Asset tokenization in real estate through the means of token standards available on the ethereum blockchain

Proyecto de grado en el cual se investiga la tokenización de activos en la cadena de bloques de Ethereum y se hace un desarrollo en esta área frente a unas necesidades encontradas durante el proceso de investigación.

Autores:
Vallejo Seade, Pedro
Tipo de recurso:
Trabajo de grado de pregrado
Fecha de publicación:
2022
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/63522
Acceso en línea:
http://hdl.handle.net/1992/63522
Palabra clave:
Tokenization
Blockchain
Ethereum
Asset
Tokenización
Activo
Ingeniería
Rights
openAccess
License
Attribution-NoDerivatives 4.0 Internacional
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repository_id_str
dc.title.none.fl_str_mv Asset tokenization in real estate through the means of token standards available on the ethereum blockchain
dc.title.alternative.none.fl_str_mv Tokenización de activos de finca de raíz a través de estándares de tokens disponibles en la cadena de bloques de Ethereum
title Asset tokenization in real estate through the means of token standards available on the ethereum blockchain
spellingShingle Asset tokenization in real estate through the means of token standards available on the ethereum blockchain
Tokenization
Blockchain
Ethereum
Asset
Tokenización
Activo
Ingeniería
title_short Asset tokenization in real estate through the means of token standards available on the ethereum blockchain
title_full Asset tokenization in real estate through the means of token standards available on the ethereum blockchain
title_fullStr Asset tokenization in real estate through the means of token standards available on the ethereum blockchain
title_full_unstemmed Asset tokenization in real estate through the means of token standards available on the ethereum blockchain
title_sort Asset tokenization in real estate through the means of token standards available on the ethereum blockchain
dc.creator.fl_str_mv Vallejo Seade, Pedro
dc.contributor.advisor.none.fl_str_mv Correal Torres, Darío Ernesto
dc.contributor.author.none.fl_str_mv Vallejo Seade, Pedro
dc.subject.keyword.none.fl_str_mv Tokenization
Blockchain
Ethereum
Asset
Tokenización
Activo
topic Tokenization
Blockchain
Ethereum
Asset
Tokenización
Activo
Ingeniería
dc.subject.themes.es_CO.fl_str_mv Ingeniería
description Proyecto de grado en el cual se investiga la tokenización de activos en la cadena de bloques de Ethereum y se hace un desarrollo en esta área frente a unas necesidades encontradas durante el proceso de investigación.
publishDate 2022
dc.date.accessioned.none.fl_str_mv 2022-12-13T16:16:35Z
dc.date.available.none.fl_str_mv 2022-12-13T16:16:35Z
dc.date.issued.none.fl_str_mv 2022-12-11
dc.type.es_CO.fl_str_mv Trabajo de grado - Pregrado
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dc.relation.references.es_CO.fl_str_mv Argent. (s.f.). What is a mnemonic seed phrase / backup phrase. Retrieved from Argent.xyz: https://www.argent.xyz/what-is-a-mnemonic-seed-phrase-crypto/#:~:text=A%20mnemonic%20phrase%2C%20mnemonic%20seed,this%20isn't%20quite%20correct.
Becher, B. (29 de September de 2022). What Are Blockchain Nodes and How Do They Work? Obtenido de BuiltIn: https://builtin.com/blockchain/blockchain-node
Cryptopedia Staff. (28 de June de 2022). Digital Assets: Cryptocurrencies vs. Tokens. Retrieved from Gemini: https://www.gemini.com/cryptopedia/cryptocurrencies-vs-tokens-difference
Davis, J. (3 de October de 2011). The New Yorker. Obtenido de The Crypto-Currency: Bitcoind and its mysterious inventor: https://www.newyorker.com/magazine/2011/10/10/the-crypto-currency
Franco, P. (2014). Understanding Bitcoin: Cryptography, Engineering and Economics. New York: John Wiley & Sons.
Gerencie. (25 de November de 2021). Contrato de fiducia mercantíl. Retrieved from Gerencie.com: https://www.gerencie.com/fiducia-mercantil.html
Gupta, A., Rathod, J., Patel, D., Bothra, J., Shanbhag, S., & Bhalero, T. (2020). Tokenization of Real Estate Using Blockchain Technology. Lecture Notes in Computer Science (LNSC, volume 12418), 77-99.
Hancock, M., & Vaizey, E. (2016). Distributed Ledger Technology: beyond block chain. London: Government Office for Science (UK).
