July 25, 2018

Blockchain for Asset Trading

The transfer of value has always been an expensive and slow process.

Blockchain technology and its decentralized mechanism can introduce transparency and speed up this process, thereby reducing complexities and costs.

Our solution enables the buying and selling off assets on the blockchain. The dapp would be used by buyers and sellers. A seller can list the asset to be sold on the platform along with its price. Such a listing would be visible to all buyers. An interested buyer would buy the asset, thereby creating a contract.

A smart contract would register this trade and transfer the number of tokens from the buyer’s account to the seller’s account. The ownership of the asset would be transferred as well. Leveraging the escrow mechanism so that the funds are locked under transfer of assets and tokens is achieved. The App also shows the complete history of ownership for any particular asset.