Bri%%X%% Blockchain: Tokenizing physical assets

Physical assets, particularly sensitive products and services deserve that extra bit of security and efficiency

Blockchain technology, also known as Distributed Ledger Technology (DLT), enables digital data to become uncopyable. This uncopyability feature makes it possible to represent various types of values digitally. These values can include currencies, tangible assets, ownership, rights, intangible assets, vouchers, tickets, and memberships.

The practical use of DLT enables businesses to create entirely new business models with new sources of income. Existing, previously inefficient processes can also be profitably redesigned with the help of DLT. Companies of all sizes can leverage DLT to enhance their operations and create new opportunities for growth.

BriX BLOCKCHAIN works seamlessly when combined with BriX ENGAGE and BriX CHAT, providing a powerful solution for businesses looking to leverage the benefits of blockchain technology.

Bri%%X%% BLOCKCHAIN use cases

  • Consumer goods: Creative bonus programs can be implemented using tokens instead of stickers or points. These tokens can be used in a larger eco-system beyond the issuing company. The use of DLT allows for variance and significantly simplifies the issuance, redemption, and reporting process, especially in the area of financial accounting.
  • Real estate financing: The tokenization of assets such as real estate or securities can help to divide them into smaller units and distribute them to a larger number of investors. This approach can lower investment thresholds and increase liquidity.
  • Sports clubs: DLT can facilitate alternative and attractive payment methods in stadiums and other venues. With smart wallets and even the club's own currencies, the trading and payment process becomes accelerated, simplified, and fully verifiable. The incentives for new and existing members can be designed more creatively, and club collectibles can be marketed securely and profitably. Moreover, administration and reporting costs are dramatically reduced.
  • City marketing: Local retailers can benefit from innovative DLT marketing initiatives in their city and municipality, similar to sports clubs.
  • Administration: DLT can provide notarization services for contracts, documents, and even land. This approach is made possible by the use of unalterable and tamper-proof documents and signatures.

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