Benn Godenzi on How EdenChain Supports the Defi Industry

In today’s world, people can tokenize nearly anything on the blockchain. Unfortunately, up until now, there hasn’t been an ideal solution for creating and storing these tokenized assets in a single, virtual environment. EdenChain aims to make it easier to tokenize tangible and intangible assets on a single blockchain using end-to-end security.

What is EdenChain?

EdenChain aims to give users an easy way to create digital assets that represent physical assets, such as real estate and commodities, or intangible assets like labor. Users can trade the native EdenChain token, EDN, for tokens that other users create using the EdenChain platform. The EdenChain platform uses smart contracts to eliminate the need for intermediaries, thus eliminating some of the fees people would typically pay when trading.

Is EdenChain safe?

Unlike Bitcoin and Ethereum, Eden is relatively safe from hacker attacks thanks to its

E-Bridge layer that retrieves data from multiple data sources. Eden encrypts all data shared when trading and utilizes a Median Voter Theorem that aids against attacks from hackers. Additionally, EdenChain uses a proxy system to provide added security when trading and a manifold security feature that hides credential information from insiders.

In 2018, Benn Godenzi joined the EdenChain project as an advisor. Godenzi has a  proven track record of success in the cryptocurrency market. He co-founded the Blockchain Interoperability Alliance, he has helped countless cryptocurrency projects with their ICOs and marketing, and he has worked with cryptocurrency since 2010. With Godenzi on board, EdenChain now has more networking and knowledge-sharing opportunities than it did initially.

Tokenizing assets on EdenChain

To tokenize an asset is to convert a specific type of asset into a blockchain-based token. Using EdenChain, individuals can tokenize nearly anything and sell it on the MoA platform. MoA is a decentralized finance platform owned by EdenChain that offers the same security features as EdenChain. Thanks to Benn Godenzi and the EdenChain team, people can tokenize real-world assets easier than ever before.

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What can you tokenize on EdenChain?

●     Real estate - Tokenizing a real estate asset is similar to creating an NFT, except the token represents partial or full ownership of a real-world real estate asset.

●     Energy - Tokenized energy assets give investors an easy way to invest in clean energy sources worldwide.

●     Gaming assets - Gaming assets are already being minted as NFTs on numerous other blockchains. Still, EdenChain offers added security compared to many blockchains.

●     Reputation - Tokenizing reputation is a unique use case in which a person creates a digital asset that effectively assigns value to their personal reputation.

●     Credit card points - Credit card points are already a token of sorts, but tokenizing them on the blockchain can give users added peace of mind, since they’re protected with top-notch digital encryption.