Author | Qin Xiaofeng
Editor | Liang Chen
Author | Qin Xiaofeng
In the world of blockchain, all digitalization is advocated, and the proof of ecological rights and interests in the blockchain system is a digital asset.digital assetsAt present, the understanding of blockchain digital assets is usually limited to tokens (tokens), but this is only a narrow understanding. broadly
digital assets
In other words, digital assets are not limited to native tokens in the encrypted world, and more importantly, they interact with the real world and can map real assets on the blockchain.
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(CAC Filing List)
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Hash Future is a blockchain technology platform that focuses on on-chain assets, and currently provides on-chain transactions of digital assets and physical assets.
The so-called "asset chaining" refers to the act of tokenizing (issuing tokens) (virtual and physical) assets using blockchain technology. Since the blockchain is open, transparent and immutable, assets on the chain can break through the limitations of time and space for circulation and transactions.
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(assets on chain)
In terms of digital asset on-chain, Hash Future has cooperated with China Today Art Museum to establish "Today's Future LAB" to promote the confirmation and circulation of digital art on the chain.After the artist has created the work, Hash Future will confirm the title of the work through "hash value + timestamp", and protect the artist's right to use the work through "zero-knowledge proof + distributed storage + trusted call" , Artists can also transfer data rights through the blockchain to realize the circulation of works.However, blockchain rights confirmation has not yet been recognized by copyright agencies. Director of China Press Copyright Service Center
Jia Yinghao, the founder and CEO of Hash Future, told Odaily that the first step to confirm the rights of Hash Future is to deposit certificates. If the artist encounters copyright disputes in the future, the blockchain deposit certificates on Hash Future can be used as A valid legal proof. Even if the copyright agency has not yet recognized it, the court will still use the blockchain deposit as legal evidence.
according toXinhua News Agencyaccording to
Xinhua News Agency
In addition to depositing certificates, the second step of Hash's future service is to trade the certificates, and reduce the circulation costs of the certificates through smart contracts, so as to fully realize the value of the certificates.
According to Jia Yinghao, the copyright confirmation made by Hash Future and Today Art Museum has received the support of more than 200 artists.
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In terms of on-chaining of physical assets, HashFuture has completed several application examples: housing on-chain and jade on-chain.
On August 20, 2018, Hash Future provided asset on-chain services for a piece of Xinjiang Hotan moyu. Hash Future collects the characteristics of this Hetian jade ornament, such as hardness, density, ore veins, and human attribute information such as the age of the jade, collectors, and sculptors, and registers it on the blockchain like a "fingerprint" , and generated a "digital ID card" including "digital fingerprints", node information and a legally effective "pay-as-you-see agreement", that is, a "hash pass".
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(Asset on-chain template)
According to Jia Yinghao, Jade Tokens can be circulated and traded on the chain. If someone collects all Jade Tokens, they can exchange them for Jade from Hashnode, the custodian of Jade. "The pass is equivalent to a delivery coupon."
So, what are these house tokens good for? "Users who hold housing tokens can think of rights and interests, which are mainly composed of three parts: consumption rights, ownership and consumption rights." Jia Yinghao said.
According to Jia Yinghao, the house is entrusted to a local housing agency for operation, and the operating income (converted into TUSD) will be transferred to the person holding the house token, which is the right to income; the person holding the token can lease the TUSD The house is paid with tokens, which is the consumption right; if a user collects all the house tokens, he can apply to the housing trusteeship company to exchange the house, which is the ownership.
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How to supervise off-chain payment?
Whether it is a jade token or a house token, relevant legal issues are involved.
First of all, how to ensure that the issuer has ownership of the house, jade and other entities and has not been bought and sold multiple times? Jia Yinghao said that before the physical assets are put on the chain, Hash will conduct a review of relevant materials in the future, requiring the issuer to produce materials that can prove the ownership of the physical assets, including legal documents signed by lawyers. In addition, these materials will be publicized to users before the official issuance of tokens, so that users can check themselves.
Furthermore, how to ensure that the owner of the real asset can fulfill the smart contract and redeem the real asset? Hash Future currently adopts a deposit system, that is, the owner of the physical asset and the Hash platform jointly submit a deposit equivalent to the token (TUSD or other mainstream currency). If there is a breach of contract after the event, the deposit will compensate the user. "The deposit is only temporary. In the future, we still hope to ensure that there will be no breach of contract through the system and process."
Finally, in the process of issuing tokens, will the valuation of real assets be inflated, violating relevant regulations? Jia Yinghao believes that the pricing power of real assets depends on buyers and sellers. If the buyer or seller thinks that the valuation of the pass is too high, they can choose not to invest, and there will be no forced buying and selling. The final transaction price is determined by the market.
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Currently, the future layout of Hash is as follows:
Lianbaowu: put real estate on the chain and issue tokens, and users can invest in real estate tokens;
Hash World: a platform for on-chain digital assets of game props, which will package virtual identities (relationship chains, trust) in the Hash World in the future;
Hash Research Institute: Blockchain technology outputs and provides an asset on-chain platform.
