<p>The token in the blockchain <em>represents</em> a physical item, the same way that a paper document may represent a contract or ownership of a house.</p>

CC BY-SA 3.0
2015-10-28T19:27:06.357Z
2015-10-28T19:27:06.357Z
user10405
<p>How smart property works on basic bitcoin blockchain? I am not sure that how to make token, that is tied with a particular object, on the bitcoin blockchain. I've already know I can use such kind of token if I use colored coin or master coin.
I've read the following link, but I couldn't understand how it works.
<a href="https://en.bitcoin.it/wiki/Smart_Property" rel="nofollow">https://en.bitcoin.it/wiki/Smart_Property</a></p>

<blockchain><colored-coins><smartcontracts>
How smart property works on basic bitcoin blockchain?
Toshi
# How smart property works on basic bitcoin blockchain?

(Asked by: username_0 on 2015-10-12)

How smart property works on basic bitcoin blockchain? I am not sure that how to make token, that is tied with a particular object, on the bitcoin blockchain. I've already know I can use such kind of token if I use colored coin or master coin.
I've read the following link, but I couldn't understand how it works.
<https://en.bitcoin.it/wiki/Smart_Property>

**Tags:** blockchain, colored-coins, smartcontracts


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## 1 answers

### Answer by username_1 on 2015-10-28. Score: 1 | Accepted answer

The token in the blockchain *represents* a physical item, the same way that a paper document may represent a contract or ownership of a house.


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