How Ethereum Blockchain Technology Will Revolutionize Digital Asset Value

///How Ethereum Blockchain Technology Will Revolutionize Digital Asset Value

How Ethereum Blockchain Technology Will Revolutionize Digital Asset Value

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How Ethereum Blockchain Technology Will Revolutionize Digital Asset Value

Ethereum blockchain technology has a digital ledger that has every transaction, and everyone can see this ledger, but this ledger doesn’t expose personal information just digital addresses. So, Ethereum blockchain creates and cross-checks a digital ledger of every transaction that has ever happened and duplicates this record across thousands of computers because of its distributed nature. Blockchain technology is enabling trust in the ways we transfer and store value.

Blockchain technology is used to make transactions in minutes. Actually, many assets are illiquid and difficult to “move”. So, blockchain technology can be used to have liquidity, which is about easily getting in and out of assets. There are lengthy paper processes, complex fee structures, and the all-or-nothing ownership principles of our current markets that make exchanging assets for value inefficient. Using blockchain technology, it is possible to tokenize assets, and ownership can be fractionally divided and that assets can “move” easily between owners.

For example, blockchain is used in real estate. The creditors are increasingly stringent with their clients. Sellers have to wait for their credits to be accepted. And renters, can’t afford to buy an entire property, and they are stuck burning rent instead of building equity.

Indeed, Pangea is using a blockchain platform for solving this problem. So, blockchain technology is used for shared property ownership. So, a shared ownership model empowers users across the board and aligns stakeholders’ incentives to drive overall asset value.

The tokenization can also be applied to energy markets. For example, Grid+ is using blockchain technology to provide access to wholesale energy markets and facilitate energy trading between users. Furthermore, Grid+’s Internet-of-Things (IoT) devices not only balance the load on the grid but also identify arbitrage opportunities.

There are many advantages of blockchain technology (which can be used for natural resources, fiat, gold, music, loyalty points, Madonna concert tickets, software, IoT device registration, stocks, and so on). Blockchains change how society trusts.

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By |2019-03-15T19:30:24+00:00September 20th, 2018|Categories: Blockchain blogs, Blog|Tags: , , |2 Comments

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