[ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities!

[Rigorous]

The KYC procedure/provider is left to the token issuer and the asset purchaser has the capability of disclosing the transaction details to the authorities, on their request.

This seem to be interesting or anywhy something new. Is there some built in functionality of dusk which binds an address to the identity?

If it is left to the token issuer, it sounds rather simple. Just include in the transaction the hash linked to the ID of the purchaser in the database of the token issuer.

Code:

Hash | ID  | KYC OK? | KYC details
-------------------------
2A4F | 001 | Yes     | my-kyc-provider-001
E71D | 002 | No      | my-kyc-provider-002

The trick is to get everyone use the same protocol.

Not sure what is meant with transaction details. What kind of transaction details can we not see already using any other crypto?

[1714489593]

1714489593

[1714489593]

1714489593

[chichidori]

The KYC procedure/provider is left to the token issuer and the asset purchaser has the capability of disclosing the transaction details to the authorities, on their request.

This seem to be interesting or anywhy something new. Is there some built in functionality of dusk which binds an address to the identity?

If it is left to the token issuer, it sounds rather simple. Just include in the transaction the hash linked to the ID of the purchaser in the database of the token issuer.

Code:

Hash | ID  | KYC OK? | KYC details
-------------------------
2A4F | 001 | Yes     | my-kyc-provider-001
E71D | 002 | No      | my-kyc-provider-002

The trick is to get everyone use the same protocol.

Not sure what is meant with transaction details. What kind of transaction details can we not see already using any other crypto?

Taking a hint on the phrase authorities, i guess that private information such as source of funding can only be disclose by the purchaser by him self and no other parties will be involve.

[Makkara]

Taking a hint on the phrase authorities, i guess that private information such as source of funding can only be disclose by the purchaser by him self and no other parties will be involve.

I don't know, i reckon the team will explain how it works. what are the step taken in case the information need to be disclosed to the authorities?

[levyashin]

Public transactions are unacceptable in regulated markets. Think about the consequences of moving millions on an exchange wallet. Even without selling a single asset, just by broadcasting such a tx on an open ledger you can manipulate the market and induce panic selling in a way that is completely illegal.

Public transactions would be a problem in regulated markets, i can understand that but how about semi-public transactions.

Like 7 days or 15 days, later transactions can be seen. No-one can manipulate the market this way and it also keeps the blockchain transparency intact.

[pynetx]

This project's discussion is a little bit too technical but I admire the effort of the team to answer questions from the community and clarify things in a manner that is more comprehensible even to non-technical people.

I have been on this forum for a long time but, never saw any team interaction with this passion and technical understanding.

[the_donald]

This project's discussion is a little bit too technical but I admire the effort of the team to answer questions from the community and clarify things in a manner that is more comprehensible even to non-technical people.

I have been on this forum for a long time but, never saw any team interaction with this passion and technical understanding.

that's good, because to me this is one of the more promising projects that have come for a long time.

[wissy]

This project's discussion is a little bit too technical but I admire the effort of the team to answer questions from the community and clarify things in a manner that is more comprehensible even to non-technical people.

I have been on this forum for a long time but, never saw any team interaction with this passion and technical understanding.

 We all have problems with technical details but thats why this forum exist so we can share information's from all ends and in the end you can bring all the pieces together. Its hard for a single person to do the whole research.

[rjp55]

This project's discussion is a little bit too technical but I admire the effort of the team to answer questions from the community and clarify things in a manner that is more comprehensible even to non-technical people.

I have been on this forum for a long time but, never saw any team interaction with this passion and technical understanding.

I couldn't agree more, i have seen soo many projects failed just because of lacking communication but this team is dedicated and hardworking, answering constantly and easy understandable..

[king_of_alts]

This project's discussion is a little bit too technical but I admire the effort of the team to answer questions from the community and clarify things in a manner that is more comprehensible even to non-technical people.

I have been on this forum for a long time but, never saw any team interaction with this passion and technical understanding.

I couldn't agree more, i have seen soo many projects failed just because of lacking communication but this team is dedicated and hardworking, answering constantly and easy understandable..

This is true. A lot of community managers will tell you marketing nonsense but these guys are really into the tech.

[kraterion]

This project's discussion is a little bit too technical but I admire the effort of the team to answer questions from the community and clarify things in a manner that is more comprehensible even to non-technical people.

I have been on this forum for a long time but, never saw any team interaction with this passion and technical understanding.

that's good, because to me this is one of the more promising projects that have come for a long time.

