0xcert Framework 1.5.0 is out with two important updates

The release of the 0xcert Framework for building powerful dapps on the blockchain was just the beginning. What comes after that, is a continuous work on its improvements and new features.

Imagine you have an asset in your wallet, an ERC-721 compliant non-fungible token. The token’s metadata and relevant docs are stored on the blockchain and represent a digital or real-life physical asset you own.

Whatever happens to your one-of-a-kind precious, it no longer has the characteristics it did once it was created. But you still own it, and its new state still derives from its old one, so you shouldn’t just create a new asset out of thin air and discard the previous one.

What you can do, though, is to update the asset proof.

The update asset proof feature was actually available in the previous versions of the Framework, too, but it was meant for the issuer or the creator of the token.

Now, however, the update asset proof feature can be done in the way that:

If you go and take your luxury handbag to an authorized repair shop and have its handle fixed by a licensed professional, they cannot perform the update asset proof of its digital imprint without the signature of the issuer. They can only generate a claim that the asset had indeed been repaired by them and that its digital imprint ought to be updated accordingly.

Once they generate such a claim adding the new data about the repair service, materials, and the latest state of the asset, it is only the issuer/creator of the asset who can sign and confirm the claim that gets to be executed by the manager of the token.

The process of update asset proof deploys new smart contracts along the way, in order to update the state of the asset proof.

However, the way of generating an asset remains intact, as it is only the order gateway that changes and adapts to the new state of the asset.

This also enables other functions to be incorporated into this feature, like payments via atomic operations, etc.

The update asset proof feature is especially useful as a method of on-chain management of assets, particularly material ones that are more prone to physical changes and environmental influences, but also of digital assets that interact with other digital entities.

Any takers? Based on the community feedback we had after the launch of the Framework, many will appreciate this update.

If you have worked with the 0xcert Framework and its atomic operations so far, you know that it was based on the principle “from A to B”, or in Framework terms, an atomic order was generated between just one Maker and one Taker. The order was purely arbitrary, with fixed participants, traded items and values, and a set time of validity.

The 0xcert Framework 1.5.0, however, brings the feature of a marketplace to its users.

What does this mean? Well, instead of one Taker, there could be several or any Takers willing and able to make a trade with you.

The role of the Maker remains the same — to generate an order, determine what assets are to be traded, and what they want in return.

The role of the Taker, on the other hand, can be taken by anyone that fits the requirements of the order that the Maker set.

The power of the atomic operations that the 0xcert Framework provides is still there and doesn’t go anywhere. If anything, it just got a whole lot stronger, since it works for any parties willing and able to participate in a trade, too, not just for one chosen Taker.

This means you can choose between two options for your atomic orders:

This provides not only more democratic participation of dapp users but also speeds up the process, as the Maker does not need to spend time finding the right Taker to fulfill his order wishes and performing an arbitrary atomic trade.

This latest addition was not executed as per the Roadmap in our Whitepaper — the Any Taker feature was indeed planned for the v2 of the Framework, but since our community was eager to use it sooner rather than later, we’ve developed and added it ahead of planning.

We hope this new version of the 0xcert Framework will add to its usability and versatility.

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