Enterprise Blockchain and Security Tokenization
Alastair Caithness
Strategic Business Development Leader | 15+ Years in Fintech, Energy, SaaS and Financial Sectors | ?? Mental Health Advocate | Follow for Energy, Bitcoin and Blockchain updates!
Advances in Enterprise Blockchain and Security Tokenization
Enterprise Blockchain.
Tracing its technological origin to Bitcoin cryptocurrency, enterprise blockchains have been designed to enable businesses to receive and store data chronologically and immutably, often without the involvement of any central authority. Unlike widely owned permission-less cryptocurrencies such as Bitcoin or Ethereum, enterprise blockchain solutions frequently operate in a fully permissioned and regulated setting to enable the real-time sharing, updating and validation of information by responsible market participants. Blockchain as a technology is still developing and is finding uses in various industries including finance, healthcare, industrial supply chain and energy, with practically all companies in the Fortune 100 as well as many large financial institutions and governments exploring secure blockchain solutions for their most important data and transactional matters. The World Economic Forum (WEF), estimates that 10% of global GDP (or $12 trillion) will be passed through blockchain in the next ten years. The WEF cautions that blockchain adoption may be hampered by the presence of bad actors and by a global regulatory environment which was designed to monitor the flow of global capital.
Tokenization.
Tokenization, though in its infancy, is one of the most promising applications of blockchain technology. Tokenization creates a digital representation of an actual asset such as a currency, commodity, equity or other financial instrument, where each blockchain token represents a fractional ownership interest in that asset. The tokens may be transferred on a blockchain shifting ownership of the underlying asset as the token moves from one person to the next – much like a dollar bill exchanging hands. Unlike cryptocurrencies, many tokens are not subject to risk of theft or loss via hacking or loss of encryption key because transfers are recorded by a registered transfer agent responsible for maintenance of the token ownership ledger.
Enhanced Transparency.
Blockchain tokens are governed by smart contracts, which are self-executing and self-enforcing contracts with terms programmed in code. Transactions executed by smart contracts are recorded on the blockchain and become traceable and permanent without the involvement of third parties or centralized authorities. As a result, all contractual terms and conditions of smart contracts are accessible and visible, helping to bring transparency, accuracy, and trust to all parties involved.
For more information about Ziyen Energy please visit www.ziyen.com or read the Financial Paper – Financial infrastructure through blockchain-based tokenization.
Further Reading Below:
A Financial Paper Discussing Energy Tokenization featured in World Token Market
ZiyenCoin featured in Google Scholar
A Blockchain-based digital currency would provide a keystone foundation for an Independent Scotland
Finance Infrastructure Through Blockchain-Based Tokenization
ZiyenCoin - The First Tokenized Energy Fund
Democratization of Ownership of Energy Assets - BOOM! It's on the Blockchain
Interview on 'Adam vs The Man' podcast to discuss the Blockchain, ZiyenCoin and Energy Tokenization
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