DIGITAL ASSET MANAGEMENT WITH YOUR OWN BLOCKCHAIN TRUST.
Digital asset management is a grossly discussed topic as large corporations have increased awareness of the need to digitize their assets for easy transactional operations. In addition, the world is a global village, creating the need for inclusiveness without border restrictions or geographical hindrances. These are achieved using web3 technologies, where real-world assets are transformed into digital versions with records stored on the Blockchain.
These innovations have caused disruptions in industries like banking, healthcare, energy, publishing, media, law, and many others as these industries have begun to acquire more and more digital assets.
The problem with all of these innovations is not the profit of it but how to manage the progress and the increasing demand for these assets. How will these companies manage all these bytes of data and simultaneously be as transparent as possible? For instance, patient data is an important asset; how can an organization manage and protect these assets from fraudsters, given the continuous rise of malicious activities?
With the proliferation of social media and the sector's impact, many businesses are online. The most interesting part is the presence of technologies like the metaverse, which makes virtual life a reality. We can now see that many people with very little knowledge have begun to grab assets online without knowing how to manage these assets and guard them against loss.
Other problems faced include,
Managing consumer data in a way that it does not breach the terms of the agreement that govern their privacy and use of information
How organizations protect their online users and assets from hackers and fraudulent activities, as well as creditors
The burden on data management is how companies can find effective ways to store, organize, retrieve and disperse data and assets across multiple channels securely and without limitations. The Blockchain is one platform that ensures the security of digitized assets and the ease of retrieving and distributing such assets across multiple platforms if need be.
Blockchain Technology and Asset Management
Blockchain technology is built with a very secure algorithm and cannot be easily hacked, except if users give them access. The platform is transparent, and every transaction is made available for verification. If a block is identified as fraudulent and unauthentic, it will not be added to the chain.
Also, the Blockchain is decentralized, which means there is no central figure calling the shots and determining how things run; a community or a network runs it. If you belong to a network, you can also participate in determining how things happen in that network. So the Blockchain, like an online ledger, provides the perfect platform for protecting digital assets and transparency.
The Blockchain is so secure that it cannot be reversed once a person verifies a block. The Blockchain works as the name implies; whenever a person performs any action or transaction on the network, it is recorded in a block. If the individual performs another action, it is recorded in a different block. The new block is linked to the existing one and continues to record blocks automatically and attach them in a chain-like manner–meaning the next block is a result of the previous. It also simplifies verifying a person's previous transactions, especially when digitizing their assets.
The Blockchain has become the best platform to manage digital assets because of its security, ease of maneuvering to retrieve assets, ease of moving assets from one place to another, protection of assets and the anonymity it gives its users. It is not that you cannot identify them, but you can only identify them by their unique identity on the Blockchain that is unlinked to their person. So, you can have transactions with someone, identify them by their special number, and still not know their names.
The Blockchain Trust
In a situation where an establishment is under investigation and scrutiny, and an order is given to release asset data, assets and information within their companies, how can such companies holdfast in protecting such information and data? Such a possibility is only possible using a trust that cannot be unveiled in every circumstance.
Trust happens when a person (trustor) gives another person or organization (trustee) the power to manage and transact with their assets for the benefit of a third party (beneficiary). It means a person can own digital assets, give them to a trust to help secure these assets, and the trust manages the assets and gives dividends to whoever the trustor wants.
It is a form of asset security and asset management. Although it is easier for organizations to manage assets for trustors now on the Blockchain, the process is cheaper, faster, more secure, and more transparent.
A trust protects from liabilities, excessive government taxes, and financial predators. Above all, the Blockchain makes it easier because the process is transparent and faster than the usual processes. As businesses worldwide begin digitizing their assets, the blockchain trust is the best platform to manage these assets and secure them from creditors, draconian policies, and heavy taxation.
For every business, corporation or asset, security is an ultimate factor.
Think Safety. Think Blockchain Trust.
Register your Blockchain Trust company today and guard the assets of clients against mismanagement.