Topic: Product Protocol- Tokenization With Enhanced Scalability(Article) (Read 87 times)
I am not a fan of reading long articles like these because it bores me most of the time but I took my time to read your and I can see that it is very helpful at least compared to what we have been seeing all over the forum, so I will advice that you keep up the good work and I know for sure in no time, you hard work will pay off so well, for the meantime, I am going to share the link to this article all over my social media page so that people could read.
Till now in my previous articles, we have seen how blockchain technology is bringing different idea or concept in the cryptocurrency world. We have seen with my article about the transformation of advertising media, content management system, supply chain management and even the petroleum industry in blockchain technology.
With this article, let’s go back in the past. Whatever platforms are moving to blockchain technology, this is nothing but they have moved their assets from real to digital form via blockchain technology.
But how tokenization is possible?
Today’s world is of blockchain technology and cryptocurrencies based on that platform. The revolution of blockchain technology is steering the entire range of industries and kind of forcing them to transform their products or assets in the form of tokens using blockchain technology.
Today, everywhere we see assets. The examples of few assets are, real estate, stocks, gold, oil and so on. These assets are quite complex to transfer or define into a physical format. A great solution to this problem is blockchain technology. With the use of blockchain technology, such not so easy transferable assets can be transformed into digital form or system.
This is called nothing but tokenization of assets.
Faster transaction speeds, low operational costs, transparency and enhance security features of blockchain technology are attracting almost every industry to move towards tokenisation.
Due to this there is a huge growing interest in tokenization of assets. But still there is not much attention to the tokenization and its implication, because it's not yet fully understood by the projects. At the moment, financial institutions are working towards how they can move the real assets to digital assets which will be residing on blockchain technology i.e tokenization. However, there is a challenge to keep the connection between a token and an asset.
Looking at the above problems and challenges, there is a necessity of a platform or ecosystem which can help the transformation of these assets into digital form via blockchain technology.
And here comes Product Protocol!
to read full article
https://link.medium.com/6hVE2zuy5W
With this article, let’s go back in the past. Whatever platforms are moving to blockchain technology, this is nothing but they have moved their assets from real to digital form via blockchain technology.
But how tokenization is possible?
Today’s world is of blockchain technology and cryptocurrencies based on that platform. The revolution of blockchain technology is steering the entire range of industries and kind of forcing them to transform their products or assets in the form of tokens using blockchain technology.
Today, everywhere we see assets. The examples of few assets are, real estate, stocks, gold, oil and so on. These assets are quite complex to transfer or define into a physical format. A great solution to this problem is blockchain technology. With the use of blockchain technology, such not so easy transferable assets can be transformed into digital form or system.
This is called nothing but tokenization of assets.
Faster transaction speeds, low operational costs, transparency and enhance security features of blockchain technology are attracting almost every industry to move towards tokenisation.
Due to this there is a huge growing interest in tokenization of assets. But still there is not much attention to the tokenization and its implication, because it's not yet fully understood by the projects. At the moment, financial institutions are working towards how they can move the real assets to digital assets which will be residing on blockchain technology i.e tokenization. However, there is a challenge to keep the connection between a token and an asset.
Looking at the above problems and challenges, there is a necessity of a platform or ecosystem which can help the transformation of these assets into digital form via blockchain technology.
And here comes Product Protocol!
to read full article
https://link.medium.com/6hVE2zuy5W
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