From manager to self -use: How to change the asset ownership of the blockchain
Through blockchain technology, the world has been able to innovate in an impossible way before. This technology will allow people to access the global financial system, just as they were not capable before.
All assets that the person who owns before the blockchain can generally have. The manager is the same corporation as a bank, provides an account and allocates your assets to your account. However, the bank has an asset on behalf of you. The bank collects all the deposits together and uses it to make money, some of which will share with customers. Also, if the bank stops the business, the customer must return the assets through the bankruptcy process.
Of course, not all assets are cash. You can keep your certificate to your home in your home, but you will preferably choose a lot of valuables in the bank in the bank. Almost all traditional financial systems are based on the use of these financial brokers who use them to raise their assets and make their own profits.
The blockchain turns it over to the head. As a user of a blockchain, you can nurture assets or proxy of assets. This is called self -use. The user can do a transaction by giving a temporary access to external parties, but self -users can only access the user.
Why do you bring assets to the blockchain?
As legal guidelines develop to better reflect this new technology, we need to bring all the traditional asset classes to the blockchain. Stocks, debt, RWAS (real assets) and most other existing assets have an option type available in the blockchain. You may wonder why there is a demand for this.
First of all, the traditional financial market is silil. Investors in one country cannot easily approach other countries’ investment opportunities. In addition, some countries around the world cannot access the global financial system at all. This means that there is no demand for assets due to friction in the current traditional financial system.
Second, the fact that the blockchain is an immutable public director creates visibility of assets that have not existed before. Blockchain is a data that can be publicly accessible. In other words, you can see how the funds move and where the funds are sent. This does not exist in today’s system, and transparency on fraud and other financial crimes often occurs for a long time.
Finally, this transparency will lead to 0, but not completely free, but will head to zero. We saw an example of this in traditional finance when brokers began to compete to reduce trading fees. As a result, most companies that provide retail access to most stock markets do not provide transaction fees in various stocks and bonds, especially in the domestic market.
If you bring these assets to the blockchain, you will not only minimize the amount of extraction fees billed to your customers, but also use your assets to generate profits instead of financial brokers, and in general, customers pay only small parts of the profits generated by assets. The more assets for the blockchain, the more you can use your assets to make profits using assets.
This process has already begun with the creation of the Stablecoin law in the United States through the passage of genius law. STABLECOINS, a digital token connected to cash or cash equivalents, will spread further as legal guidelines for digital assets continue to emerge. The stable stability tied to the US dollar is a token of a blockchain that is supported by a company issuing a stable lecomin in cash or cash equivalents. Because of this, one Stablecoin must be able to exchange for $ 1. Blockchain fees are part of the fees billed for account management, wire transfer and overseas transactions in the financial industry today, so the dollar’s digitalization will be cheaper and more traded at any time.
How is non -cash assets digital?
Traditional financial assets will come to the block chain through a process known as tokenization. An easy example is the current market for RWA (REAL-WORLD ASSET).
Today, there is a company that brought the collection market of traditional assets and brought the demand for these products to the blockchain. Historically, if you participate in this market, there are many physical copies of trading cards, souvenirs or other types of value products. In addition to the cost of storing these physical assets, there is a cost of listing and selling online, as well as delivery to buyers, and all these measures can damage the assets to reduce value.
Instead, the blockchain RWA company issues tokens that can be exchanged for your physical assets. The key here is that the ability to exchange assets and tokens is constant. Without these interoperability, the model is not better than the existing asset intermediary. When requested, there is no essential confidence in the market operation without the promise of exchanging digital versions of assets for physical assets.
Tokens that represent assets can take assets when they perform financial transactions. It is located in a blockchain wallet (address for holding digital assets), so it is visible to those interacting. The market of the asset is much more liquid because tokens can be listed and sold without paying 25% to platforms such as Ebay. The buyer can exchange tokens for physical assets, which is an unreliable component that the blockchain financial market can be operated. The company manages the delivering assets if it is stored and insisted on assets, so asset holders can access the liquidity of assets much more easily than before the asset is tokenized in the blockchain.
Just as RWA exists as a representative of actual assets that can be collected today, many other assets will come to the block chain in the future. RWAS has no strict legal guidelines held by stocks, debt and other traditional financial assets. This is because it is a physical collection and is classified as a product instead of securities. If more products, as well as securities, enter the block chain, you will be able to purchase, transaction, loan, custody, and future proxy tokens for all kinds of assets. This allows a more transparent and comprehensive view of the value of assets.
What is the danger of self -use blockchain assets?
Blockchains opens a world of possibilities that have not existed before, creating a dilemma for users who have not existed in traditional finance or other asset classes.
For example, financial brokers provide security services to customers. People are placed in the bank because they think they are safer than buried under the backyard or mattress. If a bank is robbed, not only is it to help to restore the value of assets, but also banks will pay legal fees and reinforced security measures. Although it can be a victim of traditional financial fraud, most banks have strict fraudulent policies, including teams of people who monitor transactions, their best to perform business, and various mechanisms that help to protect customers through suspicious entertainment lists and companies. Assets are insurance, management, monitoring, and delivery, and in general, they are treated with attention on behalf of customers.
Digital assets (assets in the blockchain) are new, so these protection functions are not many. It is rare that someone swipes a debit card and worryes about the full account balance as a result of one transaction. But this always occurs in the blockchain. The enhanced technique also improved the ability to defeat defective actors to reduce fraud, fraud and food.
In addition, many questions arise when they are similar to existing financial mechanisms. For example, how do you recover your asset value if you are robbed? Digital asset insurance is in its initial stage, but most of the history of the blockchain. When you pass the world, how can your assets get your will for your next Kean, especially if you’re not familiar with blockchain and digital assets? Digital Asset Wills is also a new category of financial services for digital assets. In general, unlike traditional financial brokers who request someone to inherit assets if you die, there is no intermediary to handle this process on behalf of this process. Since then, many of the initial Bitcoin wallets, who have passed away, are unable to access the next Kean.
How can Vault12 help digital asset owners?
Asset management services such as inheritance have existed for decades of traditional assets. This is a relatively new service for digital assets, considering the short period of time that existed compared to other asset classes.
Users who want to ensure that their families can easily use their assets and easily use them can find Vault12 and support encryption inheritance management at the time of tragedy.
Vault12, a pioneer of encryption inheritance, uses advanced technology to create safe access to assets. You can determine how to keep your assets safe and the details of anyone who can access them as the owner of these blockchain assets. Guardians, the name given to the designated nominee, collectively protect digital assets. Vault12 Crypto inheritance management has been used for many years and has supported all blockchain assets.
This type of service may not be the best for blockchain users today, but Vault12 helps digital asset investors to provide the most important position for the most important people. This type of service is more common and valuable as more traditional assets appear on the block chain. It is possible to see the future that can occur by accessing the blockchain wallet through the security mechanism of Vault12’s security mechanisms of the stock portfolio, real estate certificate and minerals. The more assets in the blockchain, the more services that already exist in the existing finance are for blockchain users.
Are you ready to token everything? Have you ever thought about all the benefits and dangers of maintaining your asset custody? If support is needed, VAUL12 is ready to partner with you to secure a blockchain portfolio for you and loved ones.