Goldman Sachs & Co. LLC (20240233020). 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 20240233020 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 the lifecycle of various digital assets, including securities and non-securities.

Key Features and Innovation:

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

Potential Applications: The technology can be applied in various industries such as finance, real estate, supply chain management, and healthcare for asset tokenization, management, and processing.

Problems Solved: The technology addresses the challenges of traditional asset management systems by providing a secure, transparent, and efficient platform for digital asset tokenization and management.

Benefits:

• Increased security and transparency in asset management
• Improved efficiency in asset tokenization and lifecycle processing
• Enhanced accessibility to a wider range of digital assets

Commercial Applications: The technology can be used by financial institutions, investment firms, real estate companies, and other businesses involved in asset management for improved efficiency and security in handling digital assets.

Prior Art: Readers can explore prior art related to distributed ledger technology, smart contract programming, and asset tokenization in the financial and technology sectors.

Frequently Updated Research: Stay updated on the latest developments in distributed ledger technology, smart contracts, and digital asset management for potential advancements in the field.

Questions about Digital Assets Platform: 1. How does the use of distributed ledger technology enhance the security of digital asset management? 2. What are the potential risks associated with smart contract programming in asset tokenization and management?

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.