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Description
Demo: Asset Tokenisation; A Privacy First Approach - Vivek Srivastava, Digital Asset
As more securities are dematerialized and more transactions move to distributed ledger
technology (DLT) platforms, effective asset tokenization holds the key to transforming issuance,
settlement and other processes in financial services. The benefits of such digitization are
clear—faster matching of buyers and sellers, quicker settlements, increased liquidity, stronger
risk management, and expanded investor access to digital assets.
Join Digital Asset for a 15 minute demo that will bring asset tokenization to life. In this session
you will learn about Daml, Digital Asset’s core technology, and how leveraging its latest
common data models, proven authorization, APIs, and a range of composable actions with
atomic execution are critical components to getting tokenization right.
Sessions Details & Slides (if available): https://sched.co/19uHG
Access All Sessions: https://events.linuxfoundation.org/hyperledger-global-forum/program/schedule/
----
Hyperledger – Open Source Blockchain Technologies
Hyperledger is an open source community focused on developing a suite of stable frameworks, tools and libraries for enterprise-grade blockchain deployments.
It serves as a neutral home for various distributed ledger frameworks including Hyperledger Besu, Fabric, Sawtooth, Indy, as well as tools like Hyperledger Avalon, Cactus and libraries like Hyperledger Aries, Ursa. Learn more about Hyperledger projects: https://www.hyperledger.org/use
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License
Creative Commons Attribution license (reuse allowed)
A
Hello:
everyone,
my
name,
is
Vivek
srivastava
I
work
at
digital
asset
as
technical
sales,
director
in
London
office
and
prior
to
this
lesson,
my
background
is
mostly
in
financial
industry.
I've
worked
in
Citigroup
for
a
long
period
of
time,
and
mostly
in
capital
markets
technology
and
in
between
I
also
work
with
City
Venture
on
our
detox
program.
A
Along
with
my
own
startup
version
between
before
joining
DF
at
da
I
would
say,
the
primary
role
is
to
be
the
trusted
advisor
to
the
customers
so
that
we
can
understand
what
are
the
kind
of
positive
business
outcomes
they
want
to
achieve
and
what
are
the
required
capabilities
they
need
and
whether
you
know
where
our
technology
Works
or
meets
those
requirements
or
not
so
in
that
is
in
that
capacity
we
work
with
various
customers
in,
in
mostly
in
Emir
region.
That's
Ian,
hi,.
B
A
Great
so
as
just
told
us
that
we
are
a
software
company
that
works
with
financial
industry,
basically
Enterprise
clients,
mostly
in
financial
industry,
as
well
as
in
other
Industries,
primarily
to
build
multi-party
applications
and
networks.
Where
and
drive
economic
value
to
them.
At
the
heart
of
I
would
say
in
terms
of
the
the
company
we
are
in
six
countries,
we
grew
around
75
percent
in
last
two
years,
a
lot
of
our
focus
and
our
experience
comes
from
Financial
financial
industry
as
well
as
core
technical
folks
that
we
have
in
the
company.
A
We
are
we
very
much
focus
on
diversity
and
we
are
hiring
so
you
can
go
to
the
career
page
and
look
for
the
roles
that
we
have
I
mean
these
are
some
of
our
clients.
Many
of
them
are
in
production,
or
some
of
them
are
in
getting
to
production.
Most
of
the
clients,
I
would
say
there
we
have.
They
are
in
Enterprise
space,
financial
institutions
like
exchanges
Banks,
but
also
we
work
with
insurance
companies
as
well
as
in
healthcare,
and
many
of
our
customers
focus
on
the
ESG
goals
as
well.
A
A
We
have
two
primary
Innovations,
I
would
say
demo
language
and
Canton
ledger.
So
demo
is
a
smart,
open
source,
smart
contract
language,
which
is
primarily
customers
use
to
define
the
schema,
the
semantics
and
the
execution
of
the
transactions.
It's
a
purpose-built
language,
that's
built
on
the
building
blocks
of
Rights
and
obligations.
