A simple iso20022 to ethereum messaging interface built on a multi-currency distributed ledger smartcontract providing a clearing and settlement mechanism.
- allow partner banks to explore the opportunities distributed ledger technologies can provide to domestic and international clearing and settlement.
- built to meet the requirements stated in the draft SEPA Instant Credit Transfer (ICT) rule book
- built on Ethereum with a module architecture to allow migration to other distributed ledger technologies (eg. Corda, BigChainDB)
- provides a credible alternative to the incumbent clearing and settlement market infrastructure (ie SWIFT)
- allow partner banks to pilot cross-border mutli-currency clearing and settlement