Infrastructure

Why Blockchain?

Luxit is a decentralized platform powered by blockchain technology. Luxit tokenize assets by registering asset information in the blockchain with the goal of managing and tracking ownership. This Ownership is represented via tokens. Each asset has a determined amount of tokens depending on how much the value has been fractionalized and they are emitted and handed to the corresponding owners during the tokenization process.

Blockchain technology is typically used to tokenize assets as it provides a solid and secure infrastructure for building the tokenization process. Blockchain immutability and traceability are perfect for asset management and ownership verification. Smart Contracts are extremely suitable building blocks in order to build a powerful infrastructure.

Although blockchain is pretty important in Luxit ´s design a hybrid application must be built combining decentralized services using smart contracts together with traditional server functionality.