One of the major reasons for tokenization of an asset is the possibility to avoid fraud that me be present in the case of classic digitization. A good can be digitized but might also contain false information in its description. Often it is difficult for an asset owner to see the real information about cash flows even if there is no intention to hide them. BANKEX Proof-of-Asset Protocol provides the proof that an asset and its cash flows are authentic.
       As a reminder, this BANKEX White Paper uses examples only as informationally demonstrative of the potential uses of the Smart Deal technology. The business of BANKEX involves creating fintech products and tokenizing primarily financial assets, although we do not think it impossible to apply the Proof-of-Asset Protocol in other fields, with approval from the BANKEX Foundation in case of non-financial Smart Assets.
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