São Paulo/SP – February 6, 2023. The tokenization of an asset that guarantees enormous efficiency and agility through the instantaneous transfer of assets
*By Paulo Costa
The tokenization of an asset that guarantees enormous efficiency and agility through the instantaneous transfer of assets, we also have the advantage of being able to register in a clear and immutable way all the information related to the productivity chain of a company, from its construction, until it arrives to consumers. This clarifies that every asset of a company will present characteristics which exert its values, enabling the accessible expansion in the goods and assets market.
Check out the main objectives below:
Decrease in expenses
The tokenization process can work automatically, allowing its maintenance to take place quickly and with the necessary transparency to reduce costs related to the issuance of funds and funding bonds. The same can generate savings of 90% in issuing bonds. A study by the company Entoro shows that the cost of raising funds can be 40% lower when compared to private alternatives.
Increased visibility with regulatory bodies
Achieving transparency with regulatory bodies is one of the main challenges for entrepreneurs. In which the transparency and fungibility of blockchais it is transparent and immutable. With it, it is possible to have visibility of all movements and history.
Thus, risks are reduced, as it is possible to program and manage complex compliance requirements directly in the token, ensuring that there is no need to jeopardize the organization's security. However, the tokenization technology will promote risk reduction directly or indirectly to the compliance management applied by the token, generating and promoting the necessary transparency to regulatory bodies.
Generating greater connection with consumers
Through NFTs, several major brands such as Gucci and Nike managed to gain greater credibility with their regular consumers by launching campaigns with limited access to NFTs products. This ensures that the company promotes an exclusive producer to its customers and consumers.
However, tokenization is an innovative technology driven by ecosystems that is capable of bringing numerous benefits to entrepreneurs while maintaining a process that can guarantee stability, transparency and security to their business model.
The future of tokenization
What can be seen so far is that tokenization is ready to transform data management as we know it today, even with limitations, after all it is a novelty in the market.
However, it is already possible to notice that tokenization brings many benefits to the goods and assets market, as it guarantees enormous efficiency and agility through the fast transmission of this tokenized data, the clear and secure registration of the information of those involved, reduction of risks related to the management of conformities directly by the token and, especially, on the credibility of the data received by the recipient. It is important to note that everything new requires a period of adaptation and integration.
Conclusion
The tokenization system is a way to democratize access to tokenized assets, with the possibility of fractioning them and using them on a large scale by companies, while guaranteeing the security of the information being exchanged. Therefore, corporations, especially financial ones, need and must adapt to the new technological reality of the transmission of goods and assets, both through the implementation of these systems that work with this standard of information and through the professional qualification of their members.
— Paulo Costa is a GRC and Information Security Consultant trainee at [SAFEWAY]
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today through 25 strategic partnerships with global manufacturers and our SOC, SAFEWAY is considered a one stop shopping with the best solutions in technology, processes and people. We have both the technical skills and the experience necessary to assist your company in the process of structuring controls and preparing the environment for the implementation of an ISMS, SGS or SGCN and, consequently, certification of operations, services or companies to the ISO27001, ISO20000 or ISO22301 standards.
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