Likely the best approach. Any pipeline registering for pipeline control will be assigned an address by the notaries. Then the notaries have observe only privilege in the pipeline. But it eases the burden in interfacing to a variety of ledger services, and trying to manage wallet addresses. In this way there is actually no external code manipulating the pipeline wallet, except owner approved protocols.
So, for a given protocol, store local, means let the current kernel hold the access key. It is always the safest place and protocols are proved segmented and non interfering.
Bearer assets are locked by contract in protected pipelines for their lifecycle. General large assets get ledgered first. No risk, really. As we can already see various notary services are available. I could lay the pipeline for this in headers, but I can't do the detailed work, I wander. But we can see this layer clearly, our transport layer, the ledger. The pipelines offering self routes integrated wallet address per pipeline allows managed protocols in closed environment for notaries.
Keep the metaphor, a wallet per pipeline, pipeline control code sets the interface. Send me my check.
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