Many investors seem to have no idea about what is coming. The future of blockchain and its surrounding technology is very bright and its is leading us to a better revolution.

In the past few years, Non Fungible tokens (NFTs)has taken the space in a very short period of time. What are NFTs ? They are unique assets implemented on blockchain to prove the authenticity to ownership of a particular item. NFTs might be Arts, Properties, Certificates, Bills, Articles and lots more. NFTs has open us to more importance of blockchain and other innovations. Since NFTs proves ownership to assets, it doesn’t necessarily means tokenizing.

What Is Tokenization ?

Tokenization is the fractional division of assets by converting them to a more smaller units that enables more than one investor or individuals to have ownership over an asset. Example; There is a house in Florida that needs to be sold at a price of 1 million dollars. We have 10 investors who are interested in buying this house but none of them have 1 million dollars. Tokenization can allow them all to own a piece of this house by creating a digital ownership (Certificate) of this house with a unique identity of 10 where each has its own uniqueness, this might be based on invested amount, name, location, apartment and so on. This enables 10 investor own an asset and this agreement is very immutable since its implemented on the blockchain.

This tokenized assets can be sold anytime to any other investors who wants to buy it thereby the ownership will be transferred to its new owner even without the consent of other investors. After being sold the seller has no right of claim again because it is immutable and all transaction are being recorded on the blockchain for years.

This can be applied in any sector in the world including Businesses, Real Estates, Museums, Arts, Education, Government, Contracts and lots.

Why Tokenization ?

Fractional Ownership As discussed earlier, Tokenization enables investors to be able to own an assets alongside other investors. Thousand of investors can own a piece of a building which sounds more interesting.

Immutability and Security

Transaction on blockchains can’t be changed nor deleted. This technology makes it more secured and trustworthy. Which means an asset cannot be compromised through the blockchain unless it was given a secured access by the owner.

Trading and Liquidity

Tokenization can make allow assets to be traded through decentralised exchanged or peer to peer. Since assets can be tokenized into dividing to certain amounts of supply thereby enabling certain investors to trade this assets as tokens. Note that a fractional ownership to an asset is also a total ownership to certain part of an assets thereby it can be tokenized all over again.

Globalization

Assets can be bought and owned irrespective of location or differences. Since trading is also globalized through centralized and decentralized platforms makes globalized trading more easier.

Diversification

Investors can now decide to own fraction of assets thereby reducing their risk to owning just an asset in a portfolio.

Contract Automation

With tokenization on blockchain, there is no third party need or physical contract. All settlement and ownership transfer can be done on blockchain at a spot which makes such faster, reliable and efficient technology.

Example of a blockchain technology implementing full tokenization is the SOLOGENIC Project built on the XRP Ledger. Sologenic (SOLO)is an ecosystem that aims to facilitate the process of a low-cost, on-demand, and secure tokenization of non-blockchain assets on the XRP Ledger.

In my next article, i will write about Sologenic and how it will help the adoption of tokenization in the future.

What Is Big Data ?

Big Data are large volume of data that can not be solved using the traditional data analysis. It comprises of data from different spots, sensors and variances with a lot of attributes. Taking a look from a simple blockchain explorer, it comprises of transactions of different tokens and blockchains which can exists for decades.

Big data enhances security in blockchain development. By analyzing vast amounts of data, developers can detect patterns, anomalies, and potential threats. This empowers them to build more robust security measures, ensuring the integrity and immutability of blockchain transactions.

According to Wikipedia, the big data market is set to worth 70 billion dollars in next two years. Introducing the blockchain technology into this estimate then we can see it’s a big impact on both market. During this present decade, blockchain has experience it’s most level of development and new innovations which has bring most demand in big data for analysing and optimizing sets if transactions, users, Hash, Blocks and Addresses. According to recent sentimental analysis this need will continue to grow more as most people adopts blockchain technology.

Big Data will help in scalability of the blockchain and creates a trustable environment for users and industries.

Blockchain Vs Hashgraphs

In 2009, Ethereum technology became wide known through its Proof of Stake (PoS)mechanism built on the blockchain. To know more about proof of stake, you can check my article here . However, this isn’t enough to cater for daily peer to peer transaction because of high gas fees generated. More so, the ethereum blockchain can get easily congested most especially when it gets too busy.

Nevertheless, this innovative developments from Bitcoin and Ethereum has led us to various technology today which includes the sidechains, Consensus, ledgers, DAGS, Rollups, Zero- knowledge and so on. Most importantly, we are interested to know why hashgraphs can change the entire crypto space.

What Is Hashgraph

Hashgraph is a consensus algorithm that can be used in distributed ledger technology in this case (Blockchain). It basically uses the idea of a directed acyclic graph (DAG) to record the history of transactions, rather than a linear chain of blocks as in traditional blockchains. This allows for higher throughput and faster transaction confirmation times, as multiple transactions can be processed simultaneously.

Why Hashgraph Is Unique

This technology requires all transactions to be recorded simultaneously to every participant and nodes, which means they can communicate with each other through every transactions. This means a transaction can’t be manipulated from one person, validators or nodes. This technology implements the complete consensus mechanism, this transaction details will include the timestamp, original identity. By using virtual voting, each participant can determine the consensus order of the transactions based on the information received from others.

The key idea behind Hashgraph

Hashgraph also claims to provide fairness and security by utilizing a voting-based consensus mechanism. Participants in the network vote on the order of transactions and events, and the algorithm guarantees that everyone eventually reaches a consensus on the order of events. This consensus mechanism is also Byzantine fault-tolerant, meaning it can tolerate malicious behavior from a certain percentage of participants.

Why Hashgraph Is The Next Big thing In Crypto

Considering the fact that blockchain is still early and has a lot of room for adoption, this has made some other factors that might affect the blockchain not really obvious. Most recent blockchain most especially Ethereum and Bitcoin has been proving to have a high rise of fees whenever there is a high volume of transactions and users at a time even the through put becomes so low. Hashgraph makes the difference at least for now. For web3 revolution we will need cryptocurrencies that can change the revolution of payments and transactions with speed, cost effectiveness and efficiency. Although, PoS has its own specific implementation that has make it very unique and special but can’t be compare to the potential of hashgraph because of is high throughput and low latency.

Hashgraph hasn’t been really adopted compared to PoS Blockchains but has been proven to worth the attention of entrepreneurs, developers and investors. The need or this technological improvement will be needed in the future which will hasten its adoption than PoS and PoW blockchains.

It is also better to note that the low adoption of hashgraph hasn’t lead to more research and flaw detection, so there might be limitation in

this technology and more development will start to hop in.

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Nevertheless, there has been a lot of experience with how blockchains might not be the best solution for asset assurance and security. Following the losses inccured from FTX, LUNA and other failed blockchain projects. This has enough proof that centralization can’t be neglected. Someone needs to control this circumstances to some extent.

To be clear, Blockchain is not all about cryptocurrencies but comprises of all other innovations and project that surrounds it.