Digital asset modeling

A system for authorizing a modeled digital asset and its evolution with respect to rights of a plurality of parties, the system, associated with a first authorizing party of the plurality of parties, comprising:

• one or more processors;
• and
• memory storing instructions that when executed by the one or more processors, cause the one or more processors to:
• determine the rights of the plurality of parties with respect to the digital asset, wherein the digital asset is disposable through execution of a first function instance, the first function instance including at least a first choice defined therein for disposition of the digital asset;
• receive a proposed transaction configured to update an append-only ledger maintained by a plurality of distinct nodes of a computer network, the proposed transaction including one or more proposed ledger entries resulting from the execution of the first function instance, wherein the system is a private node entitled to receive information pertaining to the proposed transaction;
• receive an authorization request from a requesting node
• receive consent of the first authorizing party to authorize immediate and future ledger execution impacts of the proposed transaction;
• digitally sign, after receiving the consent of the first authorizing party, the at least one of the one or more proposed ledger entries to provide authorization of the at least one of the one or more proposed ledger entries;
• send the authorization of the at least one of the one or more proposed ledger entries to the requesting node to allow execution of the first function and storing of the results of the executed first function as a committed transaction in an updated append-only ledger;
• and
• receive at least part of the updated append-only ledger.

A non-transitory computer-readable medium storing instructions for authorizing a modeled digital asset and its evolution with respect to rights of a plurality of parties, the instructions, when executed by the one or more processors, associated with a first authorizing party of the plurality of parties, cause the one or more processors to:

• determine the rights of the plurality of parties with respect to the digital asset, wherein the digital asset is disposable through execution of a first function instance, the first function instance including at least a first choice defined therein for disposition of the digital asset;
• receive a proposed transaction configured to update an append-only ledger maintained by a plurality of distinct nodes of a computer network, the proposed transaction including one or more proposed ledger entries resulting from the execution of the first function instance, wherein the one or more processors are part of a private node entitled to receive information pertaining to the proposed transaction;
• receive an authorization request from a requesting node
• receive consent of the first authorizing party to authorize immediate and future ledger execution impacts of the proposed transaction;
• digitally sign, after receiving the consent of the first authorizing party, the at least one of the one or more proposed ledger entries to provide authorization of the ledger entries;
• send the authorization of the at least one of the one or more proposed ledger entries to the requesting node to allow execution of the first function and storing of the results of the executed first function as a committed transaction in an updated append-only ledger;
• and
• receive at least part of the updated append-only ledger.