Navigation Structure
Table of contents
- Overview
- What constitutes private data in Treasurenet
- Why we need to protect this privacy
- How to protect private data
Overview
Real-world asset production data is audited by smart contracts in the Treasurenet blockchain. By design, different asset classes call respective asset data modules, because each asset class will have unique industry processes.
Asset data modules work in tandem with the Oracle module to validate the asset production record from hardware meters by cross-referencing the production rates with publicly accessible sources, whitelisted by Treasurenet’s DAO governance smart contract.
Upon successful verification of the production data, the TN protocol will allocate the corresponding quantity of $TAT as a reward to Producers.
What constitutes private data in Treasurenet
In Treasurenet, we define some key information of the manufacturers in the real world as private data, such as manufacturer name, address, contact information, specific identification numbers of asset sources, and some licenses issued by the official authorities in real life, etc.
This information is essential when the manufacturers join Treasurenet because we need to verify whether the manufacturers truly possess the ability to mine, produce, or even operate assets in real life. This is very important to all users who participate or join the Treasurenet platform. If we do not review the relevant information of the manufacturers, the presence of substandard manufacturers or assets would bring no benefit to the entire platform and all users.
Once the Treasurenet platform has reviewed the information of the manufacturers and confirmed that they and their assets are genuine and safe, this information no longer has any more use for other functions in the platform. Therefore, we define this information as private data.
Why we need to protect this privacy
Privacy matters for the security of RWAs. Although an asset’s productivity is recorded live and audited to mint $TAT, disclosing sensitive details, such as location and physical owners, may invite unwanted complications. The decision to disclose, or not, should be made by each Producer.
The Treasurenet Foundation encourages each Producer to adhere to all regulations of its jurisdiction(s).
How to protect private data
Simply put, audited RWAs can generate a track record of $TAT, but observers cannot distinguish identifying specifics of the asset.
For physical Producers of RWAs, some information is temporarily disclosed to the Foundation when physical Producers first on-board, because the Foundation needs to perform Know-Your-Business (KYB) to ensure maximum reliability for the on-chain ecosystem.
Once the KYB process is completed, this information will be deleted and any remaining information will be hashed, for Producer self-management functions. No outside observer may identify any Treasurenet linked asset, unless the Producer self-discloses.
Hereafter, only the Producer knows its own asset details after connecting. Any smart contract that audits RWAs is operating on hashed information.