Composability: Difference between revisions
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:"Tokenisation – the process of recording claims on financial or real assets that exist on a traditional ledger on a programmable platform – introduces two important capabilities. | :"Tokenisation – the process of recording claims on financial or real assets that exist on a traditional ledger on a programmable platform – introduces two important capabilities. | ||
:First, by dispensing with messaging and the reliance on account managers to update records, it provides greater scope for composability | :First, by dispensing with messaging and the reliance on account managers to update records, it provides greater scope for composability... | ||
:Second, it enables the contingent performance of actions through smart contracts, ie logical statements such as “if, then, or else”. | :Second, it enables the contingent performance of actions through smart contracts, ie logical statements such as “if, then, or else”. | ||
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==Other resource== | ==Other resource== | ||
*[https://www.bis.org/publ/arpdf/ar2023e3.pdf Bank for International Settlements (BIS) Annual Economic Report 2023] | *[https://www.bis.org/publ/arpdf/ar2023e3.pdf Bank for International Settlements (BIS) Annual Economic Report 2023] | ||
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Revision as of 01:13, 25 July 2024
Cash management - treasury - tokenisation - central bank digital currency (CBDC) - distributed ledger - platforms.
In the context of ledger platforms, composability is the ability to bundle multiple actions into a single executable package.
- Composability and contingency
- "Tokenisation – the process of recording claims on financial or real assets that exist on a traditional ledger on a programmable platform – introduces two important capabilities.
- First, by dispensing with messaging and the reliance on account managers to update records, it provides greater scope for composability...
- Second, it enables the contingent performance of actions through smart contracts, ie logical statements such as “if, then, or else”.
- By combining composability and contingency, tokenisation makes the conditional performance of actions more readily attainable, even quite complex ones."
- Bank for International Settlements (BIS) Annual Economic Report 2023, page 89.
See also
- Account
- Balance sheet
- Cash management
- Central bank
- Central bank digital currency (CBDC)
- Central bank money
- Cryptocurrency
- Currency
- Digital currency
- Distributed ledger
- Financial asset
- Helvetia III
- Infrastructure
- Money
- Multi-CBDC arrangement
- Platform
- Programmability
- Real asset
- Reconciliation
- Reserve
- Retail central bank digital currency
- Sight deposits
- Smart contract
- Stablecoin
- Tokenise
- Wholesale central bank digital currency (wCBDC)
