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  • Created Date: 2020-11-09
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What's Asset Tokenization?

Tokenization of assets refers to the process of issuing a blockchain token (specifically a security token) that digitally represents a real tradable asset — in several respects close to the conventional securitization process, with a modern twist. 

Tokenization of assets refers to the process of issuing a blockchain token (specifically a security token) that digitally represents a real tradable asset — in several respects close to the conventional securitization process, with a modern twist. 


Blockchain-based tokenized equity provides the advantages of low-cost, convenience. In which a corporation issues shares in the form of digital assets such as crypto coins or tokens.


Accounting Scheme 


Asset Tokenization uses the standard Ethereum 2.0 account as an ERC20 token. These accounts are secure and can not be compromised or stolen because the private key has not been exposed. Assets can be deposited in a Ledger in the blockchain or any other wallet that supports an ERC20 token.


As we have seen in times of economic instability, toilet paper is becoming a global safe haven product. Not only does this white paper explains the brilliance of a cryptocurrency backed by assets, but also discusses the technological and economic rationale behind its development. 


History


An Asset Tokenization is planned to be used as a decentralized toilet paper factory. Users can invest in physical assets in the blockchain as reliable digital assets.


Smart Contracts 


Usually, ERC20 tokens can assign all tokens to the owner or will have an ICO that allows the sum of Ether to be sent to the owner for an initial token offering. Instead, The new Toilet Paper Token operates 100% backed by real, physical assets. The smart contract manages TPO transactions as well as creates/destroys tokens when translated to actual toilet paper. The Smart Contract can use funds from Amazon's Toilet Paper manufacturer's accounts to purchase and ship toilet paper to its owner.


Read More about Asset Tokenization with Ethereum 2.0 Ethereum.org  
https://www2.deloitte.com/content/dam/Deloitte/lu/Documents/financial-services/lu-tokenization-of-assets-disrupting-financial-industry.pdf


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