TL;DR
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One use case that’s caught our eye recently is tokenized real world assets because they make buying and selling things (like houses) cheaper, quicker, and easier.
Full Story
Critics of blockchain technology have called it “a solution looking for a problem.”
And we get it, blockchain technology is hard for the everyday consumer to understand because it’s fundamentally a backend technology.
But there’s one use case that’s caught our eye recently because it genuinely seems like something that didn’t exist in any meaningful way before, and now it does.
We’re talking about tokenized real-world assets (RWAs).
Before your eyes glaze over and we lose you, hear us out (pls)!
Tokenized RWAs are actually a really simple concept. Take a real world asset like a house (for example); and instead of selling the whole thing at once, you have the option to sell just a portion of it (if you want).
All sales are tracked on the blockchain which is a great reason to use the technology.
But what – to a consumer – is way more important than tracking everything through blockchain technology?
Making the process quicker, easier, and cheaper.
That’s what tokenized RWAs can do for you.
Imagine buying and selling a range of apartments, single family homes, and commercial properties – all individually – multiple times a day (the same way you would if you were to day trade stocks).
That ain’t happening in the current system.
To buy/sell just a single property you’d need to deal with public/private auctions, brokers, agents, lawyers etc, all over multiple days/months.
So yeah, blockchain technology is not the solution for every problem, but it’s a damn good one for this one.
