The ability to represent assets on Reality Code platform and execute transactions using blockchain technology creates new markets for previously illiquid assets and reduces risk and costs in post-trade systems. Reality tokens can represent any asset or agreement between parties. These tokens boost market efficiency by enabling end-to-end solutions combining trading, settlement and custody services into one seamless offering.
Its security, comprehensive audit trail, and fool-proof transaction tracking, make it particularly useful for digital asset management. Reality Code introduced a concept known as Smart Contracts, which cuts out the middlemen typically used (such as lawyers and notaries) in contractual transactions, defining business rules and penalties and verifying and enforcing the contractual obligations. This technology allows content creators to share ownership of an asset, ensures that payments are allocated appropriately, and facilitates the transfer of rights when assets are sold or transferred.
For instance, a photographer may work with models, directors, and editors for a magazine shoot. Smart contracts enforce the stake of each party in the creation, payment, and rights of the final product. Using the same example, a digital agency who owned that final product could use Smart contracts to sell the asset to another entity or to license the final product to another company, with every party’s stake, rights, and payment transactions being recorded on the blockchain network.
This means that access to investments that were previously only accessible by institutional investors can be accessible to retail investors. Tokenization of assets removes the frictions for an asset to be freely traded on a global marketplace and allows investors to diversify their investment across a larger opportunity set, enhances liquidity and market depth of assets that otherwise would not be actively traded and allows asset owners to capture a liquidity premium.
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In this section you are able to map the document that represents your idea, project or asset and based on its metadata create a unique identifier (just like a DNA).
There are two ways of scanning and mapping the asset:
- Via Web: If our file size is less than XX Mb, just drag and drop the file and it will be scanned and mapped.
- Through the RC encrypting tool: If your file is greater than XXMb, download and install the tool in you pc, browse and select the files that represent your idea, project or asset and the tool will create the unique identifier.