Overview
The Provenance blockchain provides three core modules that work together to create a comprehensive digital asset management and financial tracking system:
- x/asset - Digital asset creation and management
- x/ledger - Financial tracking and accounting for assets
- x/registry - Role-based access control and permissions
These modules form the foundation for creating, managing, and tracking digital assets with full financial transparency and controlled access.
Scenario
A borrower wants to take out a loan using their commercial real estate as collateral. The loan will be tracked on the blockchain with full transparency and automated payment processing.
Step-by-Step Process
The complete loan workflow involves the following steps:
- Asset Creation (x/asset) - Create asset class and property asset
- Registry Setup (x/registry) - Register property with appropriate roles
- Ledger Creation (x/ledger) - Create ledger for loan tracking
- Loan Disbursement - Record initial loan amount
- Monthly Payment Processing - Record regular payments
- Interest Accrual - Track interest charges
A complete demo script with all CLI commands is available in
demo_loan_workflow.sh. This script demonstrates the entire workflow with proper error handling, colored output, and configuration options.To run the demo:
bash# Make the script executable chmod +x demo_loan_workflow.sh # Run the demo (commands are commented out by default) ./demo_loan_workflow.sh # To run actual commands, uncomment the 'eval' line in the script # and replace demo addresses with real addresses
Benefits of This System
- Transparency: All loan activities are recorded on-chain and publicly verifiable
- Automation: Payments and accruals can be automated through smart contracts
- Auditability: Complete audit trail of all financial transactions
- Access Control: Role-based permissions ensure only authorized parties can perform actions
- Compliance: Regulatory requirements can be built into the asset classes and ledger configurations
- Liquidity: Assets can be tokenized or securitized for secondary market trading
Integration Benefits
- Asset Module: Provides the underlying asset representation and management
- Ledger Module: Tracks all financial activities and maintains balances
- Registry Module: Controls who can perform specific actions on the assets
- Marker Module: Enables creation of fungible tokens for asset-backed securities
- Exchange Module: Allows trading of asset-backed tokens
This integrated system provides a complete solution for digital asset management, financial tracking, and regulatory compliance in the blockchain ecosystem.