People talk about using blockchain technology to turn things into digital tokens. The @Dusk Network thinks this is a chance and they want to do it in a way that keeps peoples information private and follows the rules. They built their system to help with securities in a way that works with the laws that are already in place for money. The DUSK Network is really focused, on making sure digital securities are done right.
Digital securities have a lot of information. This includes things like ownership data and transaction history. Sometimes companies also have to deal with actions. The problem is that this kind of information should not be available to everyone.
Public blockchains are not good at keeping this information secret. They show all the data by default.. Dusk Network has a solution for this problem. It uses something called zero knowledge cryptography. This means that transactions can be checked without showing any details. So digital securities, on DUSK Network are more private. Digital securities are kept safe this way.
The network is really helpful when it comes to security tokens. It gives us standards and tools that we can use. These standards are useful for people who issue security tokens because they can control who gets to see what and when. This is important, for security tokens because we have to follow the law. We have to do what the law says in places. The goal of the network and security tokens is not to avoid following the rules. The goal of security tokens is to work with the rules in a way that makes sense.
The proof of stake consensus is really important for making sure that the system for securities is reliable. To be a part of this system validators have to put up some $DUSK which's like a guarantee that they will behave honestly. It is very important to have an end point for transactions so that everyone knows when a deal is final. Financial institutions need to be certain that once a transaction is confirmed it cannot be changed, because this is necessary for settling accounts and making sure that everything runs smoothly. The proof of stake consensus and $DUSK are crucial, for making this work.
The role of @duskfoundation is really important here. They think it is crucial to work with the people who make the rules and the companies, in the industry. @Duskfoundation is trying to use the systems that're already in place so that new blockchain ideas and old style finance can get along better. This way @duskfoundation hopes to make things easier for blockchain innovation and traditional finance to work together.
Tokenization is not about doing things quickly. It is also, about being trustworthy. Investors and issuers need to feel safe that Tokenization systems will work the way they are supposed to. Tokenization can help build that trust by keeping information private and still allowing people to keep an eye on things.
As tokenized securities continue to develop different infrastructure models will emerge. DUSK Network represents one approach focused on confidentiality and regulation. What features do you think are most critical for the future of digital securities platforms #Dusk
