SyncToken operates as a middleware protocol that sits between blockchain networks and traditional databases, establishing a standardized data interchange format.

It uses real-time data monitoring and smart contracts to validate, update, and synchronize asset-related data across different platforms.

The protocol utilizes a distributed ledger to record transaction states while enabling seamless API integrations with existing systems, ensuring consistency and reliability across all participating platforms.

By employing consensus algorithms, SyncToken guarantees real-time data integrity and auditing capabilities, mitigating risks of data mismatch or latency.

SyncToken provides a robust, blockchain-agnostic solution that offers real-time synchronization and enhanced interoperability, significantly reducing errors and improving trust in tokenized asset transactions.

It differentiates by handling both blockchain and traditional system data with ease, unlike existing solutions that are often limited in scope.

Technically feasible with the current state of blockchain technology and data integration tools, however, requires extensive collaboration with existing platforms for API development and data standardization.

The competitive landscape includes other data synchronization tools, but few offer a comprehensive blockchain-agnostic solution.