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Author Topic: Introduction to Secure Asset Exchange  (Read 11260 times)

SAE

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Introduction to Secure Asset Exchange
June 05, 2014, 09:01:34 pm

Secure Asset Exchange (http://www.secureae.com/)

Is focused on enabling the web-based creation, purchase and resale of

"Trustworthy Decentralized Assets"

that will exist wholly on Nxt’s innovative Decentralized Asset Exchange infrastructure.

Our goal is to make Nxt’s Decentralized Asset Exchange easily usable for large professional investors (Hedge Funds, Private Equity and Investment Banks), by giving them access to decentralized assets in a web-based way that already makes sense to them. If successful, SAE will substantially increase transaction volume through the Nxt network by reducing the “friction” these investors must currently overcome to access Nxt decentralized assets. 

We believe that an exchange/marketplace is only as good as the inventory which it allows access to eg: would you go an empty bazar? Therefore, the long-term future of the Secure Asset Exchange (and the Nxt asset exchange) is helping revenue generating companies issue high quality assets that are capable of things like realtime revenue sharing. We believe that high quality asset holders/issuers will *eventually* need a company to facilitate the issuance of their decentralized assets in a way that utilizes the full potential of the Nxt blockchain eg: realtime revenue sharing; while also successfully navigating all the relevant legal requirements based on a well thought out decentralized asset issuance workflow.

First and foremost we want to thank the Nxt community for the countless hours of thoughtful development that has gone into making Nxt what it is today. We would not be able to exist without the passion that this community has for making a significant change in the world. We hope to help the Nxt community remain a thriving environment for great developers to do amazing work like the Nxt decentralized asset exchange.

Secure Asset Exchange is the product of many long nights of coding by Kushti (Nxt core developer), Wesleyh (the one and only), Scott Tuddenham, Pedro Ha, Steve Ellis and Sergey Nazarov (www.linkedin.com/in/sergeydnazarov/). With the help of valuable introductions from David at http://nxt.org/, thanks David. We are excited to meet the many other active members in the Nxt community and if you message this account directly we will be glad to do an introductory call or chat.

Thanks for taking a look,
The SAE Team


-----------------------------------------------------------------------------------



Nxt: 3007421277286119380
« Last Edit: June 06, 2014, 07:48:17 am by SAE »

wesley

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I’ve been working closely with this team for some time and am very impressed. Sergey is a very intelligent person and has some very innovative ideas on how to use the NXT asset exchange, that could quite possibly put us ahead of the competition (in my humble opinion). Great to have him and his team onboard.

Ezravdb

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Those letters remind of the distrocoin exchange logo
head

Uniqueorn

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This project is definitely one of the most exciting developments right now.
Their implementation and plans for the future will help both NXT and all assets listed on the AE.
It's a major step in making the NXT AE function mainstream and removing barriers between laymen and the NXT platform itself.
I know the team working on this has been working very late nights to make this happen and using the end product tells me their time invested was well worth it!

NXT Organization: Networking

Thames

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Nicely done guys.  8)

Almost felt like Bitfunder for a minute!

kushti

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Happy to be part of the team(it's hard though to be part of two teams, NXT core also). Maybe product is simple for now, but roadmap is enormous :)
for donations / messages: NXT-PKXM-WH25-UXXG-CJAVD (alias: kushti)

ebby

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Wow! I like the UI!!!

Tips and donations are much appreciated.
NXT: NXT-HPW9-EC4H-KJPT-7STQV (Hallmarked 100% solar powered cubietruck node (uptime 107 days!). If this is not Green, what else?)

subSTRATA

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If I understood it correctly, it is about access to AE via web using centralized server - a web wallet sort of thing but for AE exclussively. If yes, you really
think large investors will trust you? I think they won't. If it is not centralized server than how it actualy works? Is SAE some sort of a proxy? How much
damage and what sort of damage hackers can do if they hack SAE?
« Last Edit: June 05, 2014, 11:22:36 pm by subSTRATA »
10k is a premium NXT asset which represents a collection of 10,000 NXT aliases.

allbits

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+1

These are important and interesting questions.

bitcoinpaul

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Interesting. Is it a centralized solution for a core feature and Kushti and Wesley are on board? Could become a PR problem for Nxt.
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komputor

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FYI - From their website - "There is no central server that controls this exchange, all trades happen on multiple NXT nodes which check each other, creating secure assets that are accessible only by asset owners."

allbits

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FYI - From their website - "There is no central server that controls this exchange, all trades happen on multiple NXT nodes which check each other, creating secure assets that are accessible only by asset owners."

We already know that.  That is a description of the nxt network for the benefit of a total newb.

The questions asked by substrata and bitcoinpaul are completely different.  Is there a centralized server providing access to the network?  And how is it working?  What are the security implications? etc. etc.

wesley

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It works like any other public node, the password is never submitted to the server, the transaction is prepared and signed locally.

bitcoinpaul

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It works like any other public node, the password is never submitted to the server, the transaction is prepared and signed locally.

Thanks.
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achim

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Wow! I like the UI!!!

Me too! Will the NRS contain charts like this in the next release?
NXT-7ML4-22U8-QNXK-22222

wesley

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Wow! I like the UI!!!

Me too! Will the NRS contain charts like this in the next release?

Not until AE operations are saved to DB and an API is made available to get this kind of data.

apenzl

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pandaisftw

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Wow! I like the UI!!!

Me too! Will the NRS contain charts like this in the next release?

Not until AE operations are saved to DB and an API is made available to get this kind of data.

Once the chart functionality is integrated into NRS, I think as you said earlier, it's just basically a (secure) public node? Or is there other functionality I am missing?

Pandaisftw

Riker

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Questions:
1. Except for the nice charting module what other benefits are provided by this site compared to the NRS client ?
2. How can I trust submitting my passphrase to trade.secureae.com ?
NXT Core Dev
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Public Key: D8311651 Key fingerprint: 0560 443B 035C EE08 0EC0  D2DD 275E 94A7 D831 1651

bitcoinpaul

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It works like any other public node, the password is never submitted to the server, the transaction is prepared and signed locally.
Like my Avatar? Reply now! NXT-M5JR-2L5Z-CFBP-8X7P3
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