How to Tokenize a asset on AEternity blockchain for supply chain

AEternity blockchain is an Erlang-based scalable smart contract platform engineered by programming pioneers to address some of the most fundamental challenges native to earlier blockchains. By redesigning blockchain technology at the protocol level, the æternity developer community has enabled the core protocol to understand and integrate a rich set of functionalities out of the box.

AEternity improves scalability and makes the executions of smart contracts safe and efficient and provides transparent governance. It’s decentralized consensus approach is being developed taking into account cost-effectiveness.

It supports hybrid proof of work(POW) and proof of stake(POS) and also supports side chains.

Most developers have the challenge of scalability that is the most technical challenge that all blockchain face. Aeternity is a new improved version of Ethereum that resolves the scalability problem using transactions to take place off-chain. Aeternity is unique from others that improves many areas of blockchain technology, Few pointers are mentioned below that make aeternity is standing out from others.

Asset tokenization refers to the process of issuing a unique token that represents the real world asset(Real Estate) or virtual asset (music) .

QuillTrace is a blockchain based, decentralized supply chain management system based on smart contracts. Currently we have integrated aeternity blockchain into our platform .

Fig : Production process onto digital tokens using smart contracts in an example supply chain

The Non-fungible tokens are not instantly swapable on-to-one. They represent non-equal units of the same sorts and implement to allow unique tokens to be managed, owned, and traded.

Here is an example with implementation of the aeternity non fungible token standard.

One reason that makes AEternity unique from other similar projects is that the Consensus, state channels, naming systems, smart contracts, specialized governance, and oracles are some of the things that separate AEternity from congestion. Aeternity offers a complete set of smart contract ecosystems, each optimized for specific use cases.

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