The first RWA project on advertising in China was implemented through a three-party cooperation between state-owned enterprises, a compliance platform, and Web3 technology.
This project applies on-chain authentication and ownership traceability mechanisms to promote the digital transformation of traditional non-standard assets, creating a breakthrough in the IP compliance ecosystem in the Asian market.
MAIN CONTENT
Establishing a leading three-party cooperation model in China for the compliant RWA advertising project.
Applying Web3 technology with a mechanism to trace the entire process and confirm ownership on-chain.
Promoting the digitization and standardization of non-standard cultural assets for listing on the Blockchain.
How was the first RWA advertising project implemented in China?
The project is the result of collaboration between state-owned enterprises, a compliance platform, and a Web3 technology unit, creating a new cryptocurrency management model based on real assets. Thanks to the on-chain authentication mechanism and comprehensive traceability, the project ensures transparency and compliance with strict legal standards.
The operational method focuses on simulating the digitization process of non-standard assets, helping investors and businesses more easily access cultural assets through blockchain while minimizing legal risks.
What is the impact of the authentication and on-chain traceability mechanisms on non-standard assets?
The project's on-chain authentication mechanism employs advanced technology to track the entire formation and transaction process of assets, while ensuring transparent ownership records, preventing fraud and enhancing platform reliability.
Ensuring traceability and transparency not only strongly promotes digital transformation for non-standard assets but also sets a benchmark for similar projects aimed at developing the blockchain ecosystem in China and Asia.
"This collaboration represents a major development in the compliant IP ecosystem, paving the way for the listing of cultural assets on the blockchain."
Statement from the representative of Story Foundation, August 2023
How does this three-party cooperation open up new opportunities for the digital asset market?
The collaboration between state-owned enterprises, a compliance platform, and Web3 technology not only enhances trust but also creates a foundation for sustainable development of the digital asset market in China.
Thanks to this model, investors will easily access non-standard assets realized on the blockchain with high security, while contributing to the expansion of the cultural and advertising digital asset ecosystem.
What is the potential for digitizing non-standard cultural assets on the Blockchain?
The digitization of non-standard cultural assets on the blockchain is an inevitable trend to preserve value, increase liquidity, and ensure transparency in transactions. The project in China demonstrates the feasibility and practical benefits of this method.
The application of Web3 technology and legal compliance solutions not only creates a stepping stone for future projects but also contributes to raising awareness and building community trust in digital assets.
Frequently Asked Questions
What is RWA and why is it important in cryptocurrency?
RWA (Real-World Asset) is a real asset digitized on the blockchain, helping to connect real value with cryptocurrency, increasing liquidity and reducing legal risks through compliance with standards.
What are the main benefits of applying Web3 technology in this project?
Web3 technology helps increase autonomy, transparency, and security for the asset transaction process, while reducing intermediaries and operational costs.
What are the components of the three-party cooperation model?
Including a leading state-owned enterprise, an operating compliance platform, and a Web3 technology unit providing technical support to ensure legality and advanced technology.
What are non-standard assets in the context of this project?
As non-standard or hard-to-price traditional assets, such as cultural assets, advertising is digitized and managed on the blockchain to optimize value.
How does this project impact the Asian market?
This is an important step in developing a compliant IP ecosystem, expanding the digitization and listing of assets in the Asian region.
Source: https://tintucbitcoin.com/rwa-va-story-foundation-ra-mat-du-an-tuan-thu/
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