PLATFORM AND METHOD FOR TOKENIZATION OF PRECIOUS PHYSICAL ASSETS
A system, method, device, and data platform for tokenization of a precious physical, virtual, and data assets utilizing tokens. Information and asset price or variable cost or price ranges regarding the precious physical asset is determined. The precious physical asset is associated with one or more tokens. The one or more tokens represent ownership of the precious physical asset.
1 . A method for tokenization of a precious physical asset by a data platform, comprising:
determining information regarding the precious physical asset;
associating the precious physical asset with one or more tokens, wherein the one or more tokens represent ownership of the precious physical asset;
communicating availability of the one or more tokens associated with the precious physical asset;
implementing transactions for the one or more tokens; and
distributing monies paid during the transactions for the one or more tokens associated with the precious physical asset.
2 . The method of claim 1 , further comprising:
receiving the precious physical asset or control of the precious physical asset.
3 . The method of claim 1 , wherein the precious physical asset is precious metal, gem, crop, hydrocarbon, or water.
4 . The method of claim 1 , wherein the precious physical asset is known and is unmined.
5 . The method of claim 1 , wherein the one or more tokens represent blockchain tokens.
6 . The method of claim 1 , wherein the information includes at least a quantity and quality of the precious physical asset.
7 . The method of claim 1 , wherein the precious physical asset is securely stored at a physical location, and wherein the precious physical asset is associated with the one or more tokens utilizing a smart contract.
8 . The method of claim 1 , wherein the one or more tokens are associated with the precious physical asset utilizing an identifier on the precious physical asset.
9 . The method of claim 1 , further comprising:
generating the one or more tokens utilizing the information associated with the precious physical asset utilizing a data platform.
10 . The method of claim 1 , wherein the monies are enabled to represent currency or cryptocurrency.
11 . A system for managing a precious physical asset utilizing one or more tokens, comprising:
a plurality of electronic devices executing a data application, the data application is configured to communicate information regarding the precious physical asset;
a repository storing the precious physical assets;
a data platform accessible by the plurality of electronic devices executing the data application through one or more networks, wherein the data platform determines information regarding the precious physical asset, associates the precious physical asset with one or more tokens, communicates availability of the one or more tokens associated with the precious physical asset, implements transactions for the one or more tokens, and distributes monies paid during the transactions for the one or more tokens associated with the precious physical asset, wherein the one or more tokens represent ownership of the precious physical asset.
12 . The system of claim 11 , wherein the data platform receives the precious physical asset at a repository.
13 . The system of claim 11 , wherein the information includes at least a quantity and quality of the precious physical asset, wherein the one or more tokens represent blockchain tokens.
14 . The system of claim 11 , wherein a physical identifier of the precious physical asset is associated with the information.
15 . The system of claim 11 , wherein a smart contract controls transactions for the precious physical asset utilizing the one or more tokens, wherein the monies represent currency
16 . A data platform, comprising:
a processor for executing a set of instructions;
a memory for storing the set of instructions, wherein the set of instructions are executed to:
determine information regarding the precious physical asset;
associate the precious physical asset with one or more tokens, wherein the one or more tokens represent ownership of the precious physical asset;
communicate availability of the one or more tokens associated with the precious physical asset;
implement transactions for the one or more tokens; and
distribute monies paid during the transactions for the one or more tokens associated with the precious physical asset.
17 . The data platform of claim 16 , wherein the set of instructions are further executed to:
receive the precious physical asset at a repository for management by an owner of the one or more tokens.
18 . The data platform of claim 16 , wherein the information includes a quantity and quality of the precious physical asset, and wherein the one or more tokens represent blockchain tokens.
19 . The data platform of claim 16 , wherein the one or more tokens represent blockchain tokens, and wherein the indicator is an encrypted hash.
20 . The data platform of claim 16 , wherein the precious physical asset is owned by a plurality of owners who own the one or more tokens.