yes, yes and yes.
The confidential asset would be stored privately by the issuer - using their own centralisation (which is important for assets which will be utilised for confidential purposes) - all the while running on the back of the Beam network, which will remain a truly decentralised platform, continuing to produce a valuable currency by proof-of-work.

Let's discuss how Confidential Assets will be implemented and used on Beam? https://medium.com/beam-mw/mimblewimble-confidential-assets-b33539eb7033

thanks for your questions.

1. Opt-in auditability will not be backwards compatible for previous transactions, moreover the user will be able to enable the wallet for future transactions when the feature is fully deployed. This will allow audit by third party or external group (for example tax regulators etc). So enablement of opt-in auditability will not show any transactions which are made previous to the 'opt-in'

2. Confidential assets will be a service available to third parties who wish to tokenize their assets, in a secure and private way. An example might be company shares where a company wishes to keep all share info on the Beam blockchain, and allow dividends to be paid to shareholders in their confidential asset token. This would allow full privacy - unlike ERC20 tokens on other blockchains which are pseudo-anonymous in a public ledger.

3. Yes, we are currently working on one-sided payments and initially the Trezor T hardware wallet. Once all the heavy work has been completed on the Trezor T and it is able to carry Beam, then we will expand to other hardware wallets.




i hope this answered your queries

Submit your questions to our CMO for the forthcoming AMA here: https://docs.google.com/forms/d/1i1zAvCcXTudgms_EpjSMk3Wol4nTKKUdVMshCgX3Y2A