THELOGICALINDIAN - Tokenized flamethrowers assuredly appear to market
Ethereum ability be the easiest way to barrage an ICO, but it’s far from the alone belvedere for new tokens. After hatching in aboriginal 2018, Ravencoin has emerged to accomplish a name for itself as a badge ecosystem. The tokenization technology is award 18-carat account as the foundation for a growing cardinal of industry applications.
One of Ravencoin’s best-known advocates is Patrick Byrne, buyer of Overstock.com. Overstock’s blockchain-centric subsidiary, Medici Ventures Inc., has already taken advantage of Ravencoin, best conspicuously for the purchase of a stake in Chainstone Labs for $3.6 million. These aegis tokens represented 29% of Chainstone’s equity.
Ravencoin is advised to accomplish it accessible to actualize and administer tokens and agenda assets. “The aim of Ravencoin is to do one affair and do it well: advice users affair tokens and agenda assets securely,” Chainstone CEO Bruce Fenton explained. “Tokens, decidedly balance tokens, are a able breadth for blockchain technology.”
But the account of Ravencoin stretches able-bodied above aegis tokens. Here are a few added projects in development:
NVRMOR.io
When it comes to artistic applications, it’s no abruptness that a accumulation of artists would angle out from the crowd. The creators of NVRMOR are focused on application the blockchain as a apparatus for the tokenization of agenda art, lending the average the aforementioned absence as acceptable media.
An artist’s assignment can be angry to a provably different agenda badge to prove its actuality and uniqueness. Using Ravencoin’s tokenization capabilities, the website explains, “Once the art is angry to the blockchain, there’s never more of it.”
The activity currently allows artists to actualize non-fungible tokens, which are anon angry to the artist’s work. Artists can affair “trading cards” with their image, bio, and acquaintance advice which can be awash or able to art collectors, bond them with the artists as a patron. Tickets can be issued as agenda tokens for events, collectibles, or added appurtenances and casework provided by the artists.
In the future, NVRMOR affairs to acquiesce artists to anon bulletin collectors with the congenital messaging appearance of the Ravencoin network. Artists can additionally booty advantage of the network’s babyminding features, application vote tokens to poll collectors about their accepted works of art or approaching projects.
Vinsent Wine
This wine-trading belvedere utilizes Ravencoin technology to acquiesce peer-to-peer trading of wine futures. Unlike added futures markets, there’s no intermediary: Ravencoin creates a absolute affiliation amid wineries and consumers. By downloading an app, Vinsent Wine users get admission to bound copy wines anon from bazaar wineries. Providers accept wines to action via the belvedere and accord users the befalling to try out different wines that ability not contrarily be available.
Vinsent Wine is application blockchain technology to booty a altered access to analytic industry problems. Per the website: “We seek to accouterment the disability of the wine industry administration archetypal by reconnecting consumers anon with wineries.”
With the Vinsent Wine app, users can pre-buy wine afterwards harvest, while it is still actuality made. By application this system, the wine is added affordable and anon accessible to consumers, rather than actuality absolute to a baddest scattering of merchants. Discounts ambit from 20% to 60% compared to retail — a abundant savings.
Guncerts
Guncerts uses tokenization to break the botheration of proving gun ownership. Ravencoin tokens are acclimated to abundance advice about the make, model, and consecutive cardinal of the firearm, which can be anon affiliated to the badge by laser carving on the gun itself.
“The laser carving would, in effect, advertise to any ‘need to apperceive party’ that the firearm has been tokenized,” explains the website, “and [that] relevant advice apropos the firearm exists, digitally.”
Using Ravencoin asset digitization, gun owners can calmly prove or alteration buying and almanac aliment and upgrades while application privacy. Using Ravencoin’s messaging system, manufacturers can alike affair important advice such as recalls anon to owners.
The Guncerts badge asset band-aid eliminates the charge for advancement receipts and bills of buying of accoutrements while convalescent aloofness for owners.
Bits Be Trippin
On the affair things that go boom, Bits Be Trippin (BBT) uses Ravencoin’s blockchain technology for owners of the Boring Not-A-Flamethrower.
Using Ravencoin tokens, users can allotment their hottest memories of the device, and accessory history is beneath the absolute ascendancy of the not-a-flamethrower owner. Users annals via the BBT service, which again ties anniversary accessory to its agenda identity.
This is artlessly an example, which BBT uses to authenticate what can be done with the digitization technology. Creating a agenda representation of a concrete article creates a “life cycle,” area users can almanac the history of anniversary accessory and clue or allotment its history.
This aforementioned action can be continued to collectibles like baseball cards, coins, or alike vehicles. “It’s about assiduity the absolute affidavit casework with a apparatus that allows provenance, changes, and updates,” the activity explains, which are “shared beyond the blockchain.” This abstraction additionally extends to character casework that can be cryptographically affiliated to tokens “to authorize buying aural the character amplitude as it embraces blockchain technology.”
TokenizEU
Returning to the added “traditional” utilities, TokenizEU sets out to booty abounding advantage of Ravencoin’s strengths in arising aegis badge offerings. Owned by Comistar, TokenizEU is a belvedere for alignment STO’s in acquiescence with European Union regulations. Badge holders can be messaged anon via the Ravencoin network, participate in voting, and alike accept allotment payments in admeasurement to their holdings.
RVN tokens can accommodate a assortment for autumn metadata on the Interplanetary Filesystem (IPFS). This abstracts can accommodate acquaintance advice or alike digitally active files affiliated anon to the token. Ravencoin technology, Comistar Global explains, “allows the issuer to prove they accept active the abstracts that are immutably associated to the token.”
These aegis tokens are about the aforementioned as acceptable securities, with the added accessibility and immutability of the electronic wrapper, authoritative them “easier, faster, and cheaper to utilize.” Rules and regulations can be activated by cipher rather than by acceptable methods for managing authoritative compliance.
TokenizEU acts as an adviser and provides a belvedere for those adulatory to anatomy their STOs in acquiescence with EU regulations. Belvedere ally abetment with the legalities of the business action and action able business strategies.
But Wait! There’s More…
Of course, there are many more advancing Ravencoin projects, acclamation a ample array of interests and needs. From mega-corporations affective millions of dollars in balance to baby beginning enterprises experimenting with tokenization, the decentralized ecosystem is diversifying and accretion at a accelerated pace.
