Provenance Blockchain provides the foundation to build marketplaces and exchanges for buyers and sellers of digital assets such as:
- Real estate
- Insurance policies
- Stocks
- Loans
- Alternative assets (art, commodities, etc.)
Thanks to Asset Manager, Marketplace, DART, and Data Room features, each of these unique assets can be securely, legally optimized for further utility on Provenance Blockchain’s native chain.
Provenance Blockchain facilitates the establishment of an ecosystem that garners participation amongst financial functions including asset originators, fund managers, servicers, banks, and investors.
Provenance Blockchain is a public proof-of-stake blockchain that reduces unnecessary computational waste that encumbers proof-of-work blockchains in use today.
While Provenance Blockchain facilitates the establishment of an ecosystem that has garnered participation across all areas of finance including, but not limited to, asset originators, fund managers, servicers, and banks, Provenance Blockchain is openly extensible for developers to build innovative applications that address new use cases.
Provenance Blockchain is composed of three core concepts:
- Modules that implement financial services business logic. Modules are composed to understand complex financial services processes.
- A smart contracting engine to develop and deploy contracts directly to the Provenance Blockchain.
- Off-chain client-side agreements using the Contract Execution Environment.
Each of these core concepts has its own set of strengths allowing complete control of the consumer's private data.
Provenance Blockchain provides the foundation to build marketplaces and exchanges for buyers and sellers of digital assets.
Enabling Marketplaces
Provenance Blockchain makes it possible to create marketplaces for buying and selling digital assets without relying on third-party intermediaries. These marketplaces provide transparency and liquidity, and allow for new kinds of financial engineering and business opportunities.
Think of a marketplace as a digital town square where different stores sell different products. Each store represents a digital asset that can be bought and sold, like stocks or bonds. Some stores may require accreditation before you can enter and transact, to ensure compliance with regulations like KYC/AML.
Provenance Blockchain provides the underlying technology to power these marketplaces. For instance, the blockchain's support for loans, loan participation, private funds, and securities can be leveraged to offer new products to investors. With Provenance Blockchain, buyers and sellers can trade with each other in a bilateral fashion, without counterparty or settlement risk.
Provenance Blockchain enables marketplaces that offer unprecedented access, ease, and transparency to buyers and sellers of digital assets.