The developer Blockstream Monday, July 2, announced the launch of a new custom tool for tokenization assets.
The program is called Issued Assets (IA) created on the sidechained Liquid built on top of the bitcoin blockchain. IA allows users to create their own tokens based on a variety of assets, some of which may be Fiat money and crypto-currencies, and even gold. Users will be able to send each other assets absolutely confidential, using special options that make the amount and type of the asset is visible only to the immediate participants in a transaction.
Another interesting feature that will be available to users of the platform are atomic swap (atomic swaps). It allows exchange of digital assets on peer-to-peer without third party involvement. The possibility appears due to the fact that both transactions occur at the same time, and, in the case of refusal of one party in the process, the operation stops and the coins returned to their owners. Therefore, the method is also safe. This transaction, according to Blockstream, takes less than two minutes. Atomic swaps will be available for bitcoin and user-created digital assets.
Blockstream for the first time demonstrated the tool IA on 2018 Consensus conference in new York. The developers showed how Liquid can tokenservice five different types of assets, which they are, for clarity, used shirts, hoodies and stickers. All tokens were issued in the amount equivalent to the number of real objects, and then sent to hundreds of random so-called paper wallets that were created for the participants of the conference. Users could “buy” items, in accordance with which tokens appeared in their wallets. After that, the digital assets were destroyed. According to the developers, the features of IA allow you to create a sidechained digital collectibles, bonus points, and spend tocancel.
We will remind, recently the Japanese company Fujitsu introduced a similar system for tokenization loyalty points for customers that will be able to apply in their work the representatives of the retail trade. The aim of the project the authors called “reanimation” of the regional economy.
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