Asset On-Chain Process (Registration and Ownership Verification)
1.User Submits Asset Information:
The user provides asset documents such as property certificates, equity certificates, and valuation reports.
The information is uploaded to a certification cooperation node, such as evaluation companies or property rights centers.
2.DID (Decentralized Identity) Authentication:
The user’s address is bound to a unique DID identity, and a KYC (Know Your Customer) process is completed.
3.Multi-Party Signature Authentication:
At least three authentication nodes (ownership verifiers, evaluators, and regulatory nodes) must sign off on the asset’s authenticity.
4.On-Chain Asset Certificate Generation:
The smart contract generates an RWA Token (can be ERC20 or ERC721).
The token contains metadata such as asset ID, location, valuation, and status.
5.Asset Status On-Chain:
The asset’s status (whether it is tradable, frozen, or pledged) is updated and recorded on the blockchain.
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