Someone at work mentioned a supplier going under and how long it took to work out who owned what. Different industry entirely. But it left me with a question about this one.
What happens to a regulated security if the chain it lives on stops.
Not a hack. Not a bug. Just a network that loses validators and eventually stops producing blocks.
A traditional registry has an answer. The registrar is a legal entity with obligations and a regulator and a successor arrangement if it fails. Ownership survives the company holding the record.
Onchain native issuance removes the second copy deliberately. That is the whole efficiency gain. But it also means the ledger is the register rather than a mirror of one.
I do not think this is unanswerable. Archive nodes hold full history. A supervisor could presumably require the record be reconstructable elsewhere.
But I have not seen it addressed directly and it is exactly the question a risk committee asks before approving anything.
what would you want guaranteed before putting a real asset onchain
@Dusk #dusk $DUSK
What happens to a regulated security if the chain it lives on stops.
Not a hack. Not a bug. Just a network that loses validators and eventually stops producing blocks.
A traditional registry has an answer. The registrar is a legal entity with obligations and a regulator and a successor arrangement if it fails. Ownership survives the company holding the record.
Onchain native issuance removes the second copy deliberately. That is the whole efficiency gain. But it also means the ledger is the register rather than a mirror of one.
I do not think this is unanswerable. Archive nodes hold full history. A supervisor could presumably require the record be reconstructable elsewhere.
But I have not seen it addressed directly and it is exactly the question a risk committee asks before approving anything.
what would you want guaranteed before putting a real asset onchain
@Dusk #dusk $DUSK
