Cryptocurrency VS fiat currency, tokenization presents five main advantages
In addition to holding and trading, monitoring price fluctuations, and debating the future of cryptocurrencies VS fiat currencies, something more revolutionary is happening: tokenization. It represents real-world commodities and alternative assets on the blockchain, and reflects the rights to them through encrypted tokens.
But don’t tokens only raise funds in the IOC? That's right. But there is more than what you see on the surface. The tokenization of the economy from real estate to finance can increase efficiency, reduce costs, ensure transparency, and allow the democratization of investment opportunities. In addition to this, let's take a look at five other major advantages.
1. Decentralized ownership
Through smart contract technology, we will no longer need a central agency to collect their fees and act as our trustworthy custodian. The ownership of assets can be easily transferred on the blockchain without friction or long delays and the need for middlemen.
2. Increased liquidity
Imagine a multi-billion-dollar "unicorn" start-up, but its owners still rely on a start-up salary and cannot unlock its value. Or an apartment owner who owns hundreds of thousands of dollars but can't get cash.
Tokenization will allow us to release liquidity from illiquid assets that are difficult to physically divide. Their high value (think real estate), due to the long lock-up period and high down payment, prevents them from entering daily life. Tokenization will bring liquidity, allowing us to buy and sell a small portion of assets.
3. Partial ownership
Each token represents a small part of the overall value of the asset. This reduces the barriers to investment and allows anyone to own a small piece of assets, which opens up the market for investors. They also have the right to obtain a certain percentage of the profit and loss of the asset value, or the ability to make voting decisions.
4. Accessible all day
Just like cryptocurrency, your assets can be bought and sold at any time through instant smart contract technology. There is no need to wait for banks or markets to open anywhere.
5. Frictionless ownership transfer
The tokenization of alternative real-world assets allows for immediate transfer of ownership. Through banks, custodian banks, clearing houses, etc., this is a simple peer-to-peer technology that allows even transfers between two parties.
ConclusionTokenization will forever change the way people own assets. Blockchain technology may still be in its infancy, and infrastructure is still under construction, but just as the democratization of information and communication technology provides investment opportunities, the tokenization of real-world assets will enable people to obtain wealth more equitably and more easily. .
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