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by: MAIN AVENUE BUSINESS PROCESS OUTSOURCING
Nov 2, 2022
How To Use Digital Assets and Tokenization for Business?
Digital Assets and Tokenization are buzzwords on Web3 — the third generation of the World Wide Web, envisioning a decentralized and open Web with greater utility for its users.
Crescenda Babiera
ESG Certified | AI, Blockchain, IoT, IPV6, Web3 Explorer & Marketing Strategist | Entrepreneur | UNSDG Impact Maker
A Digital Asset is anything that is stored digitally, identified by an organization with real value. It can be a file, document, music, art, cryptocurrencies, websites, or anything that has value in digital format.
Tokenization refers to a process by which a piece of confidential data, such as personal information, is replaced by a substitute value known as a token.
Now, how can these two be a utility in business?
Businesses are always coming up with technology from which both consumers and the company can benefit. One of this technology’s top trends is integrating Web3 into enterprises to generate new brand revenues and sustain long-term customer engagement.
nChain is a global leader in blockchain research and development. They proposed three specific solutions for how businesses can unpack real-world value backed by digital assets:
#1 Tokenization, such as e-certificates built on the BSV blockchain to authenticate with provenance and origin, is typically either to an NFT or a digital twin.
‘In terms of revenues for you as a brand, you increase your customer protection, optimize insurance by having assets that are certified and backed on a public ledger, and can guarantee against forgeries — all of which protect your interests as a brand.’ — Valentine Labarthe, Head of Commercial and Strategy at nChain.
#2 Services Tokenization, allowing nano payments with extremely low transaction fees per use. Instead of paying a flat price for the entire service, which most people need help to maximize.
#3 Central Bank Digital Currencies (CBDCs) and digital cash, the digital currency on the BSV blockchain, allow private peer-to-peer transactions without banks or credit cards, enabling governments to use the blockchain as an immutable source in conjunction with existing monetary systems.
Main Avenue BPO (MAV BPO) specializes in staffing for blockchain and web3 projects, offering skilled professionals for marketing and collaborating with trusted Blockchain solution providers to ensure robust and secure technical implementation and management of tokenization initiatives. With expertise spanning industries such as fintech and supply chain, they assist businesses in asset tokenization, payment system enhancement, and traceability improvement through blockchain technology.
Businesses partnering with Main Avenue BPO gain access to a network of blockchain-savvy professionals who help develop strong technical capabilities, streamline operational processes, and devise effective tokenization strategies. This partnership ensures the successful implementation and management of token-based systems tailored to their needs.
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