2020-05-06

Owned by Vipin Bharathan
Last updated: May 06, 2020
2 min read

Date

Attendees

Goals

Reports on progress on the various projects and look at future work.

Discussion items

TimeItemWhoNotes
5 minAnti-TrustVB
  • Anti-trust and other items
 15 mineThaler VB  & MPLatest status 

AOB

Recording

Audio

Posting only audio since there was mo presentation.

Minutes

eThaler Status:

Main phase I objective complete

  • Truffle testing over
  • Java Interface complete
  • Besu testing with Java interface complete privately (deploy, mint, burn etc.)
  • We will test with more participants
  • We can now transfer the code from private github to the public
  • We need DCO for this transfer - more of a HL governance activity
  • Aim to do this before the next meeting
  • UI needed for the demo to be powerful
  • Presentation or webinar under the DH

Custody

  • David - Hubsecurity - key management platform (ultra secure)- security tokens, smart contract
  • Multisig approvals- policy manager, hand held device- policy for multi-sig approval process
  • Multisig is happening at the wallet level- much better before the blockchain
  • Some do some dont (much more control outside)
  • Bitco different - custodian service is provided
  • HS does not provide custodian service- open source not provided
  • eThaler will be compatible- but the MPC platform is usually proprietary.
  • Open Source can be extended
  • Here is the core function of CBDC from a SC , but MPC 
  • France- French bank- they are highly secretive- 
  • Hurdles and requirements for custody etc. is stringent (EU based)
  • Kirthi - Brexit prevents - EU union is needed, ask legal consultant
  • Service provider vouched by French Bank 
  • Credit Agricole (DCM contacts?) are not aware due to size of bank.

Standards around custody

  • Common principles for standards document with TTF
  • We can start after 1 month or so- integrate into the asset-
  • Already custody as a standard- token definition compliance function, roles function and limitations
  • Note about custody to Marley
  • Wyoming regulation was passed- aspects for custody perspective- critical asks for legal regulations
  • Wyoming and Switzerland as regulations, specific things (decent list of legal requirements)
  • SEC & SIFMA(?) control of assets, settlement guarantees, custody functions 15-C3 (SIFMA 19-7 rules? Operable in US markets
  • Oscar Jofre from Kore Conx - book on digital assets, custody- free thinking of asking him to present
  • Follow up with Kore Connex

Future presentations

  • CBDC presentation
  • Next week Consensus distributed - huge virtual conference Panel with Junji Katto moderating
  • IEEE - from 8:30 am onwards- HL virtual booth as a sponsor

UI

  • UI plan to do it? Platform demo by Mani- but does not focus on CBDC
  • ERC 1155 vs ERC 20 - Fed interaction is better modeled with ERC 1155- Direct payments to the public, 1155 - does not mean we have to implement
  • What should the UI look like?
  • Different roles (Central Bank, Dealer A or B)- support
  • Central Bank : Minting, burning,  pause  transferring, Register dealer, check the balance, get decimals
  • Logged in as dealer - cannot mint burn  
  • Ideally should interact with Java Interface+Keystore 
  • Model the UI using the easier to collaborate in eThaler labs.
  • Simple and intuitive UI is important for testing-
  • Bonds and Equities - 
  • Help with Bond definition? By Natalia.

Action items

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