Thank you for pointing out the Ethereum Classic issue. I have been remarkably blind to this one, it took two people telling me and a lot of staring at the screen. I have fixed the reply now.
Smart contracts don’t actually need the blockchain. We have had the equivalent of smart contracts in MMORPGs since late 1970s (Lambda Moo). An open blockchain is an awfully expensive way to do it.
With tokenization, having had some definition issues higher up in the thread, I have to ask first, what do you mean by tokenization exactly, where do you see use of that, and why do you associate this use with the blockchain?