ASAP: The Equivalent of a Seven-Layered Model for Finance?
Access, Service, Asset, Platform
Over the past few months, in Scotland, Scottish Enterprise has brought together a task force that focuses on bringing together academic, industry and public sector expertise and that focuses on the future of the digital economy. This future economic development will aim to move our world from our paper-based approaches and truly integrate digital trust into every part of our lives. In my academic career, I have seldom been so excited about the opportunities this will bring for innovation, our economy and the lives of our citizens — and in the building of an economy that is truly fit for the 21st Century. At its core must be new platforms for trading, openness and auditability.
Introduction
A while back, I read a paper which defined a seven-layer model for Financial Cryptography [here]. For this, the paper outlines a seven-layer model for finance and which takes its inspiration from the 7-layer model used in networking:
So, while this covers finance, what about digital assets? In our traditional banking system, we trust our bank to define our…
