CODEWITHSUNDEEP
corda
ivicaa
ivicaa

Reputation: 625

Asset tokenization on Corda

Is there an example for issuing and transferring tokens (fungible assets) on Corda?

Can someone please sketch at high-level how this would work?

I am especially interested in the following aspects:

Upvotes: 0

Views: 534

Answers (1)

Raymond Mogg
Raymond Mogg

Reputation: 192

By tokens I assume you are referring to fungible assets (one token is the same as another token). In corda this is modeled using contracts - the contract defines the token/assets behavior. For an example of this you can see cash here https://github.com/corda/corda/blob/master/finance/src/main/kotlin/net/corda/finance/contracts/asset/Cash.kt.

To prove a party owns the tokens corda uses notaries. Each state (an instance of a token - defined in the tokens contract) is checked for validity by the notary, which is done by simply running your contract verification code. You can simply have an ownedBy field for each token state as is done with cash, and require in the contract verification code that the party that put in the cash state owns this cash.

In terns of keeping transactions private, I recommend you take a look at using the swap identities flow. essentially for each transaction a new public/private key pair is generated only known by the parties involved - see https://docs.corda.net/api-identity.html#confidential-identities.

Hopefully this answers your questions/sets you on the right path

Upvotes: 1

Related Questions