Strike Chain Trading Center - The Future of Asset Transfer

Strike Chain Trading Center: Introduction to tokenization

Practical use cases
The benefits of asset tokenization include easy transferability, automated processing, and the fixed archiving of transactions that are no longer bound by cash or tangible assets. This process changes how various assets, from copyrights to real estate, are acquired and transferred, democratizing ownership. Asset tokenization provides reliable support for the transfer of assets and ensures their legality.

To illustrate how tokenization works, let's assume you are selling a VIP luxury suite ticket for the FIFA World Cup final worth $50,000. Due to rampant fraud, tickets for high-end events are difficult to trade. You need to carefully check to ensure that the seller provides you with a legitimate ticket at the time of settlement and legal transfer.

You can also represent the ticket's value with tokens, for example, 1 FWC (FIFA World Cup ticket) = 5 BSV. By combining smart contracts with tokenization protocols, such transactions can become simpler and more efficient compared to trading through third-party brokers, which can slow down the process.

Estate planning is another practical application of tokenization. Tokenizing an estate allows you to more easily distribute your assets to family and friends while ensuring the process follows your wishes.

Tokens can incorporate certain business logic within smart contracts, triggering automatic events and speeding up settlement times. They can also embed compliance processes into the token, including relevant KYC/AML checks for all participants with digital identities.

Introduction to tokenization
The most important goal of any token system is to find practical and beneficial use cases. With this aim, tokenization can become the global standard for data exchange.

Key features of token protocols:
Support for multiple asset types: Common stocks (SHC), loyalty points, coupons, currencies, tickets, and memberships (more asset types to be announced).
Cross-asset atomic swaps: Allowing seamless exchanges between different assets.
On-chain messaging: Used to orchestrate multi-signature, threshold signatures, token transactions, and transfers.
Smart contract-supported identity oracles: Ensuring issuers comply with KYC, AML, and CTF laws while protecting user privacy even in secondary market transactions.

Tokens follow four simple steps to ensure the legality of the token issuance and meet the issuer's requirements. These assets always belong to the user, who can choose any method to sell or use them to raise funds. Users can create a custom smart contract and select their own terms and protocols.