As the world of blockchain continues to evolve, innovative applications and new kinds of collaboration are “emerging to tackle various challenges.”
Frac, a platform in the high-value fractional asset trading market, has adopted vechain’s propriety technologies “to increase security and add immutable authentication to their platform.”
Frac fractionalizes premium real-world assets “such as whisky and wines, precious gems, luxury car and other alternative investments by first minting them as NFTs, then creating fungible units of each asset which can be traded freely on Frac’s Decentralised trading platform.”
Vechain’s solutions “enhance the security of Frac’s platform through the incorporation of NFC chips that validate the authenticity of the products being traded.”
Frac, based on the Solana blockchain, “validates GPS data and ensure asset location information using the Helium protocol.”
Together, vechain and Helium are “combining forces to create a comprehensive solution that ensures trust in the fractional asset trading market.”
One of the core issues of fractional assets trading is “ensuring the authenticity of the underlying assets.”
With vechain-powered NFC chips, Frac can “demonstrate the legitimacy of the fractions being traded through ‘phygitalization’ and creating digital twins of high-value physical assets.”
By registering these assets on the blockchain, Frac establishes “an immutable record of their authenticity and proof of existence.” This ensures confidence that “the assets being traded exist, mitigating trust issues associated with fractional ownership.”
Vechain’s anti-tamper capabilities play “a crucial role in ensuring the integrity of the assets on Frac’s platform.”
These proprietary NFC chips “employ cutting-edge capabilities to monitor and track asset conditions in real time.”
By integrating these devices into the trading process, Frac can “provide live streams of assets, assuring traders that the assets have not been tampered with or compromised, instilling trust in the trading process and mitigating the risk of fraudulent activity.”
Frac goes “a step further by utilizing an IoT/GPS livestream dashboard powered by Helium.”
The dashboard provides traders “with real-time access to the location data of the assets being traded.” Through the decentralized Helium network, Frac “ensures GPS data transmitted from the asset is not manipulated or falsified.”
The combination of Helium’s and Vechain’s infrastructure “creates security and trust in information, allowing traders to independently validate the location and authenticity of assets before engaging in fractional trading.”
Frac’s use of vechain’s technologies “in combination with Helium’s platform showcase a forward-thinking approach trust issues in fractional asset trading.”
As noted in the update:
“We expect many more of these symbiotic relationships to arise in the years ahead as blockchain networks leverage each other’s unique attributes in the pursuit of delivering robust, transparent global digital infrastructure. The combination of these blockchains offers a secure and transparent trading environment, fostering trust and confidence among participants. As the global fractional asset trading market evolves, collaborations like these will play a crucial role in establishing trust and credibility.”