A late uncle of mine had no children of his own. He'd put his life's savings into government savings certificates — a monthly profit while he was alive. Simple, safe.
Then he passed away. And the real ordeal began.
The people he'd nominated went to claim what was rightfully theirs. The office refused to encash anything until we produced a full checklist: each nominee's CNIC, a court claim form from a notary, attestation by a grade-17 officer — and a death certificate from NADRA that alone took a month.
Two whole months before the pay-orders were finally released. For money already documented, already nominated, already ours. The asset was clear — the process around it was the nightmare. The record in one office, the proof of death in another, the attestation in a third — none connected, stitched together by hand.
That fragmented, run-between-offices admin is what @Dusk 's Zedger made me think about — a transaction model for regulated securities. Settlement, transfers, dividends, voting — designed to be handled within one compliant, confidential system, built to line up with MiFID II (the EU's securities rulebook), not reconciled piece by piece across institutions.
Honest take — it's for on-chain securities, not savings certificates; it wouldn't have solved that exact process, and Zedger is still early (beta). The parallel isn't the case — it's the fragmented lifecycle admin underneath.
But for someone who watched a family spend two months to claim what was already theirs, a lifecycle that isn't stitched by hand is worth a lot.
Follow the signal, not the noise.
@Dusk $DUSK #dusk
Then he passed away. And the real ordeal began.
The people he'd nominated went to claim what was rightfully theirs. The office refused to encash anything until we produced a full checklist: each nominee's CNIC, a court claim form from a notary, attestation by a grade-17 officer — and a death certificate from NADRA that alone took a month.
Two whole months before the pay-orders were finally released. For money already documented, already nominated, already ours. The asset was clear — the process around it was the nightmare. The record in one office, the proof of death in another, the attestation in a third — none connected, stitched together by hand.
That fragmented, run-between-offices admin is what @Dusk 's Zedger made me think about — a transaction model for regulated securities. Settlement, transfers, dividends, voting — designed to be handled within one compliant, confidential system, built to line up with MiFID II (the EU's securities rulebook), not reconciled piece by piece across institutions.
Honest take — it's for on-chain securities, not savings certificates; it wouldn't have solved that exact process, and Zedger is still early (beta). The parallel isn't the case — it's the fragmented lifecycle admin underneath.
But for someone who watched a family spend two months to claim what was already theirs, a lifecycle that isn't stitched by hand is worth a lot.
Follow the signal, not the noise.
@Dusk $DUSK #dusk