Token platform for basing assets

In current economic situation in the country, high amounts of assets, in the form of gold including coins other kinds, are preserved by individuals and are not involved in money flow in the country. If it be possible to involve this assets in the money flow in the country, it will really help the dynamics of the economy. Despite many advantages that using gold has in routine deals, for various reasons, it is not possible to use it in large scale. Some of these reasons include the following:

[icon name=”arrow-circle-right” class=”” unprefixed_class=””]   Lack of the possibility of changing gold coins

[icon name=”arrow-circle-right” class=”” unprefixed_class=””]   Problems and dangers caused by transporting gold

[icon name=”arrow-circle-right” class=”” unprefixed_class=””]   The possibility of fraud in gold

[icon name=”arrow-circle-right” class=”” unprefixed_class=””]   Rapid fluctuations in gold price and the impossibility of rapid conversion rates

These problems have caused that despite the many advantages that using gold makes in deals, for example like lack of currency depreciation during inflation or the possibility of globalization, people are not that much interested to use it.

One way to involve the gold in the money flows in the country is to use tokens with gold support and to use it in the financial and monetary flow. So that we can transform these tokens from one person to other, it has the capability to be divided to smaller parts and it be always worth equal to a constant amount of gold.

Operational plan for implementing the above idea is to use the capacity in the block chain so that each person could bring his gold to the bank and after depositing the bank gives the person tokens that are equivalent of that much gold and the person could transform those tokens to anybody whenever and wherever he wants and if he wants to transform it to the bank, he could receive gold as many tokens as delivered. The purpose of implementing this plan on the structure of chain block is to prevent issuing tokens that do not have any supports so that distributing tokens in above system is only at the disposal of the bank and the distribution can be done only after doing a consensus process among banks and ensuring backups. In that way, a certain percentage of the decision-maker components of the network should participate in the consensus process and, if a certain amount of gold is saved, they agree on the same amount of tokens.

Creating this infrastructure using the chain block technology will cause transparency and prevent corruption. In order to prevent creating grounds for doing criminal acts using these tokens, we can use private chain blocks and make individual authentication necessary to enter the system.