So
privacy
comes
first,
you
do
not
as
a
developer.
You
do
not
need
to
do
anything
outside
the
box
to
make
sure
that
the
Privacy
is
insured
and
it
gets
enforced
in
a
distributed
manner
as
well.
A
So
in
terms
of
the
the
other
Innovation
which
is
Kent
and
The
Ledger.
So
that's
again
is
the
previous
enabled
distributed
Ledger,
which
works
with
complementary
blockchains
like
fabric
hypology
fabric
and
hyperledger
basil,
but
also
you
it
depends
on
our
customers
needs.
If
you
know,
if
their
trust
assumption
is
centralized
trust
where
you
still
have
a
distributed
applications
but
all
the
entities,
they
can't
trust
one
single
entity,
you
can
have
basically
your
distributed,
Ledger
running
with
with
one
essentially
that
domain
operator
which
could
be
running
on
database.
A
So
that
way
what
you
can
actually
do
is
you
can
create
networks
where
you
can
fulfill
the
requirements
where
you
have
the
the
centralized
trust
requirements
or
a
decentralized
trust,
and
our
vision
is
to
create
this
global
economic
network
of
these
kind
of
networks,
so
that,
where
you
can
easily
connect
to
any
of
these
networks,
ads
start
doing
business.
You
know
with
other
participants
and
the
same
way
like
internet
works
today,
so,
for
example,
to
connect
to
the
internet
and
do
business
internet.
You
need
really
two
main
things.
A
One
is
your
browser
right
and
then
your
ISP,
and
that
way
you
can
then
either
launch
new
businesses
or
interact
with
other
businesses,
and
that's
our
vision
that,
as
far
as
you
have
a
demo
node
which
like
works
like
the
internet
browser
so
to
say
in
the
demo
Network
and
you
can
basically
connect
to
any
of
the
domains
which
are
provided
by
you
know
various
other
customers.
And
then
you
can
do
transactions
with
you
know
various
other
entities
on
this
global
economic
Network.
A
Next
slide,
please.
So
in
today's
demo,
what
we're
gonna
focus
on
is
around
asset
tokenization
and
when
we
worked
with
our
customers,
I
would
say
a
lot
of
our
customers
had
similar
building
blocks
that
they
need
to
do
they
needed
to
do
to
basically,
whether
that's
issuance
of
the
token
as
the
issuance
of
the
asset
life
cycling
of
the
asset,
distribution
and
so
on
and
so
forth.
So
another
Innovation.
What
we've
done
is
where
we
we
built
this
demo
Finance
Library,
which
is
open
source,
but
that
essentially
I
would
say.
A
If
you
look
at
the
stack
here,
you
know
at
so
at
the
very
bottom.
You
have
the
infrastructure,
which
is
like
the
whichever
the
underlying
blockchain
you
want
to
use,
but
then,
in
terms
of
once,
you
have
your
when
you're
building
your
application,
the
demo
Finance
Library,
provides
you
those
building
blocks
so
that
all
of
our
clients
do
not
need
to
rebuild
them
right.
So,
like
the
asset
definition,
the
accounts,
transfers,
dvps
and
so
on
and
so
forth,
and
then
we
work
with
customers,
which
is
again.
A
A
Our
customer
then,
can
customize
that
to
add
that
20
percent,
which
is
their
IP,
essentially
right,
and
they
can
build
these
complex,
Financial
applications
which
are
multipleity
very
quickly
very
easily,
so
that
helps
our
customers
go
from
basically
whenever
they
want
to
start
to
live
very
very
quickly.
So
at
da
we
focus
a
lot
more
on
productivity
and
time
to
Market,
and
if
you
look
at
demo
as
a
language
or
SDK,
the
toolkit
and
all
the
toolings
that
comes
along
with
with
our
Tech
stack
is
mostly
focused
on.
A
You
want
to
build
a
secure
private
Network,
where
you
can
have
these
multi-party
distributed
application
that
you
can
build,
but
you
don't
need
to
put
too
many
resources
or
you
don't
need
to
wait
for
a
year
to
build
these
and
go
live
right.
