Factors in the Portability of Tokenized Assets on Distributed Ledgers
- URL: http://arxiv.org/abs/2005.07461v1
- Date: Fri, 15 May 2020 10:35:08 GMT
- Title: Factors in the Portability of Tokenized Assets on Distributed Ledgers
- Abstract summary: Tokenization of assets deployed to distributed ledger technology is increasingly cited to revolutionize financial services.
To realize these benefits it is important the token is transferrable, that is, portable from one distributed ledger to another.
- Score: 1.6582968942719265
- License: http://creativecommons.org/licenses/by/4.0/
- Abstract: The tokenization of assets deployed to distributed ledger technology is
increasingly cited to revolutionize financial services by allowing
traditionally illiquid assets to be bought and sold on primary and secondary
markets increasing asset liquidity, transparency and reducing transaction
completion time. To realize these benefits it is important the token is
transferrable, that is, portable from one distributed ledger to another. In
this paper we survey current interoperability architectures and smart contract
languages, identifying factors affecting the portability of tokenized assets.
We propose a portability maturity model that can be used to help assess the
current state of technology and supporting market infrastructure.
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