Start with a defined asset, service or receivable. Connect measurements, contractual rights, party obligations and the rules governing the digital instrument.
Sequence
1. Identify the asset, owner, data and associated rights.
2. Verify performance and payment sources; identify debtor and beneficiary.
3. Select the legal structure, jurisdiction and required participants.
4. Define issuance, transfer, retirement, settlement and recordkeeping.
5. Test bad data, system failure, default and operator replacement.
6. Implement after the instrument's conditions are met; service it and preserve history.
Each right has its own scope and basis. Account separately for energy, capacity, flexibility, origin, financial benefit and receivables. Allocation records prevent duplicate transfer of the same entitlement.
Enforceability and settlement finality depend on the applicable structure. Software execution follows contractual authority. Orbital applications also require checks for communication delays, autonomous operation and record recovery.