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Interoperability Challenges in Tokenized Asset Networks

In: Transactions of ADIA Lab Interdisciplinary Advances in Data and Computational Science

Author

Listed:
  • Thomas Hardjono
  • Alexander Lipton
  • Alex Pentland

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.

Suggested Citation

  • Thomas Hardjono & Alexander Lipton & Alex Pentland, 2025. "Interoperability Challenges in Tokenized Asset Networks," World Scientific Book Chapters, in: Horst Simon (ed.), Transactions of ADIA Lab Interdisciplinary Advances in Data and Computational Science, chapter 7, pages 179-228, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819813049_0007
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    More about this item

    Keywords

    Computational Science; Data Science; AI Applications; Climate Science; Medical Imaging; Sustainability; Interdisciplinary Research; Data Science; Mathematical and Quantitative Finance;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics

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