Tokenization as a way to mark goods

Before blockchain was invented, most countries faced the problem of counterfeiting. Almost all profitable goods were counterfeited. The universal solution to this problem for all kinds of goods was marking.

Labeling is text, symbols, pictures or barcodes applied to packages or goods. The marking confirms the authenticity of goods. That is why at the beginning of the 21st century, most countries independently decided that product marking is a necessary procedure.

Today, the most common type of marking is a bar code. The barcode can be seen on any product in the supermarket. In order to read the barcode, the cashier uses a scanner that determines the authenticity of the goods.

However, the barcode, like any other method of marking, exists only in the world of fiat. Or not?

Until Barter Smartplace came along, the NFT segment didn’t offer a marking function for goods. We suggest using NFT as a new way to mark real and digital assets. Let’s take a closer look at this innovative solution.

Tokenization is the digitization of a real asset stored in a blockchain, which can then be tracked, moved and sold. And selling such a tokenized asset is much easier. In other words, tokenization of any real asset creates a unique, non-fungible token.

Let’s consider tokenization as a way to label goods in practice.

An artist manages to sell their painting. There are not many ways to sell a painting in the world of fiat, but that’s not the main problem. Besides, a painting can be forged, and there are many such historical examples.

Selling their painting, the artist will have to use the services of proper companies, which will take a significant portion of the profits received for the sale of the painting.

Such a problem will not arise with the tokenization of a real asset on Barter Smartplace.

On Barter Smartplace, the asset tokenization service costs $1 + 10 BRTR. The fee charged for posting an ad on Barter Smartplace is 0.02% of the price. The price of asset tokenization and fee on the platform is significantly lower than other services and marketplaces offer.

Thus, tokenization as a way to mark goods is a new, but already demanded, and rather cheap service for Barter Smartplace customers.

As pioneers of tokenization, we provide other services at attractive prices.

Tokenize your creativity with Barter Smartplace and don’t lose out on commissions 👉 http://smartplace.barter.company/

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