Tribe Digital Feature Articles
Everything Blockchain, Tokenization, Regulatory Requirements and more..
Tribe Digital Feature Article Understanding the Blockchain
In this feature article we look at the Blockchain, an explanation and how it facilitates the process of recording transactions and tracking assets in a business network.
Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved.
Why blockchain is important:
Business runs on information. The faster it’s received and the more accurate it is, the better. Blockchain is ideal for delivering that information because it provides immediate, shared and completely transparent information stored on an immutable ledger that can be accessed only by permissioned network members. A blockchain network can track orders, payments, accounts, production and much more. And because members share a single view of the truth, you can see all details of a transaction end to end, giving you greater confidence, as well as new efficiencies and opportunities.
Key elements of a blockchain:
"FREE DOWNLOAD" Everything Blockchain, Tokenization, Regulatory Requirements and more..
Distributed ledger technology
- All network participants have access to the distributed ledger and its immutable record of transactions. With this shared ledger, transactions are recorded only once, eliminating the duplication of effort that’s typical of traditional business networks.
Immutable records
- No participant can change or tamper with a transaction after it’s been recorded to the shared ledger. If a transaction record includes an error, a new transaction must be added to reverse the error, and both transactions are then visible.
Smart contracts
- To speed transactions, a set of rules — called a smart contract — is stored on the blockchain and executed automatically. A smart contract can define conditions for corporate bond transfers, include terms for travel insurance to be paid and much more.
How blockchain works
As each transaction occurs, it is recorded as a “block” of data.
Those transactions show the movement of an asset that can be tangible (a product) or intangible (intellectual). The data block can record the information of your choice: who, what, when, where, how much and even the condition — such as the temperature of a food shipment.
Each block is connected to the ones before and after it
These blocks form a chain of data as an asset moves from place to place or ownership changes hands. The blocks confirm the exact time and sequence of transactions, and the blocks link securely together to prevent any block from being altered or a block being inserted between two existing blocks.
“Transactions are blocked together in an irreversible chain: a blockchain”
Each additional block strengthens the verification of the previous block and hence the entire blockchain. This renders the blockchain tamper-evident, delivering the key strength of immutability. This removes the possibility of tampering by a malicious actor — and builds a ledger of transactions you and other network members can trust.
Benefits of blockchain
What needs to change:
Operations often waste effort on duplicate record keeping and third-party validations. Record-keeping systems can be vulnerable to fraud and cyberattacks. Limited transparency can slow data verification. And with the arrival of IoT, transaction volumes have exploded. All of this slows business, drains the bottom line — and means we need a better way. Enter blockchain.
Greater trust
With blockchain, as a member of a members-only network, you can rest assured that you are receiving accurate and timely data, and that your confidential blockchain records will be shared only with network members to whom you have specifically granted access.
Greater security
Consensus on data accuracy is required from all network members, and all validated transactions are immutable because they are recorded permanently. No one, not even a system administrator, can delete a transaction.
More efficiencies
With a distributed ledger that is shared among members of a network, time-wasting record reconciliations are eliminated. And to speed transactions, a set of rules — called a smart contract — can be stored on the blockchain and executed automatically.
The Tribe Digital Podcast Listen to the Latest Episodes from The Tribe Podcast
Ep1. Caroline Macdonald Tokenization of Real Estate Assets with Caroline Macdonald, CEO of Black Tie Digital.
EP2. AUSBIZ.COM.AU Tribe Digital Ventures, CEO Chris Evans, Live Interview with Ausbiz.com.au
EP3. QUESTION AND ANSWER SERIES Tribe Digital Ventures, CEO Chris Evans - What is Real Estate Tokenization?
In this episode of the Tribe Digital Podcast, we discuss real estate tokenization, opportunities within Australia for tokenization of investments and how tokenized assets opens up investments for crypto currency holders to purchase real estate assets with Caroline Macdonald, Chairwoman of Progressive Investment Management Group (PIM).
In this episode of the Tribe Digital Podcast we had a live interview with www.ausbiz.com.au to discuss how Tokenization is changing how the world can access Investments. During the Interview with Ausbiz.com.au and Fintech Australia, Christopher Evans discusses what Tokenization is, how it works and how you can get involved.
Tokenization is changing how the world can access Investments and in this question and answer series, Christopher Evans answers the most common questions we receive at Tribe Digital Ventures.
In this episode we discuss exactly what is Real Estate Tokenization.
QUESTION AND ANSWER SERIES Tribe Digital Ventures, CEO Chris Evans - How do Asset Holders Benefit from Real Estate Tokenization?
QUESTION AND ANSWER SERIES Tribe Digital Ventures, CEO Chris Evans - Can you use Cryptocurrency to purchase Real estate Investments?
QUESTION AND ANSWER SERIES Tribe Digital Ventures, CEO Chris Evans - How do Investors Benefit from Tokenization?
In this episode we look at the benefits to Asset Holders and why Tokenization is an option opposed to standard debt raising.
More Information: Download the Real Estate Tokenization Guide at – www.tribedigitalventures.com/tokenization-guide.
In this short Q&A episode we look at the benefits to Investors in Real Estate Tokenization and Christopher Evans answers the question; Can you use Crypto Currency to purchase Real Estate Assets.
Download the Real Estate Tokenization Guide at – www.tribedigitalventures.com/tokenization-guide.
Tokenization is changing how the world can access Investments and in this question and answer series, Christopher Evans answers the most common questions we receive at Tribe Digital Ventures.
In this episode we look at the benefits to Investors in Tokenization offerings.
Why Tribe Digital? The power of blockchain & a fresh approach to investments.
SMART CONTRACTS
USER EXPERIENCE
TRANSPARENCY
OUR SERVICES Raise capital or buy shares through secure, cutting-edge technology.
Business Grow your business with security token offerings.
Technology Harness blockchain technology for a successful STO launch.
Customer service Our team us here to support
Legal We take care of compliance, licenses and legal documents.
Marketing Reach the right investors with a streamlined marketing strategy.
Consultancy Expert advice on security token offering, whenever you need it.
OUR PROCESS Asset tokenisation made simple.
Tribe Digital Ventures takes care of the technical implementation process, creating new digital assets and tokens that disrupt the way you trade on financial markets.
Analyse
We analyse your company and capital objectives to begin structuring your security token offering.
Generate
Information is stored in a smart contract and security tokens are generated.
Launch
Your campaign is launched and security tokens are distributed to your investors.
Download Our free Real Estate Tokenization Guide The traditional world of real estate is a thing of the past thanks to tokenization. Now more people worldwide can access what was once off-limits to all but the wealthiest and most experienced investors. Find out more with our "Real Estate Tokenization Guide"
Our network
The Tribe Digital Ventures Platform brings together a network of partners, businesses and investors who are developing and capitalising on security token offering structures.
