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Driving Efficiency in Asset Recording and Transfers

Digital Asset Registry Technologies (DART) is a blockchain-based asset registry that tracks the ownership of notes, liens, and collateral in real time. Unlike traditional asset registries, DART leverages blockchain technology to create a comprehensive, secure, and efficient platform for registering and tracking digital assets. DART's fundamental principle is its adherence to the rules of commercial law, ensuring that the rights of digital assets transact exclusively on the blockchain. This mechanism provides a secure environment for assets to be sold or pledged on-chain, mitigating the risk of off-chain interests.

How DART Works

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DART operates by listening to transactions as they occur on the blockchain. These real-time registry updates allow for immediate and accurate tracking of asset transactions, giving users a transparent and reliable picture of their digital assets' status.
For example, if a lender wishes to lend against a blockchain asset, DART offers a secure solution. Instead of placing the asset in a trust, the lender can use DART to perfect their interest and maintain control over the asset. This efficient, on-chain process reduces the complexity and potential risks associated with traditional lending mechanisms.
In the traditional loan origination process, MERS eRegistry is used which charges fees for transactions, processing, membership, and renewals. DART directly replaces this software and minimizes registration fees paid out for transactions.

Core Features of DART

Designed as a universal control platform, DART provides a comprehensive solution to manage any controllable digital asset. It operates as a combined lien and eNote registry system, leveraging the inherent transparency and security of the Provenance Blockchain to ensure instantaneous transaction settlements and an unalterable record of ownership.
DART's adherence to the safe-harbor control system requirements of Electronic Signatures in Global and National Commerce Act (ESIGN), the Uniform Electronic Transactions Act (UETA), and the Uniform Commercial Code makes it not just a technologically advanced solution, but also a legally robust control platform suitable for a wide array of digital assets.
DART's design emphasizes user experience. It provides automated registration and asset transfer updates, making it a powerful tool for real-time tracking and management of assets. Furthermore, DART can integrate seamlessly with asset creation systems, such as Loan Origination System (LOS), eVault, or eClosing system, demonstrating its adaptability within various software ecosystems.

Benefits of DART

DART's advantage lies in its ability to manage any controllable digital asset. It is built to support the efficient creation, management, and trading of these assets. It allows entities to originate assets as fully digital entities and facilitates instantaneously-perfected trades on the Provenance Blockchain as digital tokens.
The speed, efficiency, and cost-effectiveness of DART's blockchain-based system offer tangible advantages over traditional asset management systems. By eliminating manual processes and data reconciliation, DART enhances the reliability of data and reduces potential human errors.
In conclusion, DART represents a step forward in the management of digital assets. Its flexibility, security, and integration capabilities make it a highly effective tool for any entity dealing with controllable digital assets. Whether for loan origination, asset registration, or real-time tracking, DART provides an unparalleled solution.