Security tokens and tokenization of real assets / equities will trigger the next bull run, add security and privacy to that and you get why Dusk will be a prominent ecosystem in the future

[batako]

This project's discussion is a little bit too technical but I admire the effort of the team to answer questions from the community and clarify things in a manner that is more comprehensible even to non-technical people.

I have been on this forum for a long time but, never saw any team interaction with this passion and technical understanding.

 We all have problems with technical details but thats why this forum exist so we can share information's from all ends and in the end you can bring all the pieces together. Its hard for a single person to do the whole research.

By reading all the discussion, slowy but surely we can understand the technical details being presented even though we can't grab all of it. At least one or more community members know how to react, then we can follow behind them.

[PS92]

Do not underestimate the power of FOMO!

Oh yeah, that could absolutely be true. The lower the market goes the more potential profit new entrants could make so there could some big time FOMO in a couple of months.

Just look at the current FOMO volume. Market goes up a couple of 100 bucks and everyone is calling moon again

[Token Williams]

even if the value of btc did not go back to short, a period would be enough in which it lateralises, let's say a few months of relative stability in which the investors can regain trust and start investing again
dusk is already competitive, i hope the team can raise the necessary funds to complete the project...

A "stable" crypto market might be good for a possible ETF as well

[MandatoryOption]

This project's discussion is a little bit too technical but I admire the effort of the team to answer questions from the community and clarify things in a manner that is more comprehensible even to non-technical people.

I have been on this forum for a long time but, never saw any team interaction with this passion and technical understanding.

that's good, because to me this is one of the more promising projects that have come for a long time.

Security tokens and tokenization of real assets / equities will trigger the next bull run, add security and privacy to that and you get why Dusk will be a prominent ecosystem in the future

Yes, the great time for ICOs is probably over. I guess, we'll gonna see more STO in the future. Hopefully, that will bring back the momentum to the crypto market.

[Frank37]

This project's discussion is a little bit too technical but I admire the effort of the team to answer questions from the community and clarify things in a manner that is more comprehensible even to non-technical people.

I have been on this forum for a long time but, never saw any team interaction with this passion and technical understanding.

 We all have problems with technical details but thats why this forum exist so we can share information's from all ends and in the end you can bring all the pieces together. Its hard for a single person to do the whole research.

By reading all the discussion, slowy but surely we can understand the technical details being presented even though we can't grab all of it. At least one or more community members know how to react, then we can follow behind them.

Uhh, its dangerous to follow people. I have seen so many experts which were wrong with their forecasts.
I could have just as well thrown a coin. To look after the experienced members is good, but blind following can lead to big losses.
You need your own strategy and risk managment and the opinion of "experts" should only be a part of this.

[o48o]

Everyone will be able to launch a token on Dusk Network, however, it's mandatory to be regulatory compliant as AML/KYC registration is build into the protocol.

You mean that the person who launch the token in the dusk network has to do build in kyc? (still haven't got a clue how that works). And the person buying the token is probably required to do the kyc by the exchange that trades the token?

We are developing on top of Dusk a new token standard, with configurable confidentiality, which we intend to use to allow issuance of confidential security tokens. Basically the idea is to separate the confidentiality of the cash transactions (thus preserving the fungibility of DUSK) from that of asset ownership transfers, where the purchaser of an asset/security needs to satisfy KYC requirements at protocol level to complete an ownership transfer. The KYC procedure/provider is left to the token issuer and the asset purchaser has the capability of disclosing the transaction details to the authorities, on their request.

Ah, now i got it, thanks. If i only understood half of the whitepaper as well. Every time i skim it, i am thinking to myself "I know some of those words"

[belechau]

There were some events for the participation of Dusk and his representatives, but I did not see record on the topic, maybe I missed it, and the discussion lengthened. But if there is, please let us know, photos, news, articles

[bitcoin-shark]

it would be interesting to see photos and videos of the lasts events where there was dusk, so anyone can launch a new token on the dusk  platform is enough to pass the kyc procedure, excellent...

[niklasmato]

There were some events for the participation of Dusk and his representatives, but I did not see record on the topic, maybe I missed it, and the discussion lengthened. But if there is, please let us know, photos, news, articles

I'd also be very interested to read/see more about this.
Much appreciated if the OP would provide this info.

[Altcoinrusher]

There were some events for the participation of Dusk and his representatives, but I did not see record on the topic, maybe I missed it, and the discussion lengthened. But if there is, please let us know, photos, news, articles

I'd also be very interested to read/see more about this.
Much appreciated if the OP would provide this info.

I agree. I think its a great opportunity for publicity of the project and they should somehow find a way for such events attended by the team to have media mileage which is good for promotion for them.