[For hire Blockchain dev]Product Design and Blockchain Development - TheBlockBox

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Supply chains are everywhere. Every major and minor business relies on these supply chains to get accurate data about the raw or finished products they receive. Today’s supply chains include a tremendous amount of paperwork, which is both time-consuming and costly. In addition to that, ease of tampering with data in the current system results in counterfeit products getting into the chain of original products.



According to a WHO report, $75 billion worth of counterfeit medical products were sold in 2010 alone. And the same goes for every industry.
With the advent of blockchain, there’s hope still left. Blockchain is a digital distributed ledger system wherein the data once entered and approved cannot be tampered with. When coupled with smart contracts, blockchains can save time and cost by automating major supply chain processes. Hence, ensuring a more efficient supply chain system that is immutable.

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Step-by-Step Guide to Tokenizing Real-World Assets



Why Tokenize Real-World Assets?

Regardless of whether we’re tokenizing a real-world asset or intangible items like intellectual properties, we create an environment of unparalleled liquidity that facilitates safe and quick transactions.

What’s more, by representing real-world assets with digital tokens on a blockchain, we can trade without the need for third-party brokers. Instead, blockchain’s immutability rids transactions of any wannabe fraud attempts.

Here’s a quick rundown of the key benefits tokenizing real-world assets brings to the table:

1. Enhanced liquidity of assets (real estate is a prime use case)
2. No need for a third supervising party as transactions are verified by the network itself
3. Reduced entry barriers
4. Attracts new investors through the possibility of fractional ownership
5. Lower risks thanks to better market transparency
6. Previously difficult and long-drawn trades get done significantly faster
7. Transactions become cheaper due to substituting administrative expenses with self-authorizing smart contracts

As you can see, tokenizing real-world assets can be a genuine game-changer for a plethora of markets. We’re not dealing with mere cosmetic alterations – tokenization represents a radical series of enhancements that completely changes the market’s landscape. It levels the playing field for investors while cutting out the middle man, while also making transactions quicker and safer.

Read more: https://www.theblockbox.io/step-by-step-guide-to-tokenizing-real-world-assets/

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TheBlockBox is ranked #5 in Top Blockchain Development Companies in 2019 by an analytics hub - Techreviewer

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Have you met Nena?

Nena is the Founder, CEO at the BlockBox.



1. She recognized how blockchain and crypto can democratize Fiat back in the 1990s when severe inflation flooded Eastern Europe where she's originally from.

2. Working at Apple made her adapt to agile working methodology - something she grew accustomed to and pass on to TheBlockBox.

3. She strives for education and pushes others to follow her footsteps - especially in the Blockchain.

4. She believes that the Blockchain is the next disruptive technologies of the 20th century.

Read an entire interview here: https://hackernoon.com/ww-nyu3yt1

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Most popular Smart Contract Platforms

Ethereum is the world’s leading programmable blockchain, launched in 2015. It is an open-software platform that provides blockchain developers with ability to build and deploy limitless number of DApps. Since Ethereum is programmable and versatile, Ethereum Smart Contracts can deliver more than other blockchains. Ethereum Smart Contracts are considered trustworthy, once they are “uploaded” to Ethereum, they will always run as programmed.

Hyperledger Fabric is the blockchain protocol, infrastructure and network that enables development, deployment and application of the permissioned blockchain. Hyperledger Smart Contracts rely on a highly modular container architecture, which is underpinned by interchangeable consensu. This technology enables impressive scalability and flexibility for different use cases. Hyperledger Fabric allows components like consensus, access setup, entitlements to be plug-and-play.

Quorum is a private, permissioned Ethereum-based distributed ledger protocol (minimalistic fork of the Go Ethereum client a.k.a geth), that was specifically developed for Banking and Financial industry. Quorum features and functionalities find it’s application in financial services are among others transaction and contract privacy, controlled permissions management, scalability and higher performance and multiple voting-based consensus mechanisms. We are very proud to have developed and deployed in test environments one of the first Quorum use cases.

We are a team of dedicated blockchain engineers, product managers, front and back end developers, cybersecurity and DevOps experts. We deliver top-notch smart contract development services on Solidity (Ethereum), Stellar, Quorum, Hyperledger Fabric, Corda, Lysk, and EOS blockchain among the others.

If you like what you hear, hit us up at: info@theblockbox.io