Blockchain technology helps realize "asset tokenization"

　　Speaking of the Internet, everyone is very familiar with representative products such as WeChat, Weibo, and Alipay. Their benefits are obvious, and they bring convenience and efficiency to our daily lives. Without leaving home, you can go online shopping , retail payment, search for information, or WeChat chat or email delivery of files through APP .
　　Looking at the essence through the phenomenon, we make a summary of the current Internet products , the core of which is informatization. Various products, ideas, images, documents, etc. of the real world are transformed into codes and transmitted on the Internet, through the exchange of information. Daily consumption and transactions.
　　This 20-year review of the Internet, because the Internet is the "first half" only solves the problem of asset transfer information , can be said to realize the asset information, but can not verify the authenticity of the counterparty and asset information , but also because key data belonging to different institutions Private databases cannot be interconnected.
　　How to solve the pain points in the Internet age?

　　1. Market observation
　　1. Market status and vision
　　2. With the advent of the fourth industrial revolution with digitization, networking, and intelligence as its core features, profound changes will take place in the global industrial structure and development methods. The digital economy has become an important cornerstone of the fourth industrial revolution. The digital economy is a new economic system that uses digital knowledge and information as the key production factors, and promotes the digital transformation of production and life through the integration and application of various information and communication technologies.
　　The future Internet of Value may appear in this form :In this network, public data is true and transparent, information asymmetry is greatly reduced, people are full of trust, and deception is hard to find; private data is stable and secret, and no one can snoop or use the privacy of others for profit. Being true and transparent while protecting privacy, and value can be delivered quickly, this is our vision for the future Internet of Value.
　　2. Solution
　　As an emerging technology in the Internet field , blockchain technology has grown and developed to adapt to the tide of the times. Internet technology connects data centers all over the world through TCP/IP, enabling second-level information transmission between any two computers in the world, but this has basically changed the entire society. Blockchain, like other Internet technologies, is a particularly low-level technology.
　　Blockchain technology changes the transmission logic of the underlying data . It turns the serial logic of Internet transmission into parallel transmission logic. Tamper-proof, traceability, etc. are all manifestations of this logic. Blockchain technology has fundamentally changed the way of data management, and has been applied in many industries such as finance, medical treatment, and manufacturing.
　　3. Blockchain trend
　　Last year, the Political Bureau of the Central Committee collectively studied the "1024 Speech" and incorporated the blockchain into China's development programmatic document. The "1024 Speech" has a very high intention, and at the same time it plays a major role in rectifying the development direction of the blockchain. On April 20th, the National Development and Reform Commission included blockchain technology as a component of the new infrastructure, which is the implementation of the spirit of the 1024 speech.
　　German federal government in the block chain strategy pointed out , block chain technology is the cornerstone of the future of the Internet, Germany will further consolidate its leading position in the field. To this end, the federal government has formulated guidelines and roadmaps for the implementation of the blockchain strategy.
　　The Australian Federal Government has made a number of investments in blockchain technology ,Including A$700,000 invested in digital transformation agencies in the 2018-2019 fiscal year to study the benefits of using blockchain in government payments, and A$350,000 to the Australian Bureau of Standards, aiming to become an international blockchain standard development leader.
　　The U.S. Senate Committee on Commerce, Science, and Transportation approved the Blockchain Promotion Act . The bill clearly requires the U.S. Department of Commerce to establish a standard definition for "blockchain" and to establish a new legal framework to provide guidance and prevent risks for the application of emerging technologies in the future.
　　Summary:
　　Having blockchain technology can change the world, and all countries are looking forward to seizing the opportunity in the blockchain era . Blockchain, a global industry-wide transformation based on the technological revolution, is sweeping across all industries, and countries have raised the blockchain to the height of national strategy.

