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.