Blockchain Applications and Tokenization
Asset-tokenization is the one-to-one mapping between physical assets or digital assets and the digital certificates generated by blockchain. Examples of assets include commercial buildings, hotels, houses, stocks and financial securities, digital collectables, intellectual property and works of art and this list is by no means exhaustive. If you are a resort developer contemplating a blockchain-based…
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Dev Team
Blockchain Technology and Real Estate
“Blockchain” is most frequently heard these days within the “FinTech” and “PropTech” environments along with terms such as “Distributed Ledger Technology”, “Smart Contracts”, “Tokens”, “Wallets” plus language to describe the myriad types of Ledgers found within the Blockchain environment. As can be expected with any new technology, industry-specific nomenclature has evolved quite rapidly to describe…
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Dev Team
Blockchain Implications on the Shared Ownership of Real Estate
The foundations of the Sharing Economy The term ‘Sharing Economy’ has grown to become an umbrella term for a wide range of non-ownership forms of consumption activities such as swapping, trading, renting and exchanging. The Sharing Economy is typically defined by two key elements. Firstly, an online platform which connects buyers with sellers or a…
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Dev Team
Accounting fraud takes a new dimension in China
China’s biggest accounting firm Ruihua CPA’s is being investigated by the China Securities Regulatory Commission (CSRC) after one of its clients was found to have infested its profits by RMB 12billion ( US$1.74billion)over four years! This is not the first time Ruihua was investigated 3 years ago they were barred from handling any IPO work…
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Paul Wan, FCA
Case Study: Thomas Cook plc, A lesson to be learned
The oldest Travel Agent 178 years collapsed and went into administration in the UK on 23rd September 2019. It was founded in 1841 in Leicestershire by Thomas Cook a cabinet-maker. Prior to the collapse, it’s revenue was £9bn, it had 19 million customers, 22,000 staff in 16 countries. What happened? Thomas Cook which is German-owned…
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