All You Need to Know About Tokenization Development

by Vanessa Jane Block chain consultant

Today, blockchains are finding applications in a variety of industries. They are no longer restricted to functioning as a ledger for storing and trading cryptocurrencies. The technology is used extensively for optimizing different supply-chain and documentation processes among other things.

Another sector where blockchain is gaining popularity is the area of tokenization. To understand simply, tokenization is nothing but the conversion of physical or virtual assets such as buildings and business stocks into digital tokens and storing the same on blockchain technology. These tokens denote ownership rights and can be transferred between different users. Many experts proclaim that this type of fragmented ownership has the potential to disrupt traditional industry practices and also help liquidate large or expensive assets with relative ease. Read more - https://medium.com/@scottmacyy/everything-you-need-to-know-about-tokenization-platforms-306e7028b2de