Driving enterprise blockchain initiatives with responsible supply chain management expertise.
“The internet is a democratizing force, because it provides access to information and opportunity to everyone with a connection” – Vint Cerf
The Situation
While the internet provides global access to information, the same cannot be said about opportunity. And opportunity remains materially dependent on equitable access to assets available across the global markets with the ability to trade freely. But the necessary infrastructure to support this need has not been available until now.
We need a common framework. We need a way to represent an asset that unequivocally demonstrates the authenticity, ownership and value of that asset. And we need the tools that allow people to trade that asset–anytime and anywhere.
These are the critical functions necessary to create a true global market.
And we believe Blockchain’s utility can meet these needs by ensuring secure, transparent, and immutable peer-to-peer transactions of assets, globally and 24×7.
The Solution
This is where the concept of a tokenized digital twin comes in. A digital twin is a replica of its real world counterpart that mirrors its characteristics and behaviors. When this digital twin is tokenized onto a blockchain, those characteristics and behaviors become a secure and immutable system of record.
And today, with the Chia blockchain, it is possible to create a digital twin for every kind of asset that’s out there. Once you have that tokenized asset, you have the ability to trade it to anyone, anywhere, at any time. Tokenizing assets increases global discoverability and liquidity.
Moreover, the blockchain provides the rails to access that global liquidity, without the need for intermediaries that may slow down the transaction process. Of course, you can still use third parties to validate the authenticity and the ownership and the value of an asset prior to tokenization.
The underlying blockchain – the technology infrastructure that allows for such global markets – has to be low cost, secure, regulatory compliant, and at least as easy to use as any web2 technology. That is where the Chia blockchain comes in. With the Chia Cloud Services Platform, you will be able to tokenize, custody, and trade your assets, anytime and anywhere.
We are excited about the markets we have enabled climate transparency and carbon credits. Stay tuned for more!