Crypto’s Impact on Business Model Innovation
Published on July 14, 2018
Author : Greg Hauw, Founder and CEO, Ohanae

Ohanae Asset Tokenization Platform and Ohana Coin offer potential solutions innovating business processes through asset tokenization, bringing about change on an institutional level that will redefine how businesses, governments, and societies interact. Ohanae guarantees that the ownership information is immutable, addressing cross-border and regulatory obstacles.

Powering the Web 3.0 era of decentralized, connective intelligence

Ohanae is extending the power of blockchain to every business process, every app, and every human being with self-sovereign identity. The Ohana Blockchain Architecture Stack defines the building blocks needed to drive the next generation of enterprise Ethereum applications, known as smart contracts, that like the Internet will work anywhere without intermediaries. 

The Tokenized Economy begins with a Stablecoin

Ohanae is introducing two cryptographic tokens, named Ohana Coin and Ohana Blockchain Credits. The cost to use the Ohana Blockchain is based on usage. To use the Ohana Blokchain, Ohana Coins must be converted to Ohana Blockchain Credits. Ohana Blockchain Credits are then used to make entries into the Ohana Blockchain. Once an Ohana Coin is used, the right is gone. The right to write into the Ohana Blockchain is generated by validators running it, and this right is ended by those using the Ohana Blockchain. The idea is to align incentives so that validators that run the Ohana Blockchain are rewarded if and only if the protocol is valuable.

Asset Tokenization to comply with Security Laws in every Jurisdictions

Fractional ownership, a key consequence of asset tokenization, is part of a larger movement worldwide to transfer all kinds of records onto blockchain — a secure, decentralized way to register and store online payments and transactions through smart contracts. Assets, such as bonds, real estate, stocks etc., can be represented digitally with cryptographic tokens.

Asset tokenization and Ohana Coin are intertwined – asset tokenization first occurs on top of the Ohana Blockchain and Ohana Coin for settelements, for example, dividends or lease payments can be paid out in Ohana Coins driving demand for Ohana Coins.

However, we must be mindful of the different regulations participants must follow, such as Know Your Customer (KYC), Anti Money Laundering (AML), and Accredited Investor verification. We can do so by utilizing smart contracts to check and respond to the permissions of every person who attempts to use them in a transaction. If a user who does not meet the proper compliance level attempts to buy a token, the relevant smart contract will compare their permission level against an internal database, and instantly restrict their account from completing the purchase.

Asset Tokenization's Future Potential

With hundreds of trillions of dollars in private assets that can be tokenized, the value that can be unlocked via tokenization over the next decade is in the tens of trillions of dollars. The growing adoption of asset tokenization is fascinating to watch – its potential impact on businesses, governments, and societies will continue to scale with each development. As the world’s assets become increasingly liquid, the concept of ownership will evolve in ways we cannot yet imagine.