CRC-0323 Native RWAs

The CRC-0323 standard on Circular is specifically crafted for the straightforward tokenization of real-world assets (RWAs), eliminating the necessity for intricate functionalities and smart contracts (SCs) for basic transactions. Circular's goal is to integrate essential functionalities directly into the system.

Differing from the CRC-0123 standard, tokens within the CRC-0323 framework are required to have a URL linking directly to the legal documentation, thereby establishing a definitive connection between the digital token and its physical counterpart. This documentation plays a crucial role in confirming ownership and authenticity of the RWA.

Apart from this legal connection, CRC-0323 tokens bear many resemblances to other token standards on Circular. Nonetheless, for specialized operations that surpass the built-in capabilities, developers will need to resort to smart contracts. Below is an example of a typical RWA token's digital file.

{
      "Blockchain" : "8a20baa40c45dc5055aeb26197c203e576ef389d9acb171bd62da11dc5ad72b2",
      "Address" : "e2e86db8f44ceae4750a2a055b38cb3ae326bc1c282f09e7c0cc1f585984bdf2",
      "Name" : "House",
      "Symbol" : "",
      "Type" : "CRC_TOKEN_0323",
      
      "Amount" : 1000.0,
      "Price" : 10000.0,
      "Royalties" : 0.10000000000000001,
      "EnableSwap" : 0,
      
      "URL" : "https://.../Deeds.pdf",
      "URLType" : "Digital Media"
}