LIQUID8; THE FUTURE OF DIGITAL ECONOMY

The digital economy involves an economy in which digital assets are used as a means of payment and execution of transactions. A digital economy is one in which digital assets an example of which are crypto currencies are used as an alternative to Fiat.

OVERVIEW
One of the innovations in modern technology, is the creation of blockchain technology. This technology was the brain behind the creation of crypto currencies which are an example of digital assets, sooner enough crypto currencies has began to gain increasing adoption as a result of its decentralized, simple and transparent nature.
The financial economy or say institution was responsible for performing the functions of; exchange, asset management and lending to customers. They provided Fiat as the tool to accomplish these functions of exchange, management and lending in which they were incompetent and inefficient.
The advent of crypto currencies changed all these because it was simple and transparent to adopt as compared to the use of Fiat currencies.
There has not been a wide adoption of blockchain technology as a result of the complexities of blockchain therefore, there is a need for easy, transparent and efficient solution to cater for the shortcomings of the financial institutions in their exchange, assets management and lending functions.
However, real world assets overtime has continued to attract the interest of crypto investors as a result of their low volatility and as a tool for diversifying their investments to ensure stability which stems the need for a much simpler and efficient medium for digitalizing real assets.
That medium is Liquid8.
Liquid8 is a decentralized multi-functional platform which has the aim of bridging the gap between real assets and the evolving digital economy through the adoption of blockchain technology.
PROBLEMS ASSOCIATED WITH REAL WORLD ASSETS
The following problems are associated with real world assets, which include:
  • Real world assets has the problem of lack of liquidity, assets such as real estate are expensive to liquidate. According to reports the global real estate market for example has a value of more than $217 trillion all locked away as illiquid assets. Due to high transaction fees it will take 10% which is $21.7 trillion to liquidate the entire real estate assets.
  • High initial capital is required to invest in real world assets, capital amounting to millions of dollars sometimes depending on jurisdiction is required as down-payment for a property.
  • The purchase of real assets takes too much time; research also states that it may take between 6weeks to 6months to close the deal regarding the purchase of real assets as a result of the intermediaries e.g. financial institutions involved lengthen the purchase process.
  • Real assets such as gold and other precious stones require a much secured storage solution in storing them so as to prevent against theft.
SOLUTION
The Liquid8 platform using its strategies aims to provide the following solution. Some of which include:
  • The liquid8 platform offers a medium for the tokenization of real world assets, the platform will develop a tokenization protocol which will make the process of tokenization easy and simple through the use of both off-chain and on-chain Proof of Assets protocols to ensure that assets submitted for tokenization on the platform are verified to ascertain ownership, value and so on.
  • The on-chain protocol for tokenization adopted by the platform allows for the creation of tokenized smart contracts which saves cost, eliminates intermediaries or third parties and allows for a secured and transparent environment for the tokenization of real assets.
  • The adoption of Ethereum blockchain ensures that assets held in smart contract are accurately distributed thereby creating a decentralized genuine platform which is user friendly in providing financial services.
Final thought
The Liquid8 platform seeks to bridge the gap between real assets and the digital economy by adopting blockchain technology utilizing smart contracts.
Liquid8 gives assets owners the ability to liquefy their assets by digitalizing them through tokenization, this you can benefit from only if you make the Liquid8 decision.
This is a project worth partnering with! Join the Liquid8 ICO before it ends. For more details about the project please visit the links below:
Links
Website: https://lq8.io/
Telegram: https://t.me/lq8en
Facebook: https://www.facebook.com/LQ8io-Liquid8-152207538972474/
Twitter: https://twitter.com/LQ8_Liquid8
YouTube: https://www.youtube.com/channel/UCLHu4TfBhLrGhGsPjazWd5w
Writer: Kelvinkent
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2313436


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