Hyperledger Global Forum

The challenge of serving tokenized assets in a distributed manner without any counterparties becomes one of the important tasks for the industry. Handling of private keys by legal entity means that not legal entity handles it, but exact employee or hardware of this legal entity. Balances on accounts, handled in blockchain, need to be verified for smart contract dependencies by lawyers who can read the code. Distributed mechanisms of identification and KYC/AML servicing becomes more and more complicated with GDPR requirements and risks of cyphoning of personal data. Competitive organizations are very sensitive about their data and their customer data and do not want it available to competitors and, as a result, are wary to join any shared network. This has been a sticking point for adoption. Soramitsu, Moscow Stock Exchange and Monetago have some experiences that can help everyone with answering the question of how do we make decentralization acceptable?