Real Estate Asset Tokenization is a tempting topic among various types of tokenization and grabbed huge attention among the crypto users that is because of their beneficial traits. Tokenization is similar to tokens but varies with altered motives. Lets, we look down below at this concept in detail which is provided by the Reputed Cryptocurrency Development Company , Developcoins. Types of Real Estate Asset Tokenization There are some types of real estate asset tokenization, they are Commercial Real Estate Tokenization Residential Real Estate Tokenization Single Real Estate Tokenization Industry Real Estate Tokenization Features of Real Estate Asset Tokenization Real Estate Asset Tokenization is the famous type of tokenization because of its need and traits only enhance its advantage. They are, Globalized KYC/AML Automated Reporting to authorities Non-fungible Tokens Automated Compliance Multi Ledger Asset Token Development Automate Legal and Reg...
Non-fungible tokens are cannot be replaced by any other similar tokens, it is a unique token and Non-interchangeable. Most of the NFTs are found on the market and it’s based on the Ethereum protocol called ERC-721. This ERC-721 is the backbone for the creation and trading of non-fungible assets. Why many start-ups to large firms are willing to utilizing NFT tokens in their business? IBM recently announced a platform under blockchain technology, it can be utilized by the non-fungible tokens with RFID( Radio Frequency Identification) it is a generic term for technologies that use radio waves to automatically identify people or objects. In IBM, RFID is used to monitor car sales, This platform is also utilizing auto registration. So it is easy to sell a car, for example, if your car was tokenized, you could just accept payment for the item and transfer over the token it would represent the ownership of the vehicle. It will reduce the timing instead of showing ID,...