Asset tokenization is made possible by blockchain from "summary" of Blockchain Revolution by Don Tapscott,Alex Tapscott
Asset tokenization is the process of representing ownership of real-world assets as digital tokens on a blockchain. This innovation is transforming the way assets are bought, sold, and traded by making them easily divisible, transferable, and programmable. In the traditional financial system, asset ownership is cumbersome, involving intermediaries, paperwork, and delays. By tokenizing assets on a blockchain, these inefficiencies are eliminated, creating a more efficient and transparent system. Blockchain technology plays a crucial role in enabling asset tokenization by providing a secure and immutable ledger for recording ownership. Each token on the blockchain represents a fraction of the underlying asset, allowing for fractional ownership and increased liquidity. This opens up new opportunities for investors to access a diverse range of assets that were previously i...
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