This is reposted from an article I wrote originally on LinkedIn
The issuance of third party assets on “the blockchain” is an idea almost as old as Bitcoin itself. For years I have been intrigued by this concept and have researched and participated in the implementation of protocols (colored coins, pay-to-contract (BIP 175), sidechains and MainStay) that are building blocks for the realisation of this vision. In the long-running discussions around asset issuance protocols, I have come across two recurring issues: scale and incentive alignment.
Having built and maintained grid computing infrastructure for banks, I have a keen understanding of how systems must be designed to scale. When applying my experience…
