Goldman Sachs & Co. LLC (20240233018). DIGITAL ASSETS PLATFORM simplified abstract

DIGITAL ASSETS PLATFORM

Organization Name

Goldman Sachs & Co. LLC

Inventor(s)

Chi Kit Yip of Hong Kong (HK)

Chong Kiat Joseph Chua of Singapore (SG)

Manoj Prema Ramesh of Singapore (SG)

Chin Wan Lam of Hong Kong (HK)

Brijesh Gupta of Hong Kong (HK)

Philipp Wendeling of London (GB)

George Paulose of London (GB)

Mathew Mcdermott of London (GB)

Amar Amlani of London (GB)

Oliver Harris of New York NY (US)

DIGITAL ASSETS PLATFORM - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240233018 titled 'DIGITAL ASSETS PLATFORM

Simplified Explanation:

The abstract describes a digital assets platform that utilizes distributed ledger technology and smart contract programming to tokenize, manage, and process digital assets, including securities and non-securities.

• Uses distributed ledger technology and smart contract programming
• Provides end-to-end tokenization, management, and lifecycle processing of digital assets
• Includes distributed and decentralized communication network and application systems
• Tokenizes real-world assets and various forms of tokenized assets

Key Features and Innovation:

• Utilizes distributed ledger technology and smart contract programming
• Provides end-to-end tokenization, management, and lifecycle processing of digital assets
• Includes distributed and decentralized communication network and application systems
• Tokenizes real-world assets and various forms of tokenized assets

Potential Applications:

• Tokenization of securities and non-securities
• Management of digital assets
• Processing of tokenized assets

Problems Solved:

• Simplifies the tokenization and management of digital assets
• Enhances security and transparency in asset transactions

Benefits:

• Increased efficiency in asset management
• Improved security and transparency in asset transactions
• Facilitates the tokenization of real-world assets

Commercial Applications:

Digital asset management platforms for financial institutions, investment firms, and asset management companies.

Prior Art:

Researchers can explore prior art related to distributed ledger technology, smart contract programming, and digital asset tokenization.

Frequently Updated Research:

Stay updated on the latest developments in distributed ledger technology, smart contract programming, and digital asset management.

Questions about Digital Assets Platforms:

1. How does distributed ledger technology enhance the security of digital asset transactions? 2. What are the potential risks associated with tokenizing real-world assets on a digital assets platform?

Original Abstract Submitted

a digital assets platform (dap) uses distributed ledger technology and smart contract programming. the dap can include distributed and decentralized communication network and application systems that collectively provide end-to-end tokenization, management, and lifecycle processing of digital assets. the assets may be digitally native securities (e.g., bonds, equities, funds, etc.) and non-securities (e.g., digital cash, loans, derivatives), tokenization of real-world assets (securities and non-securities), or any other forms of tokenized assets.