　　2. What is blockchain tokenization 1. What is asset tokenization?
　　Asset tokenization is essentially a new generation of asset securitization, which is a process of converting asset rights into digital forms on the blockchain and giving them financial attributes. It can solve the pain points of long business chain, high management cost, and opaque underlying assets in asset securitization . With the development of blockchain technology, asset tokenization has become a new development trend of asset securitization.
　　2. What is tokenization and ownership?
　　Tokenization provides a digital identity for scarce assets in real life. The interpretation of the legal agreement on the pass is that what the pass represents is a bit like 1 gram of gold or one thousandth of a house, insurance contracts, cars, artworks, shares, etc., but it has nothing to do with middlemen . If you own the private key, you actually own real-world assets. For stocks, tokens are shares, which completely replace the shares written on paper.

　　Third, the characteristics of tokenization in the blockchain
　　1. The rights of assets can be digitally stored on the blockchain
　　2. Let us return to the real estate example. If I want to tokenize my house , I must be able to use the token itself to record my ownership of the house. This means that for the supervisory authority, holding a pass represents the ownership or claim right of the house itself.
　　3.
　　2. These rights can be legally transferred through the blockchain
　　4. Although I can record my rights to the house in a legally recognized way , I should be able to transfer these rights to anyone I want to transfer, and that person will Have the legal ownership of my house, provided that my token has ownership.
　　3. Tokens can give assets "value". Data can only truly exert its value in the process of dynamic use. This is the biggest difference between data and traditional information consulting resources.

　　4. 　　Tokenization advantage
　　1. Liquidity
　　 World Economic Forum predicts that in the next ten years, the world's 10 GDP will be stored in encrypted assets , totaling 10 trillion US dollars. This is mainly due to the increase in partial ownership and the release of liquidity premiums. (The so-called partial ownership means owning a part of the equity in an asset.) Increased liquidity helps release value for the market through a liquidity premium. When illiquid assets become more liquid, a liquidity premium of about 20-30% will be unlocked.
　　2. Efficient asset transaction
　　blockchain pass can open up all the data required for a certain asset transaction business. Take the above real estate transaction as an example: because of your identity certificate, the key data of all relevant institutions are on the chain, and It is the machine trust mechanism that guarantees the authenticity, so naturally all procedures become extremely simple. The house purchase agreement between the developer and you is on the chain. You pay the down payment, apply for a loan, and apply for documents on the chain, and the Housing Management Bureau calls all After the data is reviewed, the certificate is issued, and it may be completed within 1 to 2 days. This is one of the most important advantages of blockchain, that is, "transaction is clearing, transaction is confirmation of rights".
　　3. Proof of ownership that cannot be tampered with
　　The blockchain is immutable, and it will keep public traces of every transaction and owner. The digital trail of this transaction not only proves the history of ownership, but also helps ensure less fraud. The immutable structure makes it impossible for pass holders to "double spend" their tokens-receiving the same pass from two different sources. This helps to assure investors that no one can fake the transaction after it has occurred.

　　5. At the end of the article
　　The development of technology has derived blockchain, and blockchain changes the world through applications. At the same time, blockchain also expands its boundaries and influences the development of technology through applications. Asset tokenization means that both tangible and intangible assets can be chained through the blockchain, and the technology of hashing and time stamping is implemented in the digitization process to make transactions transparent and traceable. The smart contract allows the process to be processed automatically, and can be operated on a global scale, and the settlement can be completed within a few minutes.
　　Of course, the national policy supervision and governance issues caused by asset tokenization, as well as the amount of transactions, and the obstacles of existing stakeholders are restricting the progress of this trend. Over time, these problems will be effectively solved, and the tokenization of assets will be integrated with the ecology of cryptocurrency assets and change the market's demand for the underlying token of the blockchain.
　　The future tokenization of assets promoted by blockchain requires ecological construction and improvement, rather than blindly competing in technology. To put real-world assets into the blockchain to realize the circulation of tokens, what is needed is the cooperation and operation of various social organizations, companies, and regulatory authorities to realize the tokenization of a large number of assets. This is a problem of ecosystem construction, not a problem of technological constraints.
　　Although the generalized application of blockchain has not yet been launched on a large scale, the trend is obvious. Everyone can think about it in this direction, and there is bound to be a lot to do.