Difference between revisions of "Using Ravencoin"
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'''This page is under development''' | '''This page is under development''' | ||
| + | == Introduction == | ||
| + | Blockchain is a technology that has the capacity of keeping immutable records that are accessible to millions of users and it has the ability to constantly update as property ownership changes hands. Although this technology is broadly used for currency transactions, it is also a very promising technology for the transaction of assets, such as securities, land titles, and art. The Ravencoin platform is well-suited for this purpose because the wallets and asset protocol offer a very easy tool for creating asset tokens that may represent securities, land titles, art, etc using real-world agreements. | ||
| − | == Securities == | + | == Tokenizing Securities == |
| − | An important property of Ravencoin is that it is optimized to carry securities. Bruce Fenton gave a number of talks and produced a miniseries about why securities should go on a blockchain. | + | An important property of Ravencoin is that it is optimized to carry securities as it will allow for messaging share holders, voting, and paying out dividens (implemented in later development phases in the first half of 2019). Bruce Fenton gave a number of talks and produced a miniseries about why securities should go on a blockchain. |
* '''[https://medium.com/@brucefenton/securities-tokens-free-mini-course-video-series-6cca4ad59276 Securities Tokens Video Series]''', Bruce Fenton, Medium, Sep 27th, 2018 | * '''[https://medium.com/@brucefenton/securities-tokens-free-mini-course-video-series-6cca4ad59276 Securities Tokens Video Series]''', Bruce Fenton, Medium, Sep 27th, 2018 | ||
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* '''[https://medium.com/@futureblok/security-tokens-how-wall-street-and-blockchain-will-collide-8526634a9230 Security Tokens: How Wall Street and Blockchain Will Collide]''', Futureblok, Medium, May 6th, 2018 | * '''[https://medium.com/@futureblok/security-tokens-how-wall-street-and-blockchain-will-collide-8526634a9230 Security Tokens: How Wall Street and Blockchain Will Collide]''', Futureblok, Medium, May 6th, 2018 | ||
| − | == Land Titling == | + | == Tokenizing Land Titling == |
| − | + | Using blockchain for land titling provides a low-cost land administration system, which is very appealing to developing economies that have no systems in place for clear property ownership. | |
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Ravencoin assets are well-suited for the purpose of land titling. The first project that started on Ravencoin for this purpose is [https://ravenland.org/ Ravenland]. Ravenland is ran and owned by its community and functions as an experimental agent for buying and selling land and estate. | Ravencoin assets are well-suited for the purpose of land titling. The first project that started on Ravencoin for this purpose is [https://ravenland.org/ Ravenland]. Ravenland is ran and owned by its community and functions as an experimental agent for buying and selling land and estate. | ||
| − | == Art == | + | == Tokenizing Art == |
| − | + | Just like land titling, tokenizing property ownership of art is also a possibility on Ravencoin. The first tokenized Art object on Ravencoin was offered by [https://loftvr.io/ LoftVR]. The art piece was a [https://loftvr.io/tron-countach/ limited edition 40" x 30" Canvas Print of a TRON COUNTACH]. | |
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| − | == | + | == InterPlanetary File Transportation Service (IPFS) == |
| + | === Adding files to Ravencoin tokens === | ||
| + | Ravencoin also supports IPFS. IPFS allows decentralized storage of files and each file is accessible through a hash code. By adding this hash code to a Ravencoin asset, you are able to connect any kind of file to a token. To attach a file you can upload it to [https://globalupload.io/ Globalupload.io] and add the generated hash to an asset in your Ravencoin wallet. | ||
| − | + | === Decentralized Web === | |
| + | IPFS files can also contain dAPPS such as websites, which allows to use Ravencoin as a decentralized world wide web service. Such a service would be useful for people who like to reach web content which they could not by any kind of boundary. Kirk Ballou shared some demonstrations on how that could work on Ravencoin. | ||
| − | https://youtu.be/G_HLNxX_X0w | + | * '''[https://blog.goodaudience.com/the-decentralized-web-powered-by-ravencoin-ipfs-79c0086b6340 The Decentralized Web powered by Ravencoin & IPFS]''', Kirk Ballou, Medium, Oct 31th, 2018 |
| + | * '''[https://youtu.be/G_HLNxX_X0w Ravencoin powering the Decentralized Web]''', Kirk Ballou, Youtube, Nov 7th, 2018 | ||
Revision as of 19:15, 15 November 2018
This page is under development
Contents
Introduction
Blockchain is a technology that has the capacity of keeping immutable records that are accessible to millions of users and it has the ability to constantly update as property ownership changes hands. Although this technology is broadly used for currency transactions, it is also a very promising technology for the transaction of assets, such as securities, land titles, and art. The Ravencoin platform is well-suited for this purpose because the wallets and asset protocol offer a very easy tool for creating asset tokens that may represent securities, land titles, art, etc using real-world agreements.
Tokenizing Securities
An important property of Ravencoin is that it is optimized to carry securities as it will allow for messaging share holders, voting, and paying out dividens (implemented in later development phases in the first half of 2019). Bruce Fenton gave a number of talks and produced a miniseries about why securities should go on a blockchain.
- Securities Tokens Video Series, Bruce Fenton, Medium, Sep 27th, 2018
- Global Ledgers: Scaling & Capacity for Legacy Securities Systems in the Age of Atomic Swaps, Bruce Fenton, Baltic Honeybadger 2018 Bitcoin conference, Riga, Sep 23, 2018. Slides
- How cypherpunk ideals can elevate Wall Street in the digital age Part 1, Part 2, Bruce Fenton, June 12th, 2018
- Security Tokens: How Wall Street and Blockchain Will Collide, Futureblok, Medium, May 6th, 2018
Tokenizing Land Titling
Using blockchain for land titling provides a low-cost land administration system, which is very appealing to developing economies that have no systems in place for clear property ownership.
Ravencoin assets are well-suited for the purpose of land titling. The first project that started on Ravencoin for this purpose is Ravenland. Ravenland is ran and owned by its community and functions as an experimental agent for buying and selling land and estate.
Tokenizing Art
Just like land titling, tokenizing property ownership of art is also a possibility on Ravencoin. The first tokenized Art object on Ravencoin was offered by LoftVR. The art piece was a limited edition 40" x 30" Canvas Print of a TRON COUNTACH.
InterPlanetary File Transportation Service (IPFS)
Adding files to Ravencoin tokens
Ravencoin also supports IPFS. IPFS allows decentralized storage of files and each file is accessible through a hash code. By adding this hash code to a Ravencoin asset, you are able to connect any kind of file to a token. To attach a file you can upload it to Globalupload.io and add the generated hash to an asset in your Ravencoin wallet.
Decentralized Web
IPFS files can also contain dAPPS such as websites, which allows to use Ravencoin as a decentralized world wide web service. Such a service would be useful for people who like to reach web content which they could not by any kind of boundary. Kirk Ballou shared some demonstrations on how that could work on Ravencoin.
- The Decentralized Web powered by Ravencoin & IPFS, Kirk Ballou, Medium, Oct 31th, 2018
- Ravencoin powering the Decentralized Web, Kirk Ballou, Youtube, Nov 7th, 2018
