Hyperledger Sawtooth is a modular platform for building, deploying, and running distributed ledgers. Distributed ledgers provide a digital record (such as asset ownership) that is maintained without a central authority or implementation.
CHALLENGES WITH TRADITIONAL DIGITAL ASSETS
- Fragmented ecosystem – digital asset issuers have custom processes for managing, distributing and tracking assets.
- Lacking secondary market controls – it can be difficult to verify if assets are genuine or counterfeit
- Inconsistent record keeping practices differ between sellers
- Centralized/proprietary solutions can cause bias and conflicts of interest.
BLOCKCHAIN TECHNOLOGY DRIVEN SOLUTION
ADVANTAGES OF BLOCKCHAIN TRANSACTION TRACKING
- Consistent data recorded across different sellers.
- Immutable transaction record enables security and trust between parties.
- Smart contracts allow asset creators to set terms for how secondary transactions occur.
The Hyperledger Sawtooth platform enables users to design custom solutions for their digital assets. With Sawtooth, firms can customize transaction families for the unique characteristics of specific assets so that they can create asset identifiers, accept offers, and track ownership.
ASSET SETTLEMENT – Enabling secure and efficient bond settlement with Hyperledger Sawtooth blockchain technology.
CHALLENGES WITH TRADITIONAL BOND RECORD KEEPING
- Record keeping practices differ between institutions, reconciling ledgers is often difficult, expensive and time-consuming.
- Historical bond ownership data can be fractured and incomplete.
- Centralized data management solutions have monopolized their offerings.
- Data can be altered retroactively leading to financial fraud.
- Centralized systems risk single failure points.
ADVANTAGES OF BLOCKCHAIN BOND OWNERSHIP
- Creates data consistency across different institutions.
- Ensures comprehensive, ordered accurate, immutable historical ownership data.
- Secures sensitive information through unique hardware configuration.
- Distributed records combat monopolies and yields transparency and trust.
The Hyperledger Sawtooth platform enables to design custom solutions for a variety of financial use cases. With Sawtooth, developers can customize transaction families for the unique characteristics of specific financial investments such as bonds or derivatives. Transaction family logic enables participants to add users and firms, issue assets and quotes, and trade and settle instruments on a shared ledger between financial services companies.