Encoding real assets in Blockchain
It is the process of giving real values in the blockchain to existing assets
On the ground and make it tradable on the network
To achieve a more precise definition
It is the possibility of buying and selling any physical component, such as real estate, for example, through Block Chain
After we gave the idea in general, we try to give examples, some of which are historical, of encoding assets
The first asset tokenization process began with the digital dollar Tether
It is the first real encryption process in Blockchain
Where every 1 ethereum corresponds to 1 real dollar
(supposed)
Then encoding operations continued, which only kept the dollar as the original symbol, such as:
And so on
Then a process of encoding gold appeared in the form of currency
paxg
Each coin represents 1 gold ounce and has the same global gold trading price. It is affected by what the global gold price is affected by.
There was also an Arab attempt to tokenize real estate in the Dubai Financial Assets Market
aqar chain
It is a Block Chain network whose goal is to encode the property to be sold
But because the Dubai market was considered the place of origin and did not accept the idea in general, the project was born dead
Efforts are still ongoing and are being led by giant companies such as BlackRock for the purpose of coding assets to facilitate the trading process, such as the process of coding stocks owned by companies, which facilitates the trading and storage process and negates the need for...
custodian finance
The custodian who shares a percentage of the profits with you
