Building a Tokenization Infrastructure
On the CoreLedger blog, we regularly share articles and stories all about blockchain technology, the problems facing the industry, and of course our innovative solutions. Take a look at the link below!
When Ethereum went live back in 2015, developers suddenly had the ability to create their own tokens without first having to build an entirely new blockchain. Before this era of programmable blockchains, there was no such choice. Litecoin, for example, had to clone the Bitcoin code and run an entirely separate network with its own miners, despite the fact that everything else was absolutely identical, except for a few numbers in the protocol which gave Litecoin a shorter blocktime and a higher number of total coins that could be mined over the chain’s lifetime.
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Blockchain technology enables anyone to tokenize, and then transact, pretty much anything. The very nature of blockchain, with its unparalleled security and trustless architecture, virtually removes cost, risk, and complication from many common business processes. But every industry, sector, and application will have slightly different uses and benefits from this practice and, as blockchain implementation isn’t exactly widespread, let’s take a look at some of these individual examples and see what tokenization can do for them today. First up, the Real Estate sector.