen in the hospitality sector, where cancellations account for substantial revenue losses. The automotive industry, particularly with models like Tesla's Cybertruck, exemplifies the potential for a secondary market driven by information asymmetry. By implementing smart contracts on the blockchain, manufacturers could create a transparent system where queue positions are tradable, benefiting both buyers and producers. This approach would introduce market dynamics to an industry that has historically lacked transparency. As tokenization gains traction, it could unlock new markets across various sectors, from automotive to hospitality, reshaping how reservations are managed and monetized. Read more AI-generated news on: https://app.chaingpt.org/news