Archive
Market infrastructure, from the years when the pilot was the product.
Clearing, issuance and a shared register were the questions. Many pilots stopped because a database and a legal agreement were enough.
How to use the pile
Read a historic PDF as what an institution hoped a shared record would do. Then read the digital-asset stack for the layers a system still needs: claim, register, custody, identity, settlement, and an operator. A pilot write-up is not evidence that the system was built.