You
can
actually,
we
have
our
customers
who
can
who
have
done
that,
actually
that
they
started
with
a
very
simple
use
case
in
three
months
time
they
put
their
pilot
in
production
and
then,
from
there
onwards
it's
incremental
growth.
So
they
start
to
build
incrementally.
A
On
top
of
that,
because
when
you
build
using
download
text
track,
your
your
applications
are
composable
and
your
network
is
composable
as
well.
So
on
that
note,
I've
finished
talking
and
will
not
bore
you
with
the
slides
anymore
I'll
hand
it
over
to
the
end.
To
actually
do
the
live
demo
just
a
bit
of
a
context
in
the
demo,
the
it
is
running
on
on
his
machine
using
demo
Canton
on
the
hyperledger
fabric.
B
Thanks
very
much
Rebecca
and
just
before
we
get
started
just
interested
to
see
a
quick
show
of
hands
who
has
heard
of
digital
asset.
Before
you
came
today,
okay,
and
also
so
we
pitch
it
right
who
here
would
say
they
are
technical,
as
opposed
to
business
Okay.
So
we've
got
a
fairly
even
split
between
taking
business.
So
we'll
try
to
keep
everyone
happy
then.
So,
as
vivik
says,
we're
going
to
show
some
examples
of
this
demo
solution
that
we've
built
today
to
show
tokenization
and
in
particular,
there's
there's
a
there's
a
lot
to
it.
B
So
I'm
just
going
to
show
a
subset,
we're
going
to
show
how
we
actually
create
a
structure
for
for
financial
assets
and
and
how
how
we
can
build
them
dynamically
and
and
use
them.
Then
we're
going
to
go
through
a
process
of
of
actually
issuing
them
in
a
kind
of
Dutch
auction,
so
I
want
to
start
off
with
by
just
showing
you
how
how
we,
how
we
structure
assets.
B
So
if
I
click
into
here,
you
can
see
I'm
logged
in
as
a
fictitious
issuer
up
here.
I've
got
some
pre
pre-created
assets
here
and
just
to
give
you
an
understanding
of
how
how
this
works
in
our
model,
if
we
go
and
look
at
one,
so
I'm
going
to
go
and
look
at
a
a
forward.
Okay.
So
this
one
here
behind
this
one
here.
B
So
this
is
a
a
kind
of
asset
which
is
an
agreement
basically
to
to
purchase
a
particular
stock
at
a
particular
date
in
the
future,
and
the
way
we
represent.
This
is
is,
with
this
kind
of
tree
structure,
to
what
we
call
a
tree
of
claims
which
says
on
a
particular
date.
Two
things
are
going
to
happen,
I'm
going
to
give,
in
this
case,
20
Tesla
stock
and
I'm
going
to
receive
10
000
US
Dollars
Okay.
So
it
turns
out.
B
This
is
a
very
good
tree
structure
for
modeling
any
kind
of
asset
so
that
the
beauty
of
this
approach
is
is
we
can
we
can
model
all
of
our
assets
using
this
this
kind
of
approach
and
then
all
that
all
the
steps
that
we
want
to
take
them
through
so
from
issuance
to
distribution
to
life,
cycling
and
trading,
we
can
write,
write
all
of
that
code
once
and
use
it,
regardless
of
the
kind
of
instrument
that
we're
working
with
whether
it's
a
stock
or
a
derivative
or
a
future
or
a
bond
or
anything.
We.
B
We
just
have
to
write
that
that
code
once
okay
in
the
bottom
here
I've
got
the
hyperledger
Explorer
and
we
can
just
see
as
we
progress
you'll
see
as
we
go
through
the
demo
of
the
block
count
going
up.
That's
really
just
to
show
you
that
it
really
is
running
on
hyperledger
fabric,
okay
and
it's
not
smoking
mirrors.
