Programmable asset


Programmable assets, particularly in the context of finance and blockchain technology, are becoming increasingly important.

Programmable Finance

highlights that programmable finance allows for transactions where every aspect is programmable, including the asset itself, identity, metadata, the contractual relationship (via smart contracts), and regulation. This results in significant efficiency gains and increases liquidity because digital currencies can automate compliance, previously a major expense for banks 1.

NFTs and Programmable Utility

NFTs, as explained by , offer a type of programmable utility where artists can receive royalties from future transactions automatically via smart contracts. This has introduced a new level of programmability to digital assets, allowing for ongoing creator compensation without third-party involvement, and enabling new, innovative applications like displaying digital artworks in virtual worlds 2.

Upgradable Contracts

discusses upgradable contracts in the context of the Ethereum blockchain, highlighting how the USDC stablecoin can receive updates that add new features. These contract upgrades exemplify how programmable assets can evolve over time, maintaining relevance and utility through continual improvement 3.

Programmable Finance

Charles discusses the benefits of programmable finance, where all aspects of transactions can be automated and made more efficient through the use of digital currencies and smart contracts. He also touches on the challenges of balancing the desires of superpowers and creating a fair and balanced system.

Lex Fridman Podcast

Charles Hoskinson: Cardano | Lex Fridman Podcast #192

These examples reflect the diverse applications and benefits of programmable assets, paving the way for more integrated and efficient financial solutions and creative possibilities within the digital economy.