FRAXsset
Utilizing the power of the blockchain for global asset rights management. Create provenance of your asset, fractionalize ownership, and trade your asset shares on the Ethereum blockchain.
The next generation of the internet, web3, includes a decentralized web powered by the blockchain. The FRAXsset application leverages that capability to help in creating provenance and record of ownership for almost any type of asset, from digital assets like software code, songs, images, video and documents to physical assets like real estate and art. FRAXsset is optimal for the support of cross-border (international) joint ownership and exchange of assets. It allows not only for the recording of an asset, but additionally the division of said assets into shares/tokens that can represent the fractional ownership by multiple parties of the asset. It subsequently allows for the transfer to another party of owned shares/tokens. Additionally, a seller and buyer can arrange an escrow for the exchange of shares for Ether (ETH) or various ERC20 tokens. Create a record on the blockchain of your important assets!
FRAXsset uses the blockchain to create an immutable record that shows a date of origin and ownership for an asset.
FRAXsset allows for record on the blockchain of your valuable assets such as software code, music, video, images, artwork, or real estate.
FRAXsset provides for the division of an asset into shares that represent a fractional ownership of the asset.
Allows the transfer of asset shares to another party. In addition, able to buy/sell shares with ETH or various ERC20 tokens through a quick escrow function.
The FRAXsset DApp is currently in Beta on the test network.
FRAXsset places a record of your asset on the blockchain for which you can fractionalize into "shares" that can be acquired and transfered. First, you create a title and description for your asset (e.g. software code, important document, music, video, image, art, real estate). Next, you create a share (fractional) representation of your asset. Next, you upload a digital representation of your asset or proof of the asset, which will subsequently be digitally hashed, creating something like a digital fingerprint of your asset. Utilizing your Ethereum account address, your asset (the digital hash) and other information will be used to create record on the blockchain. To verify the owner of an asset record, you merely input an EXACT duplicate of the digital asset and submit for confirmation. Given the power of the blockchain you have an immutable record of ownership for an asset at a given point in time. You are able to maintain and transfer fractional ownership of the asset to other parties, who in turn are able to transfer their ownership share if so desired.
Create a record of your asset and begin the process of tracking fractional ownership of your asset.
View the details of an asset and its share ownership, as well as verify an asset.
Transfer the ownership of your shares in an asset to another party.
Buy/Sell (transfer ownership) asset shares through the "quick" escrow function.
Create a record of your asset and begin the process of tracking fractional ownership of your asset.
View the details of an asset and its share ownership, as well as verify an asset.
Transfer the ownership of your shares in an asset to another party.
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