TL;DR
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One use case that’s caught our eye lately is tokenized actual world belongings as a result of they make shopping for and promoting issues (like homes) cheaper, faster, and simpler.
Full Story
Critics of blockchain expertise have known as it “an answer in search of an issue.”
And we get it, blockchain expertise is tough for the on a regular basis shopper to grasp as a result of it’s basically a backend expertise.
However there’s one use case that’s caught our eye lately as a result of it genuinely looks as if one thing that didn’t exist in any significant method earlier than, and now it does.
We’re speaking about tokenized real-world belongings (RWAs).
Earlier than your eyes glaze over and we lose you, hear us out (pls)!
Tokenized RWAs are literally a extremely easy idea. Take an actual world asset like a home (for instance); and as a substitute of promoting the entire thing directly, you will have the choice to promote only a portion of it (if you would like).
All gross sales are tracked on the blockchain which is a good purpose to make use of the expertise.
However what – to a shopper – is far more essential than monitoring every thing by way of blockchain expertise?
Making the method faster, simpler, and cheaper.
That’s what tokenized RWAs can do for you.
Think about shopping for and promoting a variety of flats, single household properties, and business properties – all individually – a number of instances a day (the identical method you’d for those who had been to day commerce shares).
That ain’t taking place within the present system.
To purchase/promote only a single property you’d have to take care of public/personal auctions, brokers, brokers, legal professionals and many others, throughout a number of days/months.
So yeah, blockchain expertise is just not the answer for each drawback, but it surely’s a rattling good one for this one.