For a very long period of time, a lot of people have been searching for a way to permanently and securely assure the ownership of assets for an individual. With the introduction of the blockchain technology, it allowed users to make use of the decentralized nature of the blockchain to secure information about owning things. So presently, a lot of people now store property rights with the use of the blockchain technology with numerous types of platforms.
This is where 0xcert comes into play. And this platform have a clear and unique different among all others.
What are the Features of the 0xcert?
A lot of the numerous blockchain series make use of the ERC20 tokens as their primary tokens and this ERC20 tokens and this have been used for a lot of uses ranging from payments to having shares. This also can be used by numerous projects that are used for property rights and certify products as the users use the platform tokens for the implementation of data.
But with the 0xcert, this platform uses a new type of token called the Non-Fungible Token NFT and the tokens are not replaceable and they are very unique and are far better than the ERC20 tokens. This type of tokens are very new in development and the 0xcert protocol utilize them to solve a lot of problems.
The Use of the NFT makes the platform to be able to solve problems such as
- Sluggish Development speed that reduces the entry of new products into the market.
- Low compatibility of the NFT with a lot of services and applications.
- A lot of present irreplaceable tokens have a very small scope and they can be separated from other blockchain
How Does the 0xcert works?
This works by allowing users to implement NFT into their projects and applications. It uses a smart contract to assign very single product with a NF token with a single unique Identifier and after this assignment, it will then enable the identification of the following characteristics and they include
- Is there really such an asset?
- Whether it is the specific certified asset?
- Who owns the ownership of this asset?
So in the end, it will now create a database for assets which places importance to the originality and unique nature to it.
These assets can be in the form of digital assets, financial assets, products, etc.
The 0xcert Platform and Token
The platform for now will be run on the ethereum blockchain technology but with the hopes that in future it will be compatible with a lot of other blockchain. The tokens are in the form of the 0xcert tokens, ZXC, and they meet the ERC20 conditions. These tokens can be used for payments as well as the voting system of the DAO.
CONCLUSION
Thus, with the coming of the 0xcert platform, this will create a new arena for developers to utilize the new irreplaceable tokens the NFT, and it will greatly increase its usability in other sectors such as registration, KYC, Product certification and software licencing.
More information & recommendations:
0xcert Website https://0xcert.org/
0xcert Twitter https://www.twitter.com/0xcert
0xcert Telegram https://t.me/zeroxcert
0xcert Bitcointalk https://bitcointalk.org/index.php?topic=4434967
0xcert WhitePaper https://0xcert.org/whitepaper.pdf