Clément Salaün

Roadblock Title:

The color of money: Rethinking fungibility in digital ledgers

Time:

Tuesday - 2:00 PM (Tower D)

Abstract:

Fintechs should see themselves as being in the business of warehousing promises from partner financial institutions to their end users, rather than forging their own. Although we often think of funds in digital ledger systems as fungible, promises are not. Assuming fungibility introduces distinct roadblocks to implementing effective flows that account for factors such as fund location and risk.

In this talk, we explore the concept of Color of Money: a financial data design pattern that can and should be used to answer fine-grained questions about the specific relationships between assets, liabilities, and their interconnections.

Bio:

Clem is the Co-founder and CTO of Formance, an open-source financial infrastructure company. Leveraging a decade of experience building payments systems at scale, Clem is on a mission to help engineers at the intersection of software and money build sophisticated and reliable systems.