The concept of asset tokenization is one of the main blockchain applications and the company investigated developing and selling this concept. Apart from company “tokens” or shares, it would also make it possible to buy and sell shares of real estate, art, and other assets. This project was an mvp and in the market research stage to see if this was a viable business case for us.
Off course, at the beginning of every process, you start with researching who the users are (will be) and start structuring the application. As the main users would be Bank or asset management employees, and they would practice partial information gathering over a number of days/weeks, it was important that we created a process that was completable in one go, as well as being saveable and have the possibility to add information at any point in time to any part of the process. This means it’s built as an un-sequential flow. You could save the draft of your asset token issuance and continue with it at a later stage. This is perfect for banking employees (the users of this platform) gathering all the necessary information from the issuer (the one holding the asset). These parties may or may not be together completing the process, which makes this a rather important feature.
First step was investigating structure and features, as well as doing some rough wireframing.
Below is an example of the signing process research structure.
Some rough wireframes where we were trying out some features and ideas, like for example integrating 3rd party providers for certain legally required steps in the issuance of an asset token. Some rough wireframes of the process and dashboard:
After this research phase and some research rounds where we talked to potential clients about what they actually expected of this solution we came to a more definite vision for our product, and we could start bringing it to life through wireframes.
First step was creating the wireframes:
After creating the wireframes it was time to go deeper into design. We wanted a light and professional interface with very clear fields. By utilising a step by step process with a clear progress bar it was easier for the users to keep track of their progress.