Admire suggestions on provenance monitoring for shares as RWAs on Ethereum

Hello everybody,

I'd actually recognize some suggestions on one thing we're constructing on Ethereum. That is just about my first time doing this, however my co-founder is far more skilled, he's been a Web3 engineer for a very long time.

You most likely know there are already some tasks placing public shares on-chain as RWAs. What we're attempting to do is a bit completely different: deliver the precise chain of custody on-chain for these shares. The difficulty with regular shares is that they're completely fungible so you’ve gotten zero clue who owned it earlier than you. We wish to monitor that historical past to unlock some "cultural premium" worth as an RWA. Type of like NFTs however for actual shares.

For instance think about proving your TSLA share was as soon as held by Elon Musk. That sort of story most likely makes it value extra to some individuals.

To make it work we take verified shares (held in correct custody) and wrap them as provenance-wrapped shares on Ethereum sensible contracts, utilizing one thing like ERC-1155 for semi-fungible items, and report the complete possession chain in metadata or on-chain occasions.

We're nonetheless in the course of constructing, no stay contracts or precise buying and selling but. Simply attempting to get actual opinions early and determine if we're onto one thing or is that this simply dumb as hell.

It might imply quite a bit to listen to what Ethereum individuals assume:

Does provenance monitoring for equities as RWAs really sound helpful/helpful, or is it sort of a gimmick?

You possibly can try the demo to see how we're interested by it in follow:

Thanks a ton for any ideas!