Technology is the biggest force of the human race, now and for centuries to come. Right from communication to business, health to purchasing, simple technological advances to the quantum computing world, there isn’t a field that has not been disrupted.
The fintech industry is no stranger to disruption either. The path taken by the sector in recent days flows from securitization to tokenization, and further facilitating such a disruption is BANKEX – Blockchain based Proof-of-Asset Protocol.
Securitization and its essence
Securitization is basically about the conversion of assets to stocks that are tradable and comes with a standardized backing. Though Securitization ensures proper conversion of assets, the current financial industry has become sophisticated, making it dull and inefficient. Securitization also takes a lot of time, paperwork, and formats, which makes things annoying.
In this digital age, things should be faster and more efficient. With IoT, the Blockchain technology, and Artificial Intelligence, we should have a digitized system by now. So, the new order:
Tokenization to the rescue
Tokenization is now the new form of asset conversion. It involves transforming an asset into what is called a token, representing a digital form using the blockchain technology. With this technology, all the problems encountered through securitization are a thing of the past.
A standardized, single informational source is created with this technology, saving us from the boring multiple data formats. The blockchain is a secure platform, ensures robust tracking capabilities for everything recorded and stored for an entire lifecycle of a token. And all along, the process is rapidly executed without delays.
With this technology, a new platform is born to ensure that the entire financial ecosystem is taken to a whole new level.
The BANKEX SOLUTION
BANKEX is the new tokenization provider that uses the blockchain technology to offer state-of-the-art Proof-of-Asset protocol for the financial market. By using Smart Contracts, BANKEX takes an asset and digitize it, ensures that the asset is validated, turns it into a token, and places it on the market for trading. The Demo is already live now.
With BANKEX, liquidity is just a click away. It gives access to capital for asset owners and clear cashflow for investors. With support from 10 banks and its Proof-of-Asset protocol being a heated topic, BANKEX is here to stay.
You can join the Financial Sector’s Saviour here: WEBSITE, FACEBOOK, or WHITELIST.
Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.
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