Strategic Design

This is an example of how a gold-backed digital token would work. A detailed design is at https://broward.ghost.io/golddigr/tactical

Depository: stores gold deposits.
Inventory System: manages gold deposits
Tokenizer: manages token transactions
Blockchain: equivalent to accounting ledger
Key Manager: equivalent to safety deposit box keys
Client: Customer with gold in depository

Assumptions: The depository has an inventory management system which synchronizes with the blockchain.

Here's a simple use case of transferring money:

1. Client sends a transaction to Token API

Example message:

2. Tokenizer forwards message to Key Manager.
3. Key Manager verifies the payer, payee and payer's balance.
4. Tokenizer creates blockchain entry.
5. Tokenizer sends result to client.