There are two popular approaches to defining assets in most blockchain solutions.

Users can use chaincode (for business rules) and membership service (for digital tokens) to design assets, as well as the logic that manages them. There are two popular approaches to defining assets in most blockchain solutions: the stateless UTXO model, where account balances are encoded into past transaction records; and the account model, where account balances are kept in state storage space on the ledger. Each approach carries its own benefits and drawbacks. This blockchain fabric does not advocate either one over the other. Instead, one of our first requirements was to ensure that both approaches can be easily implemented with tools available in the fabric.