The iov42 platform allows for the modeling of virtually any asset that can be represented in a digital form. Unlike some other platforms, the way in which assets are defined on the platform is not tied to any underlying network asset, such as Ether for the Ethereum network, for example.
Asset Types on the Platform
The iov42 platform allows the custom definition of asset types. Once an asset type has been defined, instances or quantities of that asset type can be created.
The iov42 platform recognizes two main asset types: Quantifiable and Unique assets.
As the name suggests, quantifiable assets can be quantified, i.e. they involve a quantity that can be owned. Each instance of a quantifiable asset is the same and there is no way to distinguish between them. An example would be fiat currencies—the money you have.