Re: Financial Products

Thanks everyone for the feedback. What we're trying to accomplish is not
easy. It's doable, very doable, but we need to be very careful with our
decision making. As you guys know, the blockchain is unforgiving.

It might be best for us to get on a call in the next few days and mesh
ideas. The framework I'm building has two core components:
1) the state data
2) the logic

The state data is governed by the associated logic. This can also include
the implementation of Oracles (data bridges from the real world onto the
chain's data).

My thesis here is that any financial product can be reduced down to those
two (technically three with oracles) components.

The logic, in our implementation, will be using the Rust programming
language. It will most likely be open sourced, as we're trying to build an
open ecosystem.

I'm in Mexico City, if that helps with scheduling.

On Fri, Apr 23, 2021 at 4:04 AM Robert Trypuz <rtrypuz@edmcouncil.org>
wrote:

> Hi Cody! Makolab’s RnD team, together with the FIBO team, with the huge
> support of Martin Hepp and Richard Wallis, created a financial extension to
> schema.org (https://schema.org/docs/financial.html). AFAIK, Makolab is
> still interested in extending the financial schema.org extension. You may
> want to reach out to Boguslaw Swiecicki (boguslaw.swiecicki@makolab.com),
> or he will contact you :-)
>
> Best,
> Robert
>
> Robert Trypuz, PhD
> FIBO Project Manager
> EDM Council
> E:  rtrypuz@edmcouncil.org
> W: http://www.spec.edmcouncil.org
> *US*: +1 469 522 2324
> *EU*: +48 515 172 234 or +48 732 401 611
>
>
>
> On 20 Apr 2021, at 21:42, Cody Marx Bailey <superphly@gmail.com> wrote:
>
> Hello,
>
> I'm currently developing a platform and ecosystem using different
> blockchain stacks. I'm one of the authors and creators of the ERC-721
> standard, also known as NFTs. The first iteration of these was done in a
> very crude, simple and unstructured way. My vision for these types of
> unique assets on blockchains requires that we develop a taxonomy, schema
> and standardization for how we communicate. This is where I believe that
> Schema.org comes into play. I noticed there's a lot of work being done in
> areas that makes sense for the rich datasets found on the web, but very
> little in the way of financial instruments.
>
> I'd like to collaborate with this group, but I'm not sure the best way to
> proceed. I have a small team of 4-5 people that are willing to contribute
> their subject matter expertise and help develop the standardized way of
> describing different financial products such as insurance, bonds, baskets
> of assets, real estate, royalties, etc. We wouldn't attempt to do them all
> at the same time, of course, but a couple of the simpler ones could be
> started on very soon.
>
> Thank you for your time,
>
> --
> Cody Marx Bailey
> 979-574-9199
> https://codymarxbailey.com
>
>
>

-- 
Cody Marx Bailey
979-574-9199
https://codymarxbailey.com