Update 010: Ten to Zen

BDXAlliance Plans To Introduce Instant Asset Tokenization & Liquidation Through Its Revolutionary App.

In his latest update Jamy Nigri shares some important insights into how the BDXAlliance aims to disrupt the world of investing, asset management and liquidation….

Tokenizing Real Estate

We were recently invited to GRI London to meet with the largest and most established real estate companies and service providers in Europe. Introducing blockchain to the real estate industry will allow for whole new world of possibilities and investment opportunities to the broader public. We discussed everything from speeding up transactions, taking out unnecessary middlemen costs and understanding how to tokenize real estate. This resulted in companies now discussing potential ways to use our platform to reach over 6 billion euros turnover per annum. The BDXAlliance Ecosystem was designed to make such goals feasible and our message has resonated with leading companies in the retail industry sphere, which is definitely promising!

Tokenizing Assets

Tokenizing traditional assets can literally change the world. Tokens will be exchanged in a marketplace which BDXAlliance will provide. Assets like Real Estate, or gold will be easily acquired, tokenized and liquidated.  Having asset backed tokens in one’s wallet will also enable leveraged lending when we establish our own a crypto bank.

The BDXChange will enable illiquid assets such as real estate to be liquidated through tokenisation and exchanged with liquid tokens, enabling the user to turn them into cash. Here’s how it will work:

• The real estate directory will validate the value of the RE token. The token will also be on the blockchain which can provide audit tracing and confirmation of the value of the real estate token.  
• The value of the gold token will be easily verifiable.  
• RE tokens will be exchanged for more liquid tokens like gold tokens via BDXChange  

These examples of what we are working towards literally change real estate as we know it.  But what just happened at a macro level across the BDXAlliance network of businesses?

1. We just saved approx 15% in fees of middlemen providing services, such as registry, who shuffle papers and update spreadsheets all day. Notaries. Title insurance. Bank fees etc.  

2. We just allowed two people to swap tokens and gain liquidity.

3. The token swap transaction was not performed via credit card, so there were no transaction fees charged.

4. We can sell gold at less-than-market-rates because we just took hard costs of credit card processing or wire transfers out of the equation.

5. Because there was no wire transfer, there are no swift fees.  

6. Identification documents were verified and stored securely in the blockchain.  

7. Because we have a blockchain protected identity, re-issuing state ID cards, passports or any other state documents we typically stand in line for...just got easier.  

Membership | GRI Technology Club

We have also been invited, and have accepted, to be Members of GRI’s Technology Group. In their own words:

“We are creating a collective of the best and brightest tech companies and startups, and providing them with a forum for knowledge sharing and development amongst their peers, while also providing them with access to our wider club of RE professionals.”

I am very pleased with the outcome of these meetings because it ensures that as BDXAlliance, we will enjoy regular exposure to these real estate companies and technology initiatives.

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Read Jamy’s full newsletter on Medium: https://medium.com/bdxalliance/update-010-ten-to-zen-bb658dd279