BUSINESS CASE
Atlas for Finance
Digital finance for the digital economy
Cryptocurrencies have already transformed expectations in the finance industry. Even if decentralized platform infrastructures are challenged by fundamental requirements such as liability, confidentiality, or scalability, digital cash and smart contracts are concepts that resonate deeply in the digital 2.0 era.
Banks have substantial opportunities to disrupt themselves and find growth in new markets where their IT capabilities and trust capital are unmatched. However, current blockchain solutions amplify roadblocks by neglecting audit and compliance requirements and introducing complex governance models
Sky Republic built Atlas as the right blockchain platform for Financial Supply Chains to scale, accelerate collaborative processes, and track assets end to end. Atlas takes blockchain a step further to overcome process and data fragmentation induced by point-to-point EDI or API. It leverages next generation, enterprise-grade smart contracts and SubContracts to ensure transaction level confidentiality. Acting like a clearinghouse, a SubContract uses composite ledgers to make transactions visible only to the parties involved, while reconciling records, assets/tokens, and processes across an entire trading community.
So you can easily implement your most important use cases, Atlas provides the best features of Ethereum, Fabric, Corda, and middleware right out of the box.
“Atlas goes beyond current blockchain platforms to provide capabilities such as automated reconciliation of composite ledgers that can serve financial organizations in their attempt to better track assets and accelerate settlement or compliance processes, with full transparency and confidentiality.”
—Pascal Leroy, Sky Republic Advisor – Former CEO Vermeg, Sopra Group
USE CASE & BENEFITS SNAPSHOT
Atlas for Finance
TRADE FINANCE
Accelerate letter of credit processes and payments
- Integrate supply chain events, automate credit letter reconciliation processes, and release funds faster
- Automate exchanges of enforceable documents to accelerate import bank reviews and export bank invoice factoring, avoid duplicative bills of lading, and facilitate bank guarantees
KNOW YOUR CUSTOMER
Digitize and aggregate compliant records
- Exchange enforceable records to reduce paperwork for KYC, AML, accreditation, and disclosure compliance across organizations
- Aggregate records across organizations to increase accuracy and visibility on transactions
ASSET TOKENIZATION
Offer new services and delight customers
- Employ programmable and fractional ownership of traditional assets with smart securities to increase liquidity, accelerate settlement, and reduce servicing costs
- Automate securities offerings and enable sharing economies in real estate, transportation, lending, or crowdfunding
- Create your digital coin for low-cost money transfers, instantaneous payments, reward contributions, and customer loyalty
PAYMENTS, CLEARING & SETTLEMENT
Track and trace your money and get closer to T+1
- Reduce complexity in multiparty transactions, even across borders
- Improve end-to-end processing speed and the availability of assets and funds
- Suppress manual reconciliation across multiple record keeping infrastructures
- Increase transparency and immutability in transaction record keeping
- Improve cybersecurity by having each participant replay the smart contracts