Houben, R., & Snyers, A. (2018). Cryptocurrencies and blockchain. Strasbourg: European Parliament.
HTTP access control - MDC. (27 de May de 2019). Retrieved from Developer.mozilla.org: https://web.archive.org/web/20100527153021/https://developer.mozilla.org/En/HTTP_access_control
Ivanotech. (16 de June de 2021). Infura Exmplained - What is Infura. Retrieved from Academy Moralis: https://academy.moralis.io/blog/infura-explained-what-is-infura
Keynes, J. M. (1930). Liquid Capital. En J. M. Keynes, A Treasite on Money (pág. 116). Cambridge: Cambridge University Press.
Kumar, S., Suresh, R., Liu, D., Kronfellner, B., & Kaul, A. (2022). Relevance of on-chain asset tokenization in 'crypto winter'. Boston: Boston Consolting Groud.
Lachtar, N., Elkhail, A. A., Bacha, A., & Malik, H. (2020). A Cross-Stack Approach Towards Defending Against Cryptojacking. Piscataway, New Jersey: IEEE.
Maldonado, J. (15 de September de 2022). Las principales compañías que venden inmuebles tokenizados en blockchain. Retrieved from Observatorio Blockchain: https://observatorioblockchain.com/tokenizacion/las-principales-companias-que-venden-inmuebles-tokenizados-en-blockchain/
Market Business News. (2021). What is fungible? Retrieved from MArket Business News: https://marketbusinessnews.com/financial-glossary/fungible-definition-meaning/
Narayanan, A., Bonneau, J., Felten, E., Miller, A., & Goldfeder, S. (2016). Bitcoin and cryptocurrency technologies: a comprehensive introduction. New Jersey : Princeton University Press.
Osorio, S. (2022). Introducción a tokens ethereum. Retrieved from Platzi: https://platzi.com/clases/2991-introduccion-tokens-ethereum/48568-que-es-un-token/
RealT. (2021). Who holds the deed to the house? Retrieved from RealT Wiki: https://wiki.realt.co/far/who-holds-the-deed-to-the-house
Szabo, N. (1994). Smart Contracts. retrieved from Phonetic Sciences, Amsterdam: https://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/smart.contracts.html
Tapscott, D., & Tapscott, A. (2016). Blockchain Revolution: How the Technology Behind Bitcoind is Changing Money, Business, and the World. New York: Penguin Random House LLC.
Tian, Y., Adriends, P., Minchin, R. E., Chang, C., Lu, Z., & Qi, C. (3 de May de 2021). Asset Tokenization: A blockchain Solution to Financing Infrastructure in Emerging Markets and Developing Economies. Obtenido de SSRN Papers: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3837703
Truffle-Box. (5 de February de 2017). React-Box. Retrieved from GitHub: https://github.com/truffle-box/react-box
Usman, C. W. (6 de January de 2021). SSRN Papers. Retrieved from The Double Spending Problem and Cryptocurrencies: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3090174
Vallejo Seade, P. (14 de November de 2022). Graduation Project pvallejo Repository. Retrieved from GitHub: https://github.com/UnfriendlyKoala/GraduationProject-pvallejo
Vance, A. (14 de November de 2013). Bloomberg. Retrieved from Bitcoin Mining Chips, a High-Tech Arms Race: Faster processors will give digital-currency miners an edge: https://www.bloomberg.com/news/articles/2013-11-14/2014-outlook-bitcoin-mining-chips-a-high-tech-arms-race
Yaga, D., Mell, P., Roby, N., & Scarfone, K. (2018). Blockchain Technology Overview. NISTIR 8202, 32-33.
