Legal Token Protocol Documentation

LTP introduces a standardized framework for representing legal rights, property ownership, and contractual interests on the blockchain. This documentation provides comprehensive information about the protocol's architecture, implementation, and use cases.

Core Features

Three-tiered token system for comprehensive legal representation
Cross-chain compatibility for maximum flexibility
Built-in compliance and validation mechanisms
Automated legal rights management

Protocol Architecture

LTP consists of three interconnected token types that work together to create a complete legal rights management system:

Technical Implementation

            protocol: `${LTP_PREFIX}/${TOKEN_TYPE}`, version: "1.0", timestamp:
            Date.now(), tokenId: unique_hash, issuer: public_key
          

Identity Tokens (ID)

Identity tokens serve as the foundation of the protocol, representing legal entities and managing their credentials:

Identity Token Specification

            { "protocol": "LTP/ID", "version": "1.0", "identity": { "tokenId":
            "[hash]", "publicKey": "[key]", "name": "Legal Name", "type":
            "individual|corporation|trust", "verification": { "method":
            "verification_type", "credentials": "credential_data" } } }
          

Property Tokens (PROP)

Property tokens establish the link between assets and their owners while ensuring jurisdictional compliance:

Property Token Specification

            { "protocol": "LTP/PROP", "version": "1.0", "property": { "tokenId":
            "[hash]", "identifier": "unique_id", "type": "property_type",
            "jurisdiction": "legal_jurisdiction", "owner": "identity_token_id",
            "details": { "property_specific": "details" } } }
          

Interest Tokens (INT)

Interest tokens manage the rights and obligations associated with properties:

Interest Token Specification

            { "protocol": "LTP/INT", "version": "1.0", "interest": { "tokenId":
            "[hash]", "propertyTokenId": "property_token_id", "type":
            "lease|lien|easement", "holder": "identity_token_id", "terms": {
            "interest_specific": "terms" }, "validity": { "start": "timestamp",
            "end": "timestamp", "conditions": [] } } }
          

Protocol Operations

Token Issuance

Identity verification and token creation
Property registration and tokenization
Interest creation and validation

Token Management

Transfer of interests
Modification of terms
Termination and expiration

Use Cases

Real Estate

Property registration and title management
Lease agreements and rental contracts
Mortgage and lien tokenization

Corporate Rights

Shareholder agreements and voting rights
Intellectual property rights management
Corporate governance structures

Financial Instruments

Security interests and collateral management
Investment vehicle structuring
Debt instrument tokenization