partyID. This service ensures that DA Registry instruments remain accessible even if the technical means of access (such as a participant node) are permanently lost.
Key Functions
- Asset Portability: Moves asset balances from an inaccessible node to a newly verified node.
- Issuer-Led Governance: Provides Asset Issuers with the authority to validate and allow recovery requests, maintaining the integrity of the ledger.
- Auditability: Every recovery action is recorded on the ledger, providing a transparent audit trail for compliance and regulatory purposes.
How the Recovery Process Works
This service restores access to digital assets and identity if the original system (source node) becomes inaccessible. It migrates a userâs âwalletâ and active holdings to a healthy target node without requiring the failed node to be online.1
Identity Migration
The system creates a replica of the userâs digital identity on a new âtargetâ node. This is performed using a secure setup that does not require communication with the original, potentially broken node.
2
Asset Transfer (ACS Recovery)
The service gathers a complete list of the userâs current holdings and active contractsâknown as the Active Contract Set (ACS)âfrom the system operator. These records are then imported directly into the new node.
3
Node Disconnection
To ensure a clean handoff, the original node is confirmed as disconnected from the network. This ensures no conflicting activity can occur during the migration.
4
Permission Granting
Once the identity and assets are moved, the new node is granted the legal and technical rights to act on behalf of the user. This is finalized by the holder signing with their private key
5
Validation and Resumption
The system performs automated tests to confirm all migrated assets arrived safely. The user can then immediately begin performing new actions, such as minting or transferring tokens, from their new node.
Final State: After recovery, the new node functions exactly like the old one, containing both the original migrated assets and any new assets created post-recovery.
- Info for Asset Holders
- Info for Asset Issuers
What the Service Does for You
If you lose access to your node or wallet due to hardware or infrastructure failure, but still possess your private key, you do not lose your underlying assets. The Recovery Service allows you to transition your holdings andpartyID to a new node.How to Access the Service
Prerequisite: You must be in possession of your private key.- Step 1: Reach out to your Asset Issuer.
- Step 2: Submit a Recovery Request for your DA Registry Asset.
- Step 3: Verify your identity with the Issuer.
- Step 4: The Asset Issuer will coordinate with the Registry Operator to initiate the party and holdings replication.
- Step 5: Follow instructions to recover access via a new node and validate your holdings.