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Next-Gen Engine for Digital Asset Management: Full Lifecycle Tooling for Tokenization Projects

Marc Lewis
Managing Editor
March 5, 2024
Next-Gen Engine for Digital Asset Management: Full Lifecycle Tooling for Tokenization Projects
Update
Since this post was written, Hyperledger FireFly has reached 1.0. Learn more here!

As tokenization of Real World Assets (RWA) accelerates, it is clear that the current generation of tooling and techniques doesn't deliver the full range of business capabilities that an enterprise needs to do business at scale, across borders.

RWAs are significantly more complex than cryptocurrencies, due to their connection to physical assets, fluctuating values, intricate ownership and custody arrangements, and constantly changing legal and regulatory requirements.

We’ve introduced a revolutionary new engine for enterprise RWAs. It provides a groundbreaking open source policy engine, a new paradigm for scaling asset and data models to real-world demands, and more.

In this article, we’ll look at how tools like advanced modeling and indexing, action and policy workflows, event orchestration, and more bring advanced asset management to the enterprise in the Kaleido Asset Platform. All to enable businesses to make better decisions, improve security and compliance, and ensure they stay ahead of the curve.

Asset Indexing & Modeling

Our Asset Manager is the brain your digital asset operations need. It's a powerful tool that optimizes processes, minimizes risks, and paves the way for growth and innovation in the ever-evolving digital landscape—and the power starts with its indexing and modeling capabilities.

While blockchain nodes excel at recording state changes, complex queries often necessitate off-chain logic. The Asset Manager brings this to the table by connecting off-chain applications with the blockchain's state, ensuring efficient data retrieval and storage.

The Asset Manager contains its own customizable, highly queryable database for asset indexing and modeling, in which you can include a mix of on-chain and off-chain data, as well as arbitrarily defined labels. These labels can be used to tightly couple the asset with an organization's specific back office systems

The Asset Indexing and Modeling features make it easier for enterprises to:

  • Model assets, manage workflows, streamline event processing, and enrich events—all from a friendly UI and rich APIs
  • Quickly access current blockchain data with indexed queries and ingest that data into business-relevant systems
  • Enrich events with additional data for better and faster decision-making
  • Create entirely new, innovative, and responsive asset solutions and financial products for customers

Action & Policy Workflows

Alongside the asset indexing improvements, we've introduced advanced action and policy workflows. These Policy and Task APIs streamline both on-chain and off-chain processes and allow businesses to define and automate custom policy enforcement at every stage.

This represents a significant leap forward in seamlessly integrating core systems and business logic with our Asset Platform.

The Action & Policy Workflow features make it easier for enterprises to:

  • Write and manage business policies and operations from a single console
  • Automate on-chain and off-chain processes with configurable policy enforcement at every step
  • Create sequential tasks that can orchestrate policy execution, FireFly operations, transaction signing, and even arbitrary API calls
  • Trigger event streams from a blockchain and automate actions in response

Event & Action Orchestration

The Asset Manager can listen for and respond to events. This includes invoking external APIs for workflow integration, querying external data systems, evaluating business rules/logic to trigger new blockchain transactions, and facilitating transactions in other blockchain networks.

Essentially, the Asset Manager serves as the orchestration engine for detecting complex scenarios, coordinating multiple on-chain and off-chain events and actions across decentralized systems, and ensuring value and state are kept updated throughout business systems.

Multi-party workflows in decentralized solutions often require sequencing multiple blockchain transactions, involving data coordination, time window management, and signature collection.

The Asset Manager addresses these situations where off-chain data coordination and privacy are critical components alongside on-chain logic execution and state machine management within smart contracts.

The Event & Action Orchestration features make it easier for enterprises to:

  • Effortlessly retrieve up-to-date blockchain data through indexed queries
  • Tailor off-chain data modeling to match specific smart contract requirements
  • Streamline indexing by aligning on-chain logic with a flexible data model
  • Enhance events with supplementary data to facilitate informed decision-making
Screenshot of the Kaleido Asset Manager Service
The Kaleido Asset Manager Service is an enterprise-grade engine for managing the full lifecycle of digital assets.

Built for the Enterprise

For an enterprise, this offers a way to make, manage, and monitor RWAs, accelerate tokenization projects, and automate business operations and rules, this suite of tools meets their needs. The functionalities are tailored to a business that wants to scale and accelerate digital asset strategies and adoption in an ever-connected blockchain world where early movers have the advantage.

With streamlined operations and advanced modeling and indexing capabilities, business teams can track and manage assets in real-time while seamlessly integrating their core systems and business logic with the web3 environment.

Ultimately, Kaleido empowers enterprises to optimize their operations, minimize risks, and unlock new opportunities for growth and innovation in the digital asset space.

If you’re ready to take your digital asset strategy to the next level, schedule a call with one of our solution architects.

Make Tokenization Easier

The Kaleido Asset Platform can radically accelerate your digital asset strategy.

Request a Demo

Make Tokenization Easier

The Kaleido Asset Platform can radically accelerate your digital asset strategy.

Request a Demo
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Interested in Blockchain?

Start learning blockchain and creating enterprise solutions today with a free Kaleido account!

Create Free Account

Make Tokenization Easier

The Kaleido Asset Platform can radically accelerate your digital asset strategy.

Request a Demo

Make Tokenization Easier

The Kaleido Asset Platform can radically accelerate your digital asset strategy.

Request a Demo

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