Tokenization of Assets
What it is?Tokenization of assets is the process of creation by a user of a decentralized information platform of their digital asset.
What do we do?Today, in the world, there are a few decentralized information platforms that have laid elements in their software architecture to allow the tokenization of property and personal non-property rights (tokenization of assets). The Bitbon System of Ukrainian origin is one of them. However, this fact does not limit any other digital platforms from establishing their own real asset tokenization, in one way or another. Assets can be tokenized by any Bitbon System User who has decided to create their digital asset for a convenient and safe way of managing rights to their property, in particular, for the equal exchange of such rights with other Users of this System.
Why is this important?In terms of secure property management, the main advantage of tokenization is that tokens can be fully used within their application environment, but are useless outside of it. Tokenization is considered ideal for the protection of sensitive data. Within the scope of our research activities, the tokenization of existing assets is considered as an auxiliary mechanism to regulate some economic relations, since tokenization in a new way solves the problem of voluntary participation of natural persons and legal entities in the secured property right management, and contributes to solving the problem of development of numerous modern markets of information resources, goods and services based on distributed ledger technologies as well.
What are the prospects?These prospects are undoubtedly global and long-term for both scientists and practitioners who actually develop and implement such solutions. We are in the progress of preparing some original solutions and their broader combinations for the recovery and modernization of Ukraine after its victory in the war. We are open to the formation of some research and interdisciplinary long-term alliances with European colleagues.