ResearchTech-Finance2026-10-28
Fractional transfer of digital warehouse receipts: a hash-tree parent splits into leaves, 5kt rubber pledged to two banks
A 5,000-tonne standard rubber receipt need not be pledged as a whole. A SHA-256 hash tree splits the parent receipt into independently endorsable leaves — 2kt to bank A, 3kt to bank B — while the parent locks its state to block over-financing. The structure releases liquidity on large receipts and pins the bank's enhanced due-diligence requirements to each separate title.