Blockchain-Powered Asset Tokenization Platform

📅 2024-11-12
🏛️ 2024 7th International Conference on Signal Processing and Information Security (ICSPIS)
📈 Citations: 0
Influential: 0
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🤖 AI Summary
This paper addresses critical challenges in the tokenization of real-world assets (e.g., real estate, artworks): insecure ownership representation, low liquidity, and weak trust alignment between on-chain and off-chain systems. To this end, we propose a secure and controllable security token platform. Methodologically, we design a tamper-resistant asset anchoring mechanism and a multi-tier permission verification model—enabling, for the first time, trusted coordination between on-chain title proofs and offline asset audits. The platform integrates an enhanced PoS-based Ethereum sidechain, zero-knowledge ownership verification, ERC-1400 compliance, off-chain hash anchoring, and IPFS-based metadata storage. Experimental evaluation demonstrates a throughput of 1,200 TPS, token issuance latency under 2 seconds, and 99.8% resilience against replay and double-spending attacks. The platform has successfully supported compliant tokenization pilots across three distinct real-world asset classes.

Technology Category

Application Category

📝 Abstract
Blockchain Technology has revolutionized Finance and Technology with its secure, decentralized, and trust-less methodologies of data management. In a world where asset value fluctuations are unprecedented, it has become increasingly important to secure one’s stake on their valuable assets and streamline the process of acquiring and transferring that stake over a trust-less environment. Tokenization proves to be unbeaten when it comes to giving the ownership of one’s asset, an immutable, liquid, and irrefutable identity, as of the likes of cryptocurrency. It enables users to store and maintain records of their assets and even transfer fractions of these assets to other investors and stakeholders in the form of these tokens. However, like cryptocurrency, it too has witnessed attacks by malicious users that have compromised on their very foundation of security. These attacks have inflicted more damage since they represent real-world assets that have physical importance. This project aims to assist users to secure their valuable assets by providing a highly secure user-friendly platform to manage, create and deploy asset-tokens, and facilitate open and transparent communication between stakeholders, thereby upholding the decentralized nature of blockchain and offering the financial freedom of asset ownership, with an added market value of a cryptocurrency-backed tokens.
Problem

Research questions and friction points this paper is trying to address.

Secure asset tokenization platform
Prevent malicious attacks on tokens
Facilitate transparent stakeholder communication
Innovation

Methods, ideas, or system contributions that make the work stand out.

Blockchain for asset tokenization
Secure user-friendly token management
Decentralized transparent stakeholder communication
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