In this episode, Jonny Fry (co-founder of TEAM BLOCKCHAIN) and David Parsons (founder of NiftyOne) discuss the challenges and solutions related to storing and managing digital assets, especially with the rise of central bank digital currencies (CBDCs) and stablecoins. Together they highlight how, in the past, banks managed physical assets and accounts, but with digital assets, individuals now bear the responsibility of managing their own assets, which requires reliable hardware and software.

David addresses these challenges by talking about possible solutions for digital assets. This includes devices that are radiation-hardened and can withstand extreme conditions, resembling a large coin for physical security. They offer redundancy through twin devices stored in secure locations to prevent loss. The system also incorporates two-factor authentication and spending limits to prevent theft and unauthorized transactions.

The technology behind Nifty One comes from the defense industry, ensuring high security. It uses NFC for easy transactions, making it practical for everyday use, like buying coffee or a car. The solution aims to provide a tangible, secure way to store and use digital assets, addressing the need for infrastructure as digital asset adoption grows. For more information, visit https://niftyone.co.uk/index.html.

NiftyOne enables institutionally compliant liquidity for any Real World Assets (RWAs) on its digital asset wallets. It provides the necessary tools, systems, infrastructure and global liquidity for the creation, management, titles of ownership of real (tangible or intangible) ‘property’. NiftyOne has created  business processes and liquidity enabling the title of assets to be used in real time for the payment of goods and services. Its software technology and systems have been developed to support the creation of legally recognised and institutionally compliant titles of property in a process known as RWA ‘tokenization’.

Participants:
Jonny Fry: https://www.linkedin.com/in/jonnyfry/
David Parsons: [email protected]

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