L1X Foundation
  • Getting Started
    • L1X Overview
      • Mission and Vision
      • Why Layer One X?
      • L1X Coin
      • Infrastructure Essentials
    • Glossary
    • Quick Links
      • Foundation Website
      • WhitePaper
      • Social Media Links
      • Blog
      • Others
  • Ecosystem
    • Multifunction Utility
    • Products
    • Partnerships
      • L1DEX - Decentralised Exchange
      • DigaLabs
      • Omchain
      • Healthlink
      • L1X_Labs
      • UWA
      • Prysm Group
      • Hype Talent
  • L1X Technology Explained
    • Abstract
    • Introduction
    • Scalability and Interoperability Limitations of Existing Blockchain Networks
    • L1X Network
      • Design Principles
      • Prominent Features
      • L1X Benefits
    • Mobile Nodes
    • L1X Architecture
      • Components
      • Consensus Mechanism
    • L1X Transaction Lifecycle
    • X-Talk
      • X-Talk Architecture
      • Use Case: Advertise BSC NFT Sale in OpenSea Ethereum Marketplace
      • X-Talk Workflow
      • Benefits
    • Virtual Machine
    • L1X Time Units
    • Validator Nodes
      • Validator LifeSPAN
      • Validator Lifespan Algorithm
      • Validator Selection
      • Validator Selection Algorithm
      • Vigilant Nodes
      • Radix Nodes
      • Cluster Assignment
      • Lexicon
    • L1X Reward Mechanism
      • Friction on the Network
      • Consensus Mechanism and Incentive Scheme
      • Resource Costing Model
      • Token Distribution and Pricing Strategy
      • Consensus Mechanism and Token Pricing with Respect to Token Inflation
      • Token Participant Distribution and Pricing
      • Ongoing Distribution Rules, Governance, and Token Pricing
      • Layer Two Tokenomics Vs Layer One Tokenomics
      • L1X Coins
    • Tokenomics
    • L1X Applications
      • Staking
      • Exchange
      • Ledger Tokenization
      • Micropayment Transactions
      • Micro Trading
      • Gaming
      • Metaverse
    • L1X Components - Example Use-Cases
      • L1X Fungible Token Smart Contract
      • L1X Non-Fungible Token Smart Contract
      • X-Talk Token Swap
      • X-Talk Token Staking
      • X-Talk Fungible Token Lending and Borrowing
      • X-Talk NFT Liquidity Provision
      • X-Talk NFT Leasing Provision
      • Health Smart Contract
      • L1X Wallet SDK
    • Conclusion
  • L1X Tokenomics
  • Node Hosting on L1X
    • Node Architecture & Consensus Mechanism
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  1. L1X Technology Explained
  2. L1X Applications

Ledger Tokenization

With the advocation of Decentralized Ledger systems and its access to be able to securely store confidential information and share it amongst third parties with a commercial standpoint, it is imperative to establish a standardized ledger tokenization system. L1X provides the same use case in Intellectual Property (IP) and its functionality such as: (i) tokenizing information and agreements through smart contracts, (ii) proof of ownership and version control, and (iii) unifying the IP system.

Regarding IP ownership rights and sharing the rights with other parties, the modules or the rights to use certain parts of it can be tokenized using L1X smart contracts. This will allow for the information to be shared securely with resource and time factors attached to it. The tokenization process can be applied to the complete spectrum of parties such as suppliers, distributors and manufacturers that will permit data tokenization and commercialization.

IP ownership can be securely communicated into a hash table with its version control. The different versions can be linked allowing for the data to be sharded and stored securely on the nodes on the blockchain. L1X will provide a use case for IP tokenization with a different version control system that will allow the data to be hashed and shared with security measures. A confidential ledger is maintained and shared with parties on custom terms and conditions allowing for trading on the marketplace.

With the interoperable nature of the LayerOne.I technology, it is possible to tokenize the data and store it in a single ledger to unify the system of sharing and accessing IP systems.

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Last updated 1 year ago