Tokenizing Real Property

What happens upon a Project’s completion when the asset is now ready for the open market? The efforts need to crystallize into some “thing.” In our goal in bridging the best of both worlds — physical and digital — we have determined that utilizing digital bearer certificates in the form of crypto-asset tokens provides the cryptographic certainty and scarcity that can be the pillars of a sustainable digital economy.

By using a scarce object architecture often constrained to the physical realm, we can bring the familiarity of physical possessions into a digital context in a manner that is understood by both the user and the issuer alike (Szabo, 2004), thus allowing many use cases that are made possible at that compromise.

These are not tokenized securities such as Bowie Bonds (Espiner, 2016) that offer future revenue share in exchange for investment, but simply product keys that grant access to specific revenue generated by that project.

An economy of scarce objects is not always the ideal model to achieve sustainability, but in the digital economy this design can create value for all participants in the network if implemented appropriately.