Tokenization: Difference between revisions

   

== Why blockchain business ==

The opportunities that blockchain provides are of interest to any large business, as well as the public sector. From the very appearance of this technology, it became clear that in the future it forms an economy of mutual trust, will allow companies and ordinary people to carry out financial [[transaction]]s without intermediaries and in a matter of seconds, will exclude any possibilities for falsifying elections and referendums, will give users the right to manage their "digital footprint" on the Internet, will help content creators to receive decent remuneration for their works will negate piracy and open up limitless opportunities for the development of new types of business.

   

While [[cryptocurrency|cryptocurrencies]] are developing best on the basis of blockchain, nevertheless, the interest of customers is gradually moving from the theoretical plane to the practical one and many large companies are implementing a distributed registry to automate key business processes: document management, logistics, voting, financial transactions, loyalty programs, user and customer accounting, collecting investments, [[issuing]] [[digital asset|digital shares]] and much more.

== Trusted environment ==

The technology is designed to provide a so-called trusted environment where each participant and its operations are verified by several independent network nodes. In such an environment, contractors united by one end-to-end business process can quickly transfer [[data]], documents, valuables, and conduct mutual settlements without worrying about the formalities that [[smart contract|smart contracts]] take on — contracts between participants set out in the program code. Thus, employees of companies get rid of redundant communications, the time of their interaction is reduced, the need for face-to-face meetings often disappears.