Tokenization is the process of creating a virtual token by means of smart contract on the blockchain to represent ownership of an substance including asset, equity, funds, and projects.

IoT, internet of things, applications allow smart sensors which brings the data from physical world into the Internet.

In today’s world, assets are increasingly digital. As a result, escrow mechanisms are flourising to both protect digital assets and provide a secure way for potential beneficiaries of such assets to access them.

DeFi is referred to as financial applications built on blockchain technologies, typically using smart contracts.