Most Awaited Tokenisation Workshop To Be Held On 19/06/2019 At Mumbai!!

As we enter into an exciting new world full of technological possibilities, one must definitely embrace the fact that the world as we know now, will not be the world of the future. This is because cryptocurrency and tokenization will play a much larger role in the day to day activities of the masses.

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What Is Tokenisation?

Basically, the term token refers to a cryptographic string of numbers & letters that contains no real data but relates back to real data. Tokenisation is a process of converting assets into tokens that can be moved, recorded, or stored on a blockchain system.

In other words, tokenization converts the value stored in some object into a token that can be manipulated along a blockchain system. There are three categories of Tokens namely the security tokens, asset tokens and the cryptocurrencies.

How Is Asset Tokenisation Beneficial?

The Blockchain Distributed Ledger has attributes that is very appealing to the investors. Usually, the assets tokenized on blockchain are quite beneficial, know how:

Immutable: If an investor buys tokens, then nobody can erase his ownership.

Accessible: Tokens are accessible from anywhere in the world, 24/7. For example through a smartphone app.

Divisible: Tokens hold greater liquidity. Hence, it increases the value from trade and eliminates the need for minimum investments.

Cost-Effective: Usually, tokens eliminate the middlemen. This limits the investment accessibility by restricting investments to accredited investors only, demanding high fees and requiring access to stock-trading accounts.

Transparent: Tokens represent the asymmetry of information present during transfer of ownership.

Tokenisation From A Software Development Perspective

Asset tokenisation on blockchain, requires distributed ledger infrastructure for its development. This mechanism is quite similar to the classic blockchain system. But then, you require a protocol consisting of a chain of smart contacts for payments and transfer of legal rights to an asset, wallets to store tokens, and a trading platform to trigger the whole mechanism.

Moreover, there are a few differences in the types of tokens used in this particular case:

Utility Tokens: In utility tokens, user can easily access a product or a service. Ex: Filecoin, Sia Security tokens.

Security Tokens: Security tokens usually represent the actual ownership of an asset. Ex: Securrency, Securitize, Swarm.

Bengaluru Crypto Summit

On May 31, 2019, there was a tokenisation workshop held at Bengaluru Crypto Summit. In the event, the guests were delighted to attend the tokenisation, crypto and blockchain workshop. This workshop provided the guests with the best market price and insights for legitimate issuance, distribution, private offering and management of securities in digitally wrapped form. Also, the Crypto Summit is scheduled to be held at Mumbai on June 19, 2019.

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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