Let's talk about Blockchain. A blockchain is an open and decentralized ledger consisting of a growing list of transactions, which are permanently verifiable and are linked using cryptography, with each block having a cryptographic hash of the previous block, a timestamp, and transaction data. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority.
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Blockchain is the foundation of Asset Tokenization. This refers to the process of converting physical real world assets into digital assets. Tokenization is also defined as the method to convert ownership rights in an asset into a digital tokenThese assets are integrated and registered on the blockchain. Thus with the inherent ability of tokenization to offer increased liquidity, it is a technology that transforms business financing, reduces the cost of capital, opens for investors access to investment opportunities that were out of reach, and makes it possible to automate legal compliance. It is embraced by companies such as the London Stock Exchange, World Bank, and HSBC.
Now let us take an example. An owned building. The value of the property is $20,000, but you only need $3,000. Do you know how you can use that property to get the money you need? With asset tokenization, the building worth $20,000 can be converted into 20,000 tokens, where each token is equal to 0.0005% share of the apartment. When a user buys one token, it means they buy 0.0005% of the asset’s ownership. If someone buys 10,000 tokens, they own 50% of the asset. If they buy all 20,000 tokens, they become the sole owner with 100% of that property.
How does Stobox come into all this?
Domiciled in OU Harju maakond, Tallinn, Kesklinna linnaosa, Roseni tn 13, 10111, Estonia, Stobox, is an award-winning company that provides technology tools and consulting services to streamline all operations with digital assets and tokenized securities with 10,000 hours of business,11 clients and winner of AIBC Asset Tokenization company award of 2019, beating companies like TaoDust, Black Mantra Capital.
With top-tier tokenization services and digital securities for business, Stobox offers a set of technology tools as well as industry and legal expertise in the fields of fintech and digital securities. Stobox's ultimate Vision is that anyone could walk into the new coffee shop in your street and invest in it a hundred bucks if you liked the coffee and the owner. This is a completely new paradigm of investing and business financing
Why Stobox?
There are other asset tokenization platforms such as Tokeny, Securitize, Polymath etc. Why should we stick with Stobox?
Ross Shemeliak ,Stobox co-founder and Chief Operations Officer, proffers these nuggets.
First advantage a Stobox user has is that it provides a solution, thus taking away from the client the burden of managing the STO process, by creating a security protocol that takes into account legal nuances and makes tokenization easier via scalable approach where the permissions of an investor are defined by its attributes.
Another main advantage is the ecosystem,where the DSD (Stobox Digital Securities Dashboard) was launched. This is a business tool that enables a company to issue its securities, manage customer relations, and do digital crowdfunding. This easily automates the processes above, making all relations with investors drastically simpler. In other words,this Dashboard allows you to digitize securities and conduct all operations with them in a convenient digital environment. Sell your shares, pay dividends, conduct corporate voting and corporate actions in a new digital way.
Therefore, crowdfunding becomes a much more viable option.
Ultimately Stobox makes the issue of asset tokenization a breeze.
What next?
Stobox token, STBU which can be used to pay for services is already trading on top exchanges like ProBit. Also the project is launching its crypto trading platform in this 2021 Q1 and are going to do a limited sale of its Merch in the NTF format by the end of the year.
ROSS SHEMELIAK
Ross Shemeliak of Stobox
Ross did his high school in Kyiv, and have been very interested in Economics, which prompted him to study it in depth. He spent 2 years in Germany, where he continued to study economics at the Gymnasium “In der Wüste. He started his career in finance in a company that advised clients on investments in the US stock market, oil, and cryptocurrencies. He also practiced traditional and crypto trading. In all workplaces, he grew to be the team leader in a record short time. Monitoring the trends of blockchain, he learned about STO and started digging deeper and recognized their huge potential.
STOBOX RESOURCES
About the Author
Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur.
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Another good one from @Jaephoenix
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These projects keep making these projects look like a walk in the park for all. Nice one
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