May 12, 2020
Digitization of assets is a process during which the rights to an asset are converted into a digital token on a blockchain. Ownership rights are transmitted and traded on a digital platform, and therefore the real-world assets on the blockchain are represented by digital tokens. Whereas blockchain is referred to as a decentralized ledger of all transactions across a peer-to-peer network and the said technology is a sort of next-generation improvement software. After the introduction of cryptocurrencies and ensuring more & more practical application of blockchain in companies and main scale industries, the increase of digital assets is the next innovative step to occur in the blockchain industry.
The blockchain plays a crucial role in making it possible to maneuver towards the digitization of a physical asset. Thanks to its transparent and distributed nature alongside being auditable, immutable. Converting a physical asset into the tradable digital asset can unlock the worth of real-world assets making it possible for his or her exchange in real-time, thus, the Blockchain platform is capable to supply a better degree of liquidity.
Intangible Assets, Fungible Assets, and Non-fungible Assets are the sort of assets that can be created on the blockchain, and while creating the digital assets on the blockchain, the primary step is to select an appropriate blockchain platform and then a smart contract environment. The Digital Asset Blockchain Platform is run with no middlemen and no regional barriers; hence, the user experiences the reduced transaction costs with increased liquidity.
At JD Coin, we are all set to introduce all-new fully reimagined 4th Generation Blockchain which will be a new algorithm based on an intricate combination of Proof-of-Stake(POS), Proof-of-History(POH), and Proof-of-Reputation(POR) consensus with a hybrid on-chain atomic swap with cutting edge compression technology. The technology is bound to enhance the digitization of the assets in a way that will contribute to measureless innovation in the market.