Yip, J. (7 de June de 2022). A New Fractional Way To Own Artworks. Retrieved from Luxuo: https://www.luxuo.com/culture/art/a-new-fractional-way-to-own-artworks.html
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spelling Attribution-NoDerivatives 4.0 Internacionalhttp://creativecommons.org/licenses/by-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Correal Torres, Darío Ernestoac3764bf-1fb5-41b6-8077-87706d206b79600Vallejo Seade, Pedro5fc36f96-4081-4f7a-94b7-bf99c1f59fa66002022-12-13T16:16:35Z2022-12-13T16:16:35Z2022-12-11http://hdl.handle.net/1992/63522instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/Proyecto de grado en el cual se investiga la tokenización de activos en la cadena de bloques de Ethereum y se hace un desarrollo en esta área frente a unas necesidades encontradas durante el proceso de investigación.La mayor parte de la riqueza global se encuentra atrapada en activos líquidos, lo cual proporciona una gran barrera en el mundo actualmente presente en esta era digital donde trillones de transacciones son hechas cada segundo. La tecnología emergente de la cadena de bloques a mostrado tener el potencial de desbloquear la liquidez en una gran variedad de activos mediante un proceso llamado tokenización. Este proceso es ahora una industria creciente mientras que proyecciones indican que la mayoría de los activos serán tokenizados dentro de 10 años. La tokenización de activos es el proceso de crear un token en la cadena de bloques que represente la propiedad de un activo. Digital la representación de propiedad de un activo tiene una variedad de aspectos evidentes que indican como y porque la tokenización de activos ayuda con la liquidez, uno de estos aspectos es la transacción inmediata. Otra de estas propiedades de la tokenización que aumenta la liquidez de un activo es la posibilidad de fraccionamiento (dividir la propiedad en pequeños pedazos). La tokenización de activos antes de la cadena de bloques tenía una variedad de problemas de seguridad y transparencia que son resueltos por esta tecnología revolucionaria, y por esta razón no era realmente posible la tokenización de activos previamente. Pero ahora varios tipos de activos pueden ser tokenizados de manera segura, uno de los cuales es los activos de finca de raíz. La finca de raíz es notablemente una industria con bajos niveles de liquidez, pero esto está cambiando ahora por la tokenización de activos y muchos negocios están emergiendo en el mercado usando la tokenización como la base de sus modelos de negocio. Sin embargo, la mayoría de estas innovaciones no han mostrado el mismo impulso en países en desarrollo como se ha mostrado en países desarrollados por una variedad de razones y barreras de entrada.Most of the global wealth at the moment is currently trapped within non-liquid assets which posts an ever-greater barrier on the fast-paced world that exists on this digital era where trillions of transactions are being made each second. The emerging technology of blockchain has proven to have the potential to unlock the liquidity in a wide variety of assets, via a process called asset tokenization. This process is now a quickly growing industry as projections mark that the majority of assets will be tokenized within 10 years. Asset tokenization is the process of creating a token in a blockchain that represents the ownership of an asset. Digitalizing the representation of ownership of assets has a variety of aspects on the surface that indicate how and why asset tokenization helps with liquidity, one of these aspects being faster transaction times. Another property of tokenization that increases liquidity of an asset is the possibility of fractionization (breaking ownership into smaller pieces). The tokenization of assets before blockchain marked a variety of security and transparency problems that are solved by this revolutionary technology, and for that reason, before asset tokenization was not feasible. But now various types of assets can be safely tokenized, one of these being real estate assets. Real estate is notoriously an industry with low levels of liquidity, but now this is changing due to asset tokenization and lots of businesses in this market are emerging using asset tokenization as the basis of their business models. Most of these innovations have not seen the same momentum in developing countries as they have in developed countries due to a variety of reasons and barriers to entry. This project looks to mark a starting point to enable easy access to this ever-growing market to the population with a basic understanding of technology, focusing on Latin American countries and punctually on Colombia.Ingeniero de Sistemas y ComputaciónPregrado41 páginasapplication/pdfengUniversidad de los AndesIngeniería de Sistemas y ComputaciónFacultad de IngenieríaDepartamento de Ingeniería Sistemas y ComputaciónAsset tokenization in real estate through the means of token standards available on the ethereum blockchainTokenización de activos de finca de raíz a