CROWN's exploration of blockchain technology is focused on its private and public implementations and is developing NFT tokenization, an unprecedented opportunity for the company.

A token is a numerical representation of an underlying asset. It can be an intangible asset (a right, financial instrument, other crypto-active) or a physical asset (a property, a work of art). In the context of the blockchain, the tokens are governed by the protocol itself, or by "smart contracts" deployed by their owner, who is thus the issuer of the tokens. Issuing tokens on a blockchain, known as "tokenization" of assets, opens up many opportunities for companies.

From a technological point of view, tokens can be used for data and/or value transfers. Their use could reduce transaction costs and also shorten the time usually needed to complete the transaction. These are two significant benefits.

Take the example of a supply chain. De facto, it generates a whole arsenal of complex contracts between suppliers, manufacturers, retailers, etc., and the supply chain is a complex and complex process. When all the terms of a contract are not respected by one of the parties involved, a lengthy bureaucratic process is often required to resolve the dispute and possibly demand financial compensation.

With a "smart contract", the automatic transfer of value takes place if and only if all the conditions of the contract are met. In this way, each partner can avoid cumbersome and costly procedures in the event of a breach of their respective obligations.

CROWN can also strengthen financial inclusion.
Another opportunity arising from tokenization is to make the current financial ecosystem more accessible. We know, for example, that even today, in the Middle East and North Africa, 52% of men and only 35% of women have a bank account, and I am not even talking about certain South American states that need one. In the Philippines, rural banks are not connected to any electronic banking services, and they do not provide access to national and international money transfer networks.

However, a "stable corner", i.e. a so-called stable crypto-active, because immune to the volatility of its price and offering at all times parity with a legal short currency, could make it possible to develop an open and easily accessible payment network - thanks to a simple mobile phone - even in regions where banking and payment institutions are malfunctioning. Stable corners could also be used for interbank remittances by consolidating the execution of transactions on a single platform.

CROWN's deployed technology can make illiquid assets liquid because tokens can also be used to represent all or a fraction of a real-world entity (gold, oil, real estate, etc.).  

Indeed, tokenization allows to split traditionally illiquid assets into smaller and thus more liquid components, a valuable asset to boost the exchange of these assets. Some companies are also embarking on this adventure, for example IoT-IT and its sale of a tokenised house on the CROWN network.

Thus, by allowing the splitting of assets, tokenization could reinvigorate trade while reducing illiquidity premiums.