Interoperability Challenges in Tokenized Asset Networks

Thomas Hardjono, Alexander Lipton and Alex Pentland

Chapter 7 in Transactions of ADIA Lab:Interdisciplinary Advances in Data and Computational Science, 2025, pp 179-228 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The recent recognition of digital assets by the EU Markets in Crypto-Assets (MiCA) regulation is a landmark event in that it opens new horizons for opportunities in tokenizing real-world assets. However, numerous challenges await the development of the Web3 tokenized asset networks that may utilize decentralized ledger technology. A major challenge concerns the interoperability of token networks, both at the network technology layer and at the asset definition layer. A new generation of decentralized computing infrastructures will be required to support the issuance and management of asset-referenced tokens. This paper touches on several of these multilayer challenges and discusses the use of standardized service interfaces (application programming interfaces [APIs]). Standardized APIs have been the foundation stone for the success of the Web2 internet, and several lessons can be learned from its evolutionary development.

Keywords: Computational Science; Data Science; AI Applications; Climate Science; Medical Imaging; Sustainability; Interdisciplinary Research; Data Science; Mathematical and Quantitative Finance (search for similar items in EconPapers)
JEL-codes: C45 C63 G11 Q54 (search for similar items in EconPapers)
Date: 2025
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