November 19, 2023
Our friends at Oasis Pro J.P. Morgan Provenance Blockchain Foundation Ava Labs have launched an exciting new product with Apollo Global Management, Inc. and WisdomTree Asset Management. Coindesk writes about it here (https://bit.ly/40HJfO9). I want to opine on two topics:
If you go back to Boolean algebra and the goal to move logical arguments to a purely symbolic and then with Claude Shannon’s insights into a binary variable began with the symbolic argument with four types of functions,
Using this as a beginning point for where we think compute should exist, we think operations and constants belong at the enterprise level or above a chain or a multi chain environment and variables and relationships belong at the smart contract level. This creates the ability to instantaneously re-populate to another layer 1 for a financial instrument if the native layer 1 goes down.
With a "smart cloud" (cloud with automation functions where data is at the edge and has cross enterprise process automation with Inveniam) this provides a compelling full stack solution, for smart cloud data feeding the variables on chain, that the smart contract then drives to a defined relationship (next compute or report in line, with visible or provable proof of process). The smart cloud or a triple ledger solution will be in every single step of the enterprise level or smart contract level calculation. G42
We think of constants as calculations such as a pricing mechanism, using your own proprietary model, or an oracle such as Cushman & Wakefield whose valuation model is not published, using an open source calculation could be on chain. Operations can be governed using our cross enterprise service bus or cross enterprise process automation. This solution embedded in a smart cloud offering finalizes the comprehensive stack.