través de estándares de tokens disponibles en la cadena de bloques de EthereumTrabajo de grado - Pregradoinfo:eu-repo/semantics/bachelorThesisinfo:eu-repo/semantics/acceptedVersionhttp://purl.org/coar/resource_type/c_7a1fTexthttp://purl.org/redcol/resource_type/TPTokenizationBlockchainEthereumAssetTokenizaciónActivoIngenieríaArgent. (s.f.). What is a mnemonic seed phrase / backup phrase. Retrieved from Argent.xyz: https://www.argent.xyz/what-is-a-mnemonic-seed-phrase-crypto/#:~:text=A%20mnemonic%20phrase%2C%20mnemonic%20seed,this%20isn't%20quite%20correct.Becher, B. (29 de September de 2022). What Are Blockchain Nodes and How Do They Work? Obtenido de BuiltIn: https://builtin.com/blockchain/blockchain-nodeCryptopedia Staff. (28 de June de 2022). Digital Assets: Cryptocurrencies vs. Tokens. Retrieved from Gemini: https://www.gemini.com/cryptopedia/cryptocurrencies-vs-tokens-differenceDavis, J. (3 de October de 2011). The New Yorker. Obtenido de The Crypto-Currency: Bitcoind and its mysterious inventor: https://www.newyorker.com/magazine/2011/10/10/the-crypto-currencyFranco, P. (2014). Understanding Bitcoin: Cryptography, Engineering and Economics. New York: John Wiley & Sons.Gerencie. (25 de November de 2021). Contrato de fiducia mercantíl. Retrieved from Gerencie.com: https://www.gerencie.com/fiducia-mercantil.htmlGupta, A., Rathod, J., Patel, D., Bothra, J., Shanbhag, S., & Bhalero, T. (2020). Tokenization of Real Estate Using Blockchain Technology. Lecture Notes in Computer Science (LNSC, volume 12418), 77-99.Hancock, M., & Vaizey, E. (2016). Distributed Ledger Technology: beyond block chain. London: Government Office for Science (UK).Houben, R., & Snyers, A. (2018). Cryptocurrencies and blockchain. Strasbourg: European Parliament.HTTP access control - MDC. (27 de May de 2019). Retrieved from Developer.mozilla.org: https://web.archive.org/web/20100527153021/https://developer.mozilla.org/En/HTTP_access_controlIvanotech. (16 de June de 2021). Infura Exmplained - What is Infura. Retrieved from Academy Moralis: https://academy.moralis.io/blog/infura-explained-what-is-infuraKeynes, J. M. (1930). Liquid Capital. En J. M. Keynes, A Treasite on Money (pág. 116). Cambridge: Cambridge University Press.Kumar, S., Suresh, R., Liu, D., Kronfellner, B., & Kaul, A. (2022). Relevance of on-chain asset tokenization in 'crypto winter'. Boston: Boston Consolting Groud.Lachtar, N., Elkhail, A. A., Bacha, A., & Malik, H. (2020). A Cross-Stack Approach Towards Defending Against Cryptojacking. Piscataway, New Jersey: IEEE.Maldonado, J. (15 de September de 2022). Las principales compañías que venden inmuebles tokenizados en blockchain. Retrieved from Observatorio Blockchain: https://observatorioblockchain.com/tokenizacion/las-principales-companias-que-venden-inmuebles-tokenizados-en-blockchain/Market Business News. (2021). What is fungible? Retrieved from MArket Business News: https://marketbusinessnews.com/financial-glossary/fungible-definition-meaning/Narayanan, A., Bonneau, J., Felten, E., Miller, A., & Goldfeder, S. (2016). Bitcoin and cryptocurrency technologies: a comprehensive introduction. New Jersey : Princeton University Press.Osorio, S. (2022). Introducción a tokens ethereum. Retrieved from Platzi: https://platzi.com/clases/2991-introduccion-tokens-ethereum/48568-que-es-un-token/RealT. (2021). Who holds the deed to the house? Retrieved from RealT Wiki: https://wiki.realt.co/far/who-holds-the-deed-to-the-houseSzabo, N. (1994). Smart Contracts. retrieved from Phonetic Sciences, Amsterdam: https://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/smart.contracts.htmlTapscott, D., & Tapscott, A. (2016). Blockchain Revolution: How the Technology Behind Bitcoind is Changing Money, Business, and the World. New York: Penguin Random House LLC.Tian, Y., Adriends, P., Minchin, R. E., Chang, C., Lu, Z., & Qi, C. (3 de May de 2021). Asset Tokenization: A blockchain Solution to Financing Infrastructure in Emerging Markets and Developing Economies. Obtenido de SSRN Papers: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3837703Truffle-Box. (5 de February de 2017). React-Box. Retrieved from GitHub: https://github.com/truffle-box/react-boxUsman, C. W. (6 de January de 2021). SSRN Papers. Retrieved from The Double Spending Problem and Cryptocurrencies: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3090174Vallejo Seade, P. (14 de November de 2022). Graduation Project pvallejo Repository. Retrieved from GitHub: https://github.com/UnfriendlyKoala/GraduationProject-pvallejoVance, A. (14 de November de 2013). Bloomberg. Retrieved from Bitcoin Mining Chips, a High-Tech Arms Race: Faster processors will give digital-currency miners an edge: https://www.bloomberg.com/news/articles/2013-11-14/2014-outlook-bitcoin-mining-chips-a-high-tech-arms-raceYaga, D., Mell, P., Roby, N., & Scarfone, K. (2018). Blockchain Technology Overview. NISTIR 8202, 32-33.Yip, J. (7 de June de 2022). A New Fractional Way To Own Artworks. 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