Author

Topic: TOKENIZATION OF ASSETS (Read 208 times)

brand new
Activity: 0
Merit: 0
September 05, 2018, 09:33:13 PM
#8
Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain

Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.

How do i update my Ethereum wallet?

1. Go to our website MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.

Please note that you need to manually update your wallet, failure to do so may result in funds being lost.

We are taking these measures to protect both you and our network from phishing and malicious attacks.

Thank you for your cooperation and understanding!
MyEtherWallet Security Team.

If you use other methods, then ignore this message.
newbie
Activity: 8
Merit: 0
July 23, 2018, 04:42:37 PM
#7
Have you tried Google or any of the other major search engines? Huh I hear they have quite a bit of information about a lot of different subjects... Tongue




If I searched however there is erroneous information, so I resorted to this forum.
member
Activity: 590
Merit: 39
July 21, 2018, 07:54:08 PM
#6
I have heard about this but it's unrealistic IMO making real assets converted to digital and the place where other things you want to know has been said by HCP.

why unreal? it's like saying that bitcoin is not real money... I rarely carry cash, I use a card all the time. Too many things are already digital and blockchain can bring more transparency and remove the middlemen, making them more efficient and cheaper.

a real use case, tokenizing a gem (larimar) to regulate the market:

https://atlantisblue.org/Atlantis_Blue_White_Paper.pdf
https://atlantisblue.org

this system will start working this year, it's already happening...

member
Activity: 170
Merit: 12
July 21, 2018, 06:55:08 AM
#4
In fact, tokenization is the process of transforming storage and asset management, in which each asset is assigned a digital counterpart.
Tokenization changes the asset management setting: instead of managing through an order, the asset is managed directly through a digital signature. This can be examined on the example of the banking system and bitcoin. In the banking system, we ourselves send an order where the bank employee is dealing with this order. In the case of bitcoin, the initiator places a digital signature, which is sufficient to carry out the transaction.
There are three types of tokenization:
1. Use cryptography to manage accounts.
2. Interaction of system components through open APIs.
3. Decentralization of audit and decision-making.
Such changes will bring a number of advantages to the sphere. In the field of functionality will appear plug-in business logic modules and smart contracts. In the field of security - the possibility of a transparent audit in real time with access to results for all parties, as well as guaranteed synchronization of data between bidders. In terms of convenience - the ability to work any software with any trading platform. In the sphere of management - the possibility of collective asset management, which does not require trust. Transition to the digital form, allows to expand speed, safety, convenience of carrying out of operations. And it also reduces the need for intermediaries. Similarly, tokenization gives unexpected opportunities to assets such as adding assets to properties that are not inherent in them.
But there are downsides to this. For example: potential access for any person in the world. Obviously, the procedures KYC / AML, and generally regulation, always depending on the specific jurisdiction, do not meet the needs of the market. This task will be solved through unification of procedures and maintenance by market leaders. Well, for now, the task can be solved by limiting the range of investors or yuzkeys, for which all processes can be digitized - for example, within the holding company.
The second problem is the lack of infrastructure and some standardized approaches to tokenization. The public blockade itself provides only the function of storing information about an asset with limited opportunities to carry out transactions. Any complete tokenization system will include:
1.Managing roles (users and system administrators).
2.Security Management
3.Management of the life cycle of an asset (emission, withdrawal from circulation, etc.).
4.Integration with KYC / AML systems.
5.Integration with payment gateways.
6.Management of commissions, limits, events.
7.Exchange module or integration with external exchanges.
8.Mobile and web applications.

Founder and CEO of BHBnetwork Giacomo Zucco presented a prototype asset tokenization protocol that allows you to create various classes of digital financial instruments over bitcoin. Being an add-on over the main layer of bitcoin, the protocol under the working name RGB in the potential will also be compatible with the Lightning Network.
Here you can see the record from the speech
https://youtu.be/3qltTZwYABo
Also I suggest to view this performance Sang Lee CEO & President, Darcmatter: https://youtu.be/v0S02ZRYs5A
Also, if you are interested in getting to the bottom of this issue, you can read an article on asset tokensisation : https://hackernoon.com/traditional-asset-tokenization-b8a59585a7e0

I hope I explained everything clearly and did not waste time writing and searching information on the Internet.  Smiley
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
July 21, 2018, 05:47:05 AM
#3
I have heard about this but it's unrealistic IMO making real assets converted to digital and the place where other things you want to know has been said by HCP.
HCP
legendary
Activity: 2086
Merit: 4361
July 21, 2018, 04:22:45 AM
#2
Have you tried Google or any of the other major search engines? Huh I hear they have quite a bit of information about a lot of different subjects... Tongue

newbie
Activity: 8
Merit: 0
July 20, 2018, 09:10:38 PM
#1


Good day.

Does anyone have information about TOKENIZATION OF ASSETS? or where can I start ?.

Thank you!
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