With the development of blockchain technology, its impact is also growing. Asset digitization is also the most eagerly discussed content at present, and for example, REITs CHAIN's global asset digitization ecological public chain positioning is asset confirmation and asset digitization, and is committed to building a decentralized and immutable public infrastructure for the development of the digital economy. So why do we want to digitize assets? What is the use of asset digitization?

Why Digitize Assets?

1. From a long-term perspective, asset digitization is a major trend in the future, and asset digitization can reduce costs and waste of resources to a certain extent.

2. The use of blockchain technology to encrypt and save private files is conducive to enterprise management.

3. The assets of some small and medium-sized enterprises are not easy to circulate, and the digitization of assets can effectively solve the problem of asset circulation and make transactions more transparent.

What are the advantages of the blockchain in realizing asset digitization? The blockchain has the characteristics of decentralization, high transparency, distribution and anonymity, which can enable transactions to be carried out in an environment of complete trust, effectively shortening the time wasted in central links, Improve efficiency.

What is the use of asset digitization?

First of all, asset digitization can lower the threshold. If the assets are digitized, the assets can be packaged so that the assets can be seen at a glance through the blockchain.

Second, asset digitization can span time and space. After using blockchain to digitize assets, investors around the world can see real-time dynamic data of assets, improving transparency and fairness.

Finally, using blockchain technology to digitize assets can improve the transparency of assets, ease trust costs, lower barriers to entry, improve efficiency, reduce costs, and reduce waste of resources.

What are the steps for asset digitization?

The development of the digital economy requires a supporting digital financial system. The digitization of assets is the premise of establishing a digital financial system. Then, what steps are included in the digitization of assets?

1. Confirmation of rights

In the era of digital finance, the public-private key system poses a huge challenge to the traditional account system, and confirmation of rights no longer has to be done through the account system. Users can register their own assets through digital identity, and complete the initial confirmation of digital assets after the unanimous approval of all users in the distributed network.

2. Digitization of asset-native information

In the process of asset digitization, the underlying information of the asset is digitized synchronously and automatically updated with the passage of time, the efficiency and authenticity of information disclosure are greatly improved, and the autonomous liquidity of the underlying asset is also improved. The automation and transparency of the information disclosure mechanism reduces the information search cost of market participants and is more friendly to small and medium-sized financiers.

3. Smart contracts

The transaction mode of digital assets will undergo profound changes. Both parties to the transaction can write the contract terms agreed in advance into the smart contract, and the delivery and transfer of assets will be automatically realized when the conditions are triggered. The transaction process does not require third-party intervention, which can effectively reduce supervision costs.

REITs CHAIN ​​global asset digital ecological public chain, high-throughput, decentralized, open source, with smart contracts, and a public chain with rich DeFi+NFT+DAO+Web3.0+ metaverse new ecology and physical assets on the chain. Committed to promoting the digitization and digital industrialization of economic industries and providing leading underlying technology network support.

REITsChain draws on the advantages of various systems such as Bitcoin, Ethereum, and Hyperledger, and integrates a number of innovative technologies to form a brand-new blockchain network architecture, which can realize information interconnection and value exchange with other chains. features, while taking into account performance and privacy requirements.

REITsChain inherits the excellent design ideas and mature technologies of various blockchains, and has made corresponding innovations and implementation practices in consensus algorithm, data transmission, block management and other aspects.

The characteristics of REITs Chain are as follows:

(1) Support smart contract blockchain--located on the blockchain application ecological platform, on this platform, various smart contracts can be released, and data interaction and processing with other external IT systems can be performed to realize various industries. application.

(2) Transaction speed suitable for most application scenarios--By adopting the consensus algorithm of POW+DPOS, the transaction speed of blockchain 2.0 has been greatly improved, and the peak speed has exceeded 3000TPS (the number of transactions per second) by far Much higher than Bitcoin's 5TPS, it has been able to meet the needs of most application scenarios.

(3) Support information encryption blockchain -- support complete program operation, and can perform custom encryption and decryption of sent and received information through smart contracts, so as to achieve the purpose of protecting transaction data and user privacy.

(4) Blockchain without additional resource consumption -- Using a new consensus algorithm, it is no longer necessary to consume additional computing power to reach a consensus, which facilitates the participation of nodes, and can be deployed in general commercial environments in a green and safe manner.

(5) High-efficiency input and output of mining machines -- adopting the POW+DPOS hybrid mechanism, the block height is 666666 to start DPOS mining, and the entire network mines 4.8 million pieces per day, and a block is produced every 14 seconds to rapidly develop RCH coin mining An important cornerstone of mining ecology.

REITs CHAIN ​​can integrate the asset digital ecological public chain of Internet of Things technology, big data technology, 5G technology, AI artificial intelligence and other technologies to provide one-stop asset digitalization solutions, including equity certification, asset ownership confirmation, IoT access, assets On the chain and other links, it has a strong development advantage. The goal of REITs CHAIN ​​is to combine blockchain technology with the real economy to form an ecological network with functions such as global asset digitization, tradability, traceability, payment, storage, etc. In the future, the market size of assets on the chain will reach hundreds of trillions.