One of the most exciting areas of cryptocurrencies and blockchain technology we’ve discovered over years researching the field is the tokenization of real-world assets.
When we say real-world assets, we mean just about anything you can think of. But for the beginning stages of tokenization, assets that are difficult to divide and buy or sell have the best potential, like fine works of art, or coveted real estate.
What is known as a “security token” is basically a digital representation on a blockchain of a given asset. It can represent a share in a company, participation in an investment fund, or ownership of a piece of property. They can also be traded in a secondary market.
This sort of tokenization is another facet of the dramatic, revolutionary shift to a digital economy.
The pandemic has accelerated the trend, but it’s been coming for decades.
We are moving toward a world where investors want to be able to take full advantage of the benefits of advanced technologies like blockchain and cryptocurrencies.
We want access to our investments in real time, not just during office hours. We want to be able to trade more products on our phones or connected devices instantly, instead of waiting days or weeks for the paperwork to come through. By the time it does, an entire industry of middlemen will have taken its cut. But people are sick of paying off middlemen, especially when there’s a replacement that is cheap, safe, effective and easy to use.
That’s where Unibright (UBT) comes in. You can think of the company as an up-and-coming software developer driving automation and integration of blockchain technologies for businesses.
That’s a great place to be right now.
The startup is setting its sights on a blockchain tech market expected to soar from $1.6 billion in 2018 to $163 billion by 2027, according to Statista.
The young company’s underlying mission is to help businesses create their own block...