How it works

Schemas

Schemas play a pivotal role in the Asset Register ecosystem. They exist within a specific namespace and provide a comprehensive description of an asset. The goal is to define the capabilities of an asset for linking, ensuring that any applications interacting with these assets can interpret and represent them correctly. These descriptions are crucial for seamless integration between various assets.

To achieve this, the Asset Register utilizes schemas. These schemas are registered both on-chain and off-chain through the Asset Register API. This process ensures that information about an asset's properties and compatibility with other assets (i.e. asset links) are globally accessible and permanently stored.

Asset Schema

The Asset Schema is a detailed specification outlining the properties of an asset and its compatibility with other assets through asset links. These schemas should be stored in a globally accessible and permanent location. Moreover, they need to be registered against specific assets. The Asset Register facilitates the registration of these schemas, allowing Futureverse teams to store them on a dedicated namespace.

Namespace

In the Asset Register, a namespace is a container for organizing and presenting schemas. It serves as a centralized mechanism to group related schemas together. This organizational approach is crucial for efficient management, preventing naming conflicts, and improving overall code organization. In the context of Futureverse, namespaces play a vital role in grouping schemas for internal use.

Asset Linking

Asset linking is a fundamental activity within the Asset Register and is executed through transactions. This process is crucial for establishing relationships between different assets. Oracles actively monitor these transactions to ensure that asset links are consistent with the on-chain ownership of assets. This validation guarantees the integrity and accuracy of the linked assets.

Ownership Resolution

Ensuring accurate ownership information within the Asset Register is paramount. The ownership status of assets correlates directly with user access. This correlation is vital for maintaining the security and integrity of the asset ecosystem. Ownership resolution mechanisms are in place to guarantee that asset ownership aligns with the specified user access.

Transactions

Transactions are how actions are committed to the Asset Register. Assets are linked via transactions that are executed in an authenticated and unrepeatable manner. Every action, including those involving oracles, must be explicit. This ensures the security and transparency of the Asset Register, preventing unauthorized or duplicate actions.