Asset Smart Contract Protocol

After the Asset Smart Contract is released, the real asset will have a digital identity and a Lattice Network accountthat affirms the ownership relationship between the real asset owner and the real asset on the blockchain. In addition, the owner can provide services with the registered asset.

Asset Smart Contract follows below principles:

  • Asset Smart Contract allows the asset owner to register the real asset on the blockchain without new token generated.

  • Asset Owner Account produces the Asset Smart Contract Account when issuing the Asset Smart Contract.

  • When Asset Smart Contracts are deployed, the Asset ledger will be generated on the Lattice Network for assetinformation record.

  • User triggers the execution of the Smart Contract by sending the transaction to the Asset Smart Contract Account. The transaction can be completed in Public Token or other Tokens.

  • Asset Smart Contract Account will provide corresponding services after receiving the payment.

  • The block storage requirement brought by the Asset Smart Contract is stored on the storage node on the Lattice Network.

  • The transaction history from the asset ledger is saved in the storage node of Lattice Network and further confirmedthrough the AIDPOV Consensus.

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