A
Filling
of
the
fields
for
Bond
Creation
The
key
thing
is
that
when
you,
when
the
bond
is
created,
you'll
see
that
we'll
use
the
same
tree
structure
so
from
and
essentially
behind
the
GUI.
Actually,
the
Assets
in
smart
contracts
are
represented
in
that
tree
structure
as
well,
so
the
the
UI
just
a
representation
on
the
the
presentation
here.
But
the
key
thing
is
that
once
you
define
so,
you
can
think
of.
A
Basically
when
you
have
to
define
a
different
asset,
it's
just
a
different
shape
of
the
tree
right,
so
you
can
actually
Define
a
new
shape
of
the
tree,
so
a
new
asset
on
the
Fly,
which
is
very
powerful
because
today,
if
we,
if
a
bank
has
Implement
a
new
asset
class,
it's
a
new
release.
It
takes
couple
of
months
here.
You
can
actually
do
it
fairly
quickly.
Now.
A
The
other
thing
is
that,
once
you
define
the
tree
structure,
you
can
Define
some
of
those
common
functions
that
can
be
applied
on
these
three
structures
so
like
life,
cycling
and
corporate
actions
and
so
on
and
so
forth,
and
that's
where
you'll
start
to
see
the
value
because
for
different
asset
classes,
you
don't
have
to
redefine
everything
in
different
assets.
You
don't
have
to
Define
redefine
those
on
those
common
functions
and
you
you
need
to
you
start
to
reuse
a
lot
of
them
and
that's
where
the
productivity
comes,
that
you
can.
B
Okay,
so
different
different
kind
of
instrument,
but
but
using
the
same
principle
to
structure
it
as
if
excess.
So
now
that
we've
got
that
what
we
can
do
next
is
we
can
go
ahead
and
actually
issue
that
so
I
can
go
into
this
issuance
page
here.
We're
going
to
do
a
new
issuance
I
had
to
issue
that
asset
that
we've
just
created
and,
let's
say,
I'm,
going
to
issue
a
million
of
them.
B
And
we're
not
showing
all
the
detailed
workflow
processes
that
you
might
have
here
around
this
might
go
to
registry
or
compliance
or
whatever
we're
just
showing
the
the
boundary
of
that
and
that's
created
that
Bond.
So
if
I
go
ahead
now
and
look
at
what
I'm
holding
you
can
see
here,
that
I've
got
a
thousand
a
million
of
these.
Let's
go
ahead
now
and
create
a
a
Dutch
auction
for
them.
So
we
can
go
into
here
and
go
to
distribution,
create
a
new
distribution
and
do
auction.
So.
A
While
Ian
is
doing
that
again,
when
I
mentioned
that
privacy
is
built
in
what
you'll
see,
if
you
know
once
you
look
at
the
code,
is
that
as
the
Dutch
auction
or
the
asset
ownership
or
how
the
bits
are
are
basically
the
mechanism
to
place
a
bit
is
code
in
a
smart
contract.
After
once,
those
business
rules
are
written
as
a
you.
Don't
need
to
do
anything
additional
to
make
sure
that
the
Privacy
is
actually
enforced
throughout
the
tech
stack.
A
You
know
all
the
way
to
when,
when
you
receive
on
your
node
the
data
and
no
one
else
should
be
other
than
the
stakeholders.
This
no
one
else
should
be
able
to
get
the
data
and
see
the
data
right
and
that's
essentially
without
is
one
of
the
unique
thing
about
Damelin
Canton.
Is
that
it's
about
privacy
and
data
minimalization.
So
in
other
platform,
you
have
to
write
a
lot
more
code
to
achieve.
That
was
as
it
because,
damn
all
the
way
it
is
built
it,
it
happens
for
free
to
you.
B
B
B
They
can
go
into
the
the
auction
here
and
they
stay
there
able,
with
their
permissions
and
they're,
able
to
see
all
the
bids
that
have
been
made.
You
can
see
we're
slightly
over
subscribed
here
at
120,
because
we've
got
in
at
800
and
400
000
of
each.
