San Francisco, CA
August 1st, 2018
I will keep this post short, but I’ve been following the trend toward securitizing real assets for a while and I have come up with my five favorite use cases as well as articles that elaborate on each use case.
1. Gold (Royal Mint Bullion):
The Blockchain-based coin, called Royal Mint Gold (RMG), is a digital representation of gold stored in The Royal Mint vault.
The Royal Mint Bullion, the Royal Mint company that sells physical gold, is the first company to allow customers to hold gold-backed assets on Blockchain, Tom Coghill, RMG’s Commercial Lead, stated in an interview with Express.co.uk. Coghill also mentioned that one RMG coin is equal to one gram of gold, adding that “it’s real gold you’re holding when you’re holding our RMG.” — Cointelegraph
2. Real Estate (Propy):
Enter Propy, an international peer-to-peer real-estate marketplace aimed at solving the problems of purchasing property across borders. It is arguably the world’s first blockchain-based network for fostering the seamless purchase of international real estate online.
The “Propy Registry” is fueled by smart contracts designed to track and execute real-estate transactions according to regional regulations. Capitalizing off of the groundbreaking advancements of Ethereum, Propy allows brokers, buyers, sellers and title agents and notaries to execute transactions utilizing blockchain-based private keys within existing legal frameworks. — NASDAQ
3. Supply Chain for Pharmaceuticals (Chronicled, MediLedger):
The MediLedger Project aims to demonstrate compliance with the Drug Supply Chain Security Act (DSCSA). It utilises blockchain technology to track and trace prescription medicines. The project also seeks to demonstrate an ability to prevent counterfeit medicines from entering the supply chain. — Enterprise Times
4. Cargo Shipments (Blockfreight)
Blockfreight’s three key elements are:
Smart contracts to permanently and securely define the bill of lading, payment terms and other elements to a completed cargo shipment, built on the Ethereum blockchain.
A tradeable token built as a counterparty asset, secured by the bitcoin blockchain. The tradeable token pays for the transaction fees and eliminates spam on the decentralized system.
Storage of the bill of lading and other documents too big to fit into a bitcoin block, using the Inter Planetary File System protocol. — CCN
5. Art & Collectibles (CODEX)
In today’s art world, you need to consult an expert to track and prove the authenticity of a piece of art. It’s slow, expensive, and prone to error. Codex is changing that.
Lurie describes the protocol as “a decentralized registry for unique assets, starting with art and collectibles… We store provenance information so that everyone can easily do business with those assets. Once you have a title, you can prove where you got it. And that means you have verifiable information about it and get access to services that read that data — insurance, asset-backed lending with liens, artist royalties, buying and selling, escrow.” — Coincentral
What are your favorite examples of real world assets on the blockchain? Let me know in the comments below.
Disclaimer: These opinions are solely my own and do not represent the opinions of Sharespost or any companies that I may advise or invest in.