Strain companies and Wall Street giants are racing to convert shares, bonds and real estate into codes similar to encryption. We asked an expert to destroy what this means for your money.
The revolution is funding, promised to destroy the old walls in Wall Street and bring in origins such as stocks, bonds and even skyscrapers on Blockchain. It is called a distinctive symbol, and it can mainly change how we have and think about value. To understand what this means for the ordinary person, we divided the concept and talked to Ken Decus, the co -founder of the Blockchain wire network for inter -operation, about the future of a symbolic world.
1. What is the distinctive symbol, really?
The distinctive symbol takes one of the assets of the real world, such as a share of Tesla shares, and convert it into a digital code that lives on Blockchain.
What is Blockchain? Think about the matter as the insured and participatory professor’s notebook that cannot be tampered with easily. It is the same technology that operates encrypted currencies as Bitcoin.
By placing a stock in this safe digital cover, it can move faster, freely, and with fewer intermediaries online. In the words of Ken Decus, the goal is simple: “It really brings all the origins in this world to the series, and it is exactly where they should be.”
Is this like buying Tesla shares as a coding currency? Or something else?
It is not a Mimi currency. You do not buy a similar symbol or of manufacture. You buy a numerical representation of an actual share, supported 1: 1 through the real thing. It should give you a law with the same benefits, such as profits, although this depends on how it is issued and regulated.
What is the difference between having a symbolic arrow and a regular share through, for example, Robenol?
On Robinhood, the shares are locked in their system. Symbolic stock, however, is carried. You can keep it in a personal digital portfolio, or circulate worldwide around the clock throughout the week, or even use them in new types of applications, such as Defi lending platforms. It is like having digital money instead of the store’s closed store for a specific store.
2. Why is this?
What is the problem that solves the distinctive symbol that the current stock market does not do?
The current system is slow, fragmented, and limited by the gate guards. Stock deals can take days to settle, restrict you to geographical hours and banking watches. The distinctive symbol breaks these limits, creating what Dicross describes as a seismic transformation in the possibilities.
“It is like playing Super Mario in the 1990s, where you can only go to one direction,” explains Dicross. “Then they go out, and they go, like, Mario’s open world now. Like, they do what you want. It is literally, such a big shift.”
Is this related to access, speed, cost or control?
all of the above. The ultimate goal is to open assets for everyone. For Dicross, the distinctive symbol can reveal the real market value of the asset by expanding a wide range of what it can possess.
“I will form that we may not know the actual true value of the skyscraper in Manhattan at the present time, just because there are still restrictions,” he says. “If you can access and break … to where farms in Iowa can possess a portion of it, I guarantee that payment and prices.”
3. Cases of using the real world
Where is the distinctive code already used today? Can anyone buy Apple shares on the series now?
Yes, but it is complicated. Some external platforms already offer symbolic versions of the main stocks, but these are not largely available to American investors due to strict regulations. The real procedure behind the scenes occurs, where financial giants such as JPMorgan and Franklin Templeton are already used groups of their assets for asset symbols such as money market boxes and bonds, proving that technology works widely.
How close to us from trading people with the same way as they buy Bitcoin or NFTS?
Closer than most people realize. Technology is ready, but the organization is the bottleneck. If organizers, such as the Securities and Stock Exchange Committee (SEC), created clear rules for distinctive securities, the adoption may be fast. Think 1-3 years for early use on a large scale, and 5 years until it is prevalent.
4. The risks, not only rewards
What are the biggest risks with distinctive stocks?
Organizational uncertainty is the biggest obstacle. If the organizers consider an illegal platform, investors may lose their assets. There are also technology risks. Dicross is also noted, “This is the code that is used instead of, as you know, writes, like the instrument of those who own what.” While it is believed that this digital danger is the best of the risk of the analog world losing the loss of a material document, it still represents a danger.
How to prevent fraud or manipulation of Blockchain?
Blockchain transparency helps by showing every treatment publicly. But you still need human and legal classes: the trustees of the right to hold basic shares, appropriate reviews, and organizational control. Blockchain does not eliminate the need for confidence; It only turns architecture.
5. The big and future image
Some people say that the distinctive symbol will “eat Wall Street.” Is this real or just marketing?
It’s a little bit of both. The symbol will not replace Wall Street, but he will force him to update. Dicross believes that large companies will adapt through the launch of Blockchains and symbolic products.
“You may not have the same slice of the pie. It may be smaller … This means that you have a smaller slice of something larger now,” as expected.
How does the stock market look within five years if the distinctive symbol is prevalent?
Imagine buying a 24/7 share of your phone, anywhere in the world. Immediate settlement. Fees near scratch. You can use your assets through different applications for trading, lending, borrowing without waiting for days or dealing with papers. This is the vision. For Dicross, it will be a world of countless Blockchains, and they all need to speak in the same language, a problem that his company aims to solve.
“I hope there will be, like a billion chains,” he says. “We only know that it must be uniform, and that the series in which you are present is able to speak smoothly to the series that every person is doing.”
The future is not one series for all of them. It is a divided world of digital assets, which is diluted together by the infrastructure that most people do not see.
The distinctive symbol may not eat Wall Street. But he certainly sits on the table itself.
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