What is IDA Chain?

IDA Chain is the newest asset digitization platform built using Matrix AI Network’s underlying technology. IDA aims to build a platform that allows the digitization of the real economy, hence allowing for the connectivity and circulation of digital assets, an ecosystem that allows the exchange of all qualified real assets.

Asset Tokenisation on IDA Chain

IDA represents assets on their blockchain by a unique, unambiguous digital identifier — a ‘token’ — which can easily be made into a transferable smart asset. This allow IDA to offer much more possibilities other than just asset record keeping.

On IDA it is possible for tokens to represent anything that has been, and could be, considered a resource or asset. IDA Chain will be designed to handle traditional, physical assets, especially high value illiquid physical assets like real estate, precious stones, natural resources etc.

This provides great advantages, once an asset is tokenized on IDA Chain, it has an immutable digital record, one that can include where it came from and every single time it has changed hands. Having such an unbroken chain of origination and custody makes these assets easy to account for and validate. It is also possible to add metadata to it. This can be descriptions, images, video, insurance policies, almost anything of relevance. This makes the system not only transactional, but also a highly secure and informative network.

IOT technology will also be used to develop data tracking capabilities, partnering with Matrix AI Network, they will design resource management capabilities for the most extreme environmental conditions. Matrix will also be creating a digital supplier ecosystem. The ecosystem will support a network of value-added manufacturing services.

Digitizing Timber in Laos

Laos is one country that will be making use IDA Chain’s capabilities, with its mountainous and rugged terrain, it will benefit greatly from efficient resource management capabilities.

Derun (Laos) Investment Trade Limited Corporation (Derun Laos), a company founded to support projects in the Bolikhamxay Province, as part of Laos’s Renewable Energy Development Strategy, Derun Laos acquired the logging and processing rights for 9,400 hectares of timber which will be cleared to develop a reservoir flood basin for the Nam Theun №1 Hydroelectric Dam.

These assets are to be tokenised onto IDA Chain, with the minting of 10 billion Material Resource Tokens(MRT) tokens which have already been issued against the rights to these 9,400 hectares of timber, with a 100% yield valuation of $440,781,000 USD.

IDA Chain will increase the transparency, tracking management, utilisation, and value creation of the timber project, through a custom application combining blockchain, AI, and IoT technologies that will be specifically optimized for the unique industry and site-specific challenges of the environment.

In addition to the tokenisation of Derun Laos’ timber resources, IDA is also working with herbal resource suppliers for the tokenisation of assets within the global Traditional Chinese Medicine consumption.