March 2019
Intermediate to advanced
636 pages
27h 50m
English
We can see that assets are the objects that flow between participants. Whereas participants have a significant degree of autonomy, assets are quite passive. This property of assets is foundational—assets tend to have the most meaning to the counter-parties who exchange them. That's not to say that other participants aren't interested in these assets, but it does emphasize the passive nature of assets. So what makes assets so important? Why are we bothering to talk about these passive objects?
The answer lies in our choice of word—asset. An asset is a thing of value. Even though assets are relatively passive, they represent the value that is exchanged between participants. Look at these example assets again ...
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