Tokenization platform
Abstract:
A system for generating a digital token that uniquely represents a real-world object is disclosed. The system includes a digital token generation system that generates a unique digital token having a set of digital attributes that correspond to a set of real-world object attributes of a real-world object and to generate a cryptographic link between the unique digital token generated by the cryptographic token generation system and a unique identifier for the unique unit of the real-world object, such that the unique digital token provides a unique digital representation of the unique unit of the real-world object. The system also includes a ledger update system configured to write the unique digital token to a blockchain, thereby facilitating transactions for the real-world object using the digital token, wherein the ledger update system updates a side chain of the blockchain with the unique digital token.
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