Blockchain technology experts, every day they deal with creating tools that have a useful impact on real life, in order to promote the adoption of technology in chains and improve the economy from the use of cryptocurrencies, which is a system economic different from the traditional.
From the perspective of generating utility in the real world, Real World Assets arise, and from now on I will refer to them with their acronym RWA. These #RWA are not new projects, they have been for some time, but there is little dissemination of the concept.
In this sense, to contribute to the dissemination of projects, @DAO Labs through its #SocialMining service system, you have available workers willing to collaborate, in the dissemination of technological projects in Blockchain.
Today I bring the subject: "The tokenization of the RWA". A concept that develops in the @Polygon $MATIC and Avalanche $AVAX blockchain. I share with you what I have learned about the RWA through research.
RWA are tangible physical assets outside the digital area. This kind of assets include real estate, raw materials, machinery, art, precious stones such as diamond, bonds and many other things.
Now, see how Blockchain technology has designed a model to bring the cryptocurrency industry, the RWA through tokenization.
Sounds weird, it can be, but it is true, and they have already done so.
Function of RWA tokenization
Tokenization is a simple process, physical asset becomes digital token, but needs to follow a procedure.
Let's see how the process occurs in a blockchain. Imagine what is in Binance $BNB Smart Chain.
1️⃣ Identification of the Assets: Building.
After choosing the physical asset that will be tokenized, it must be identified, to illustrate this example I will use a building, an asset in the field of roots.
2️⃣ Evaluation and Registration: The evaluation consists in determining the value of the building and is recorded in the blockchain that has the mechanism through intelligent contracts. The registration contains the precise information to establish the value of the building and full identification.
3️⃣ Tokens creation: The created token represents in fractions the value of the building. Suppose the building is valued at $ 1 million, then 1 million tokens are created, each token valued at $ 1 dollar represents the value of the building: $ 1 x 1 million tokens = $ 1 million dollars.
4️⃣ Initial offer: It is the sale of tokens in the cryptocurrency market, the users who buy, will own a part of the building, represented in the amount of acquired tokens.
5️⃣ Exchange and trade: It occurs in the cryptocurrency market through exchanges such as #Binance where large and small investors buy and sell their tokens associated with the building.
6️⃣Management and Dividends: The income that the building generates by rentals, are distributed to the tokens holders according to their participation, that is, everyone who bought and maintains the token in its wallet that represents the building, receives a part of Rental dividends, the more tokens possesses, the more receives.
The tokenization of RWA is a way of having liquidity and giving access to smaller investors.
Key security measures
Security is an aspect that must take into account before token or invest in RWA.
1 Intelligent contracts
2 Security Audits
3 Regulatory compliance
4 Safe custody
5 Transparency and traceability
6 Insurance
These measures are key to a safe and reliable environment for RWA and investors.
Blockchain highlighted in the tokenization of the RWA
1. Ethereum $ETH : For its robust intelligent contract infrastructure, it is the most used blockchain.
2. Avalanche: Transparency and efficiency driven by Avalanche, positions it for cryptographic value trade platforms such as Oasis Pro, to create a tokenized diamond fund.
3. Polygon: offers scalable and low -cost solutions. In this blockchain layer 2, Tangible a platform that tokeniza RWA via NFT (non -fungible token), develops access to tokenized and fractional real estate through the NFT market.
These Blockchain contain the infrastructure required to token and market the RWA.
This is a space to share about technological projects in Blockchain, the objective is to inform, it is never a financial council, please always Dyor.
Sources:
- Coinbureau point es
Best Polygon projects
- Diariobitcoin point com
Avalanche drives the tokenization of diamonds with a new background
- Blockpps point net
understanding the technology behind rwa blockchain basics