Risk Management

Risks of trading real world assets on the blockchain

Building a DApp on Ethereum for the trading of real-world assets on the blockchain has many risks. Weset highly prioritizes security, its one of our main tenets and an underpinning reason Weset conducts transactions on Ethereum. Weset is capable of securely:

• Transferring digital assets: Weset is able to move assets or NFTs from one account or wallet to another, whether between individuals or entities. This is achieved through smart contracts that get executed when certain conditions are met.

• Safeguarding, holding, or managing digital assets: Weset has robust security measures to protect the digital assets of its users. We only deploy audited smart-contracts. For your own assets we recommend the use of hardware wallets or multi-signature mechanisms. Weset uses a Gnosis Safe to store and protect assets the company owns.

• Facilitating peer-to-peer trading: The DApp should feature an interface that allows users to easily buy, sell, or trade digital assets.

As long as healthy digital habits are practiced blockchain networks such as Ethereum, are one of the safest ways to conduct transactions on the internet along with the added benefit of being decentralized.