Blockchain Revolution in Asset Management: A Comprehensive Analysis and Implementation Framework

Blockchain Revolution in Asset Management: A Comprehensive Analysis and Implementation Framework

VIMAL AWASTHI1, HIMANSHU CHAUDHARY2, KOMAL3, KAJAL TIWARI4, ISHA5

1,2,3,4,5 Department of Computer Science & Engineering, Axis Institute of Technology & Management

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Abstract - A project that presents the harnesses blockchain technology to develop a Token Asset Management System (TAMS) aimed at revolutionizing conventional asset management practices. TAMS leverages the decentralized and transparent nature of blockchain to create digital tokens representing ownership or rights to various assets. These tokens enable fractional ownership, streamlined trading, and automated execution of smart contracts for dividends and voting. The project's primary objectives are to enhance efficiency, security, and transparency in asset management. By digitizing assets and recording transactions on an immutable ledger, TAMS reduces the need for intermediaries, minimizes administrative costs, and ensures auditability. Smart contracts automate key processes, improving accuracy and trust among participants.

The project's implementation involves selecting an appropriate blockchain platform, designing token standards, creating an intuitive user interface, and adhering to regulatory requirements. The potential challenges of scalability and legal compliance are also considered. In summary, the Token Asset Management project exemplifies blockchain's potential to transform asset management. Through tokenization and blockchain's features, TAMS aims to establish a modernized ecosystem that offers efficient, secure, and transparent asset management solutions.