What are the set principles and benefits of using product protocol?
Product protocol team is going to present into the market the versatile tokens as well as tokenization standards. Those are based upon the decentralization principles and audit function separation, monitoring and evaluation, real time verified asset provision and information accessibility ownership and transparency.
Digital Identity-
Integrated to the tokenization algorithm of product protocol is the way of developing the virtual copy of the assets that is tethered to the real world assets through open API and IoT technology. The virtual description specification will ensure 100% virtual identity of every assets unit.
Atomicity-
For every type of market, there is a basic valuable final product that is the main target of the end customer’s demands. TAtom is an atomic final product token, minimal assets size at the system.
Functions Decentralization and separation-
In order to eliminate the prerequisites for the emergence of the interest conflicts and tokenization participant collusive behavior possibility, functions will be separated and decentralized. Set PPO token escrow for all kinds of tokenization process participants is going to be the major measure of the protection against frauds.
Transparency and Consistency-
All the data used at the time of asset digitalization, tokenization and monitoring will be stored and transferred via cryptography and also blockchain technology. Users will be getting access to real-time assets and information monitoring system ownership.
Few advantages of using the product protocol-
Digitalization of assets is the way of transferring the assets and transactions at the digital space.
Private assets management (individuals)- Private assets tokenization is going to increases drastically the liquidity and offer the opportunity to reaping the extra benefits from the low liquid assets. By decentralized escrow smart contracts, the safety in transactions will be ensured.
Obligation and debt management (Companies, banks) - With the help this, the enterprises, individuals and forms will get the greater chance to place, buy, sell and conduct ownership and obligation of netting. All the details on structuring, creation, performance data and regulatory compliance conformation are stored in chronological order in the set of events. It will be changing the debt market and making it accessible to the numbers of players along with simplifying relations in between debtors and creditors.
Risk managements- Tokenized assets for the new risks evaluation and management system are going to be the foundation. Information consistency and accuracy high degree about the status of real assets will form the basis of latest fintech items and services for insurance companies, leasing and banks.
Raising finance- Low liquid assets tokenization provides an economic effect like low liquid asset transformation in a liquid one that provides a chance in raising the finance on the capital market. Small and medium-sized enterprises will get access to debt financing under favorable terms without any mediators.
Toxic assets management- It will provide a new mechanism for the market participants’ interactions. Finding the buyer for the toxic assets will be taking less time, and the simple authentication will raise the price.
Those were the benefits that you will be getting when head into product protocol platform.
Official links for more details,
Website Link : https://pprotocol.io
Whitepaper Link : https://d3ri2ictv4c1x9.cloudfront.net/PP_WP_e.pdf
Twitter Link : https://twitter.com/Pprotocolglobal
Telegram Link : https://t.me/pprotocol
Facebook Link: https://www.facebook.com/pprotocolio
Youtube Link: https://www.youtube.com/channel/UCw8m7dvocvtQrNGgFjM4qKQ/featured
Medium Link: https://medium.com/@p.protocol
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1472403