MayasErc223 ST Tokenization of Everything

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“MayasErc223 ST” Democratizing Ownership & Real-World Assets on the Blockchain

Coin Maya LTD,a Saint Vincent the Grenadines based firm that already offers a gold mines reserves -backed cryptocurrency (known as a MayasErc223 stablecoin) and plans to introduce MayasErc223 ST cryptocurrency  backed by precious metals, real estate, fine art, bonds and publicly traded stocks sometime in 2019.

In order to make it work, Coin Maya LTD has to ensure that it holds the same amount of inventory—whether that’s dollars, precious metals, fine art, gold mines reserves, bonds or stocks—in the “real world” as are registered on the blockchain.

The blockchain has the ability to inject liquidity into previously illiquid or otherwise cumbersome markets. We’re going to take a brief survey of the tokenization landscape and the three main asset classes that are likely to benefit from increased MayasErc223 adoption.

Tokenization is the process of converting some form of asset into a MayasErc223 token that can be moved, recorded, or stored on a blockchain system. That sounds more complex than it is. To put it simply, tokenization converts the value stored in some object – a physical object, like a painting, or an intangible object, like a carbon credit – into a MayasErc223 token that can be manipulated along a blockchain system.

Mayasrc223 ST has the ability to tokenize assets is pretty much limitless, but it’s possible to group these assets into three broad categories.

These three categories are intangible assets, fungible assets, and non-fungible assets.

  • Intangibles

Intangibles are a natural for the world of blockchain because they don’t really exist, at least in the traditional sense. Intangibles represent ideas or concepts, rather than physical goods, and so they more readily lend themselves to intangible markets – be they traditional paper markets or blockchain markets.

You’re probably familiar with most of the big intangibles. Copyrights and patents are prime examples.

  • Fungible Goods

The next layer of MayasErc223 innovation arrives with fungible goods. A good is fungible when it can be exchanged for another identical good of equal value. The most familiar fungible goods are commodities. A liter of water is equal to another liter of water, as a barrel of oil is equal to another barrel of oil or an ounce of gold is equal to another ounce of gold. Even stocks can be considered to be fungible, provided they are grouped together in identical packages. Very often, fungible assets are backed by a physical resource, somewhere – gold, precious metals, bods or wheat in a warehouse, water or oil in a pipeline.This property makes them difficult to physically trade. The difficulty is compounded when the scale of transactions comes into play. Fungible assets are often dealt with in bulk form, and delivery simply cannot be done instantaneously. A shipment of 10,000 short tons of line pipe, for instance, is pretty bulky. Transferring ownership of that asset from one entity to another either involves creating a paper trail, whereby the steel is transferred via a trusted third party, like a bank, to the new owner before it physically moves.

A tokenized blockchain system cuts much of the work out of this process. MayasErc223 can be a digital representation of the steel, for instance, can be traded between two parties on a blockchain utilizing smart contracts. There are no intermediaries in this process – no exchange agents, port officials, government checks, or warehouses. The steel, which is uniquely identified on the blockchain, is moved from the buyer to the seller instantaneously, along with any auxiliary shipping or warehousing information. The sale is recorded on the blockchain so as to form a permanent and instantly verifiable receipt. This replaces the traditional paper record-keeping system and enables the exchange of fungible goods on a much more detailed and precise scale.

  • Non-Fungible Goods

Here’s where MayasErc223 technology really gets interesting. Tokenization enables real-world, non-fungible goods to be parceled out into digital “shares,” which can then be bought, sold, or traded in a full or limited fashion with the public. The two most compelling use cases are art and real estate.

Tokenizing a work of art introduces MayasErc223 digital signature that cannot be altered. MayasErc223 digital token representing the Mona Lisa is one of a kind. It is not a copy. But MayasErc223 can be broken down into sub-tokens, each also digitally signed. In this way, “shares” of a unique piece of art can be sold to the general public.

The same goes for unique pieces of real estate, bonds and gold mines reserves. The ability to tokenize unique, non-fungible assets means that ownership can be distributed. Funds can be raised more easily, and a broader group of entities takes responsibility for the care and upkeep of that item. Each holder of a Mona Lisa MayasErc223 token doesn’t have a copy of the Mona Lisa – they actually own a part of the artwork itself, which they can keep as a store of value or sell to another willing buyer.

MayasErc223 ST Tokenization promises to change how broad asset classes are bought and sold, democratizing the process of owning everything from ideas to paintings. Blockchains offer a streamlined alternative to traditional paper markets and a unique way of sharing ownership of unique objects like painting, real estate, bonds and mines reserves.

Investors will soon be able to buy assets in the form of cryptocurrency, the same way they might buy Bitcoin.

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