Digital Asset Minting

The FTT platform leverages innovative blockchain technology and smart contracts to bind traditional legal contracts with digital assets, achieving the digitization and tokenization of goods ownership. This process not only ensures the transparency and security of transactions but also provides a convenient way for asset circulation. Through the platform's automated minting functionality, customers can transform their goods ownership into blockchain-based digital tokens, completing the asset digitization process, and facilitating asset circulation and trading on the FTT platform.

Below is the technical solution and implementation process for digital asset minting:

1. Legal Contract Binding and Tokenization

• Legal Contract Digitization: The ownership of the customer's goods is first established through a legal contract. During this process, the platform collaborates with compliant third parties to ensure that all contract content adheres to national and international laws and regulations.

• Compliant Invitation Mechanism: After the contract is confirmed, the FTT platform uses compliant invitation methods (such as electronic signatures and compliance verification) to ensure the customer agrees to the contract terms and accepts the digitization of the goods ownership. All contract content, rights, and responsibilities will be bound to the blockchain token.

2. Goods Ownership Tokenization

• The ownership information of the customer's goods will be converted into a digital token through a smart contract. This token represents the ownership of the goods and contains detailed asset information (such as product description, quantity, specifications, etc.).

• The platform uses standards such as ERC-721 (non-fungible token), ERC-1155 (multi-asset token), or ERC-20 (fungible token), depending on the client's needs, to mint the asset:

  • ERC-721: Suitable for single and unique assets, such as ownership of a specific piece of goods.

  • ERC-1155: Supports multiple asset types, allowing the management of multiple goods ownership at once, suitable for bulk products.

  • ERC-20: Suitable for fungible commodities with standardized tokenization.

3. Automated Digital Asset Minting

• After the legal contract binding, the FTT platform uses smart contracts to automate the asset minting process. The smart contract automatically generates blockchain tokens and records the asset's detailed information, including the type, quantity, owner, transfer conditions, etc.

• The minting process is fully automated, meaning the client does not have to perform any manual operations. The platform automatically executes the minting operation based on the contract and asset information provided by the client, ensuring the efficiency and accuracy of the minting process.

4. Digital Asset Listing and Trading

• Once minted, the digital assets (goods ownership tokens) are automatically listed on the FTT platform, where clients can view, manage, and trade these assets.

• The platform allows users to exchange and trade digital assets with other users, providing a decentralized asset circulation environment.

• Through smart contracts, all transactions can be executed automatically, ensuring transaction security and compliance. The platform also provides transparent records of smart contract executions to ensure the immutability and traceability of each transaction.