Industrialization of Finance – atpar blog
Mission & Demo | Screencasts
In 1957 Malcom McLean transformed the logistics industry forever. He introduced the intermodal shipping container. He aimed to reduce shipping costs for his own transportation company consisting of a fleet of trucks and ships.
The productivity benefits were so huge that the entire logistic industry adopted his approach within a few centuries. “And the cost to ship cargo has dropped more than 90% since then. In 1956, cargo cost $5.86 per ton to load, while now it only costs around $0.16 per ton. It is recognized as one of the most impactful innovations in the last century.” [2]
We are convinced that we can replicate the productivity benefits of shipping containers for financial assets. With the ACTUS Protocol, we enable containerized financial assets that have standardized interfaces and unified ‘freight documents’ — the machine-readable representation of the financial contract payment obligations. This is the key to industrialize finance and create a highly automated and frictionless financial value chain.
Want to learn more about how we can bring the production cost of financial assets down by an order of magnitude?
How does the containerization of assets look like? And how can we industrialize the issuance and servicing of the life cycle of financial assets?
ACTUS Protocol assets are self-sufficient: they contain all the necessary data and logic to service the financial instruments’ life cycle. Because they are packaged as containers, systems interact with any asset in the same way. The financial data can be extracted in an automated manner from any type of asset in order to e.g. list in on an exchange, price the assets or calculate accrued interest for an individual asset or whole portfolio.
Our Demo Portal showcases these capabilities for debt instruments. Nils will walk you through the portal and some examples to demonstrate how you can issue, service, tokenize financial assets and distribute funds with the generic ACTUS Protocol approach.
If you are in a hurry, you will get the essence of what the ACTUS Protocol is about by watching the following sections:
- Video III – Create own debt instrument offerings (04:35)
- Video IV – Inspect an offer: next obligations, history and terms (01:00)
- Video IV – Servicing the assets and settle payments (01:57)
- Video IV – Tokenization of the investor side using funds distribution token (06:38)
Everybody is invited to build their own solution on top of the ACTUS Protocol or integrating into an existing security token or issuance solution. Either by directly interacting with the smart contracts or through our APIs and middleware. We have also added an off-chain order book for demonstration purposes which you can replace with your order book building solution of your choice.
I) Demo Portal Overview
- Intro to the ACTUS Protocol and some technical background (00:00)
- Overview of the main elements of the Demo Portal (00:50)
II) Explorer View
- Get an overview of the issued assets (00:00)
- Know Your Customer (KYC) vs. “Know your Assets” (KYA) (00:44)
- Inspect details of individual assets: terms, schedule and payment obligations (01:56)
III) Offer View
- Browse existing lending offers (00:00)
- *Create own debt instrument offerings (04:35)
- Take the created offer (11:34)
* Recommended for those that are in a hurry.
IV) My Asset View and Servicing
- My Asset View (00:00)
- *Inspect the new offer: next obligations, history and terms (01:00)
- *Servicing the assets and settle payments (01:57)
- *Tokenization of the investor side using funds distribution token (06:38)
- Wrap-up and summary of the aspects covered in the videos (10:58)
- Additional resources and feedback channel (12:43)
* Recommended for those that are in a hurry.
Published at Sun, 10 Nov 2019 07:01:55 +0000
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