A Brief Look at Why Tokenization is Important in the Blockchain Spaceby@mkaufmann

A Brief Look at Why Tokenization is Important in the Blockchain Space

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The word "tokenization" in the context of blockchain refers to the highly secure process of converting ownership rights of property or financial assets to digital assets. Decentralization is a built-in benefit of the blockchain technology, which provides the encryption and traceability of each transaction inside a block of information. Tokenized assets may represent whole or partial ownership rights in other assets like real estate, precious metals, and more. Even in the absence of a stock exchange, tokenization may give considerable prospects for creating a securities market.

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Matthew Kaufmann

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