What
I
will
do
at
the
bottom
is
I'm
going
to
just
show
you
Bob's
Holdings
what
his
current
custody
you
can
see.
He's
just
got
US
dollars
in
his
account
at
the
moment.
Now,
when
we
close
this
auction
as
the
agent.
B
What
we
should
see
is
it
will
fill
these
orders
according
to
our
Dutch
auction
rules,
and
this
is
happening
completely
atomically,
so
everything's
trading
and
settling
at
once
in
one
Atomic
transaction,
and
you
can
see
now
that
Bob
has
got
his
he's.
Had
the
partially
filled
order,
because
he
was,
he
got
200
000
and
Alice
in
fact
got
the
her
full
800,
000
and
and
that
that
has
those
trades
have
completed
atomically.
So.
A
A
So
no
the
smart,
so
what
we
have
done
is
the
Smart
contract
for
Bond
or
for
DVP
right.
They
have
been
created
in
that
Financial
like
using
that
Financial
library
right,
and
this
was
just
basically
using
that
to
create.
But
if
you
do
want
to
create
a
new
instrument,
you
can
actually
we
do
have
an
interface
where
you
just
have
to
create
a
new
tree
structure
right
so
and
that
you
can
do
it
on
the
fly
as
well
yeah.
So
you
can
actually
create
new
instruments
on
the
Fly
too.
B
A
Let's
say:
let's
say
she
has
it
what
it's
all
all
the
business
data
is
encrypted,
so
no
one,
not
even
the
operator,
so
anyone
who
has
the
node
they
they
will.
They
can
access
the
underlying
data.
So
only
the
participant
node,
where
the
parties
are
hosted.
They
are
the
only
one
who
can
decrypt
the
data
and
then
make
it
available
to
the
party
they
are
hosting.
A
So
double.
Okay,
very
good
question
so
in
terms
of
the
the
double
Spenders
stopped
at
the
demo
level
itself,
so
that
when
you,
when
you
receive
basically
the
transactions
that
are,
they
are
double
committed
so
essentially
between
Alice
and
Bob.
They
both
have
to
pre-verify
that
this
is
the.
This
is
the
transaction.
These
are
the
state
and
when
they
both
verify,
then
only
the
transaction
is
successful.
The
Fab
at
the
fabric
level,
what
gets
stored
is
basically
The
Ordering
of
the
transaction
and
then
the
payload,
but
the
payload
is
encrypted.
A
A
Very
good
question,
so
we
are
talking
about
the
cross
domain
transactions
right.
So
the
way
so
far,
there's
a
there's
a
precondition,
essentially
that
if
you
want
to
do
a
cross
domain
transaction,
then
you
the
entities
basically
need
the
department
nodes
need
to
have
one
common
connection
to
one
common
domain,
essentially
because
you
need
that,
let's
see
The
Ordering
of
the
transactions.
So
that's
the
only
requirement.
As
far
as
you
have
one
common
domain,
you
can
actually
do
a
cross
domain,
Atomic
transaction.
A
So
at
that
point,
if,
if
that's
the
case,
then
you
will
need
some
kind
of
an
asset
bridge
where
you,
if
you,
if,
if
you're,
not
using
demo
demo
encounter
Network
and
you're
interacting
with
outside
that
Network
to
a
public
network
or
any
other
network
with
a
native
asset,
then
you
will
need
an
asset
bridge
and
you
have.
You
can
use
the
the
hash
block
time
kind
of
Technologies.
D
A
So
again,
a
lot
of
it
depends
on
the
use
case
and
how
things
are
deployed.
We
have
customers
who
are
basically
using
it
for
live
betting,
so
I
mean
you
can
I
mean
all
of
our
Tech
stack
can
be
horizontally
scaled,
so
you
can
receive
the
throughput.
Yes,
there
will
be
certain
latency,
because
you
cannot
there's
no
in
technology,
there's
no
free
lunch.
So
if
you
want
to
receive
the
guarantee
that
you
that
you
want,
there
will
be
certain
agency,
but
again
it
it
doesn't.