Atlas for Finance
Smarter finance to accelerate the digital economy
Cryptocurrencies have already transformed expectations for both people and enterprises in the finance industry. Even if decentralized 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. There are substantial opportunities for banks to disrupt themselves and find growth in new markets where their IT capabilities and trust capital are unmatched. However, enterprise blockchain or distributed ledger technologies usually amplify roadblocks to progress by neglecting audit and compliance requirements and introducing complex governance models.
Sky Republic Atlas fits perfectly into complex financial ecosystems and works seamlessly to meet the needs of regulators, authorities and intermediaries in business. Sky Contracts simplify and automate community transaction workflows to distribute data and records of related assets into any database. Atlas Nodes automatically replay Sky Contracts ledgers so that the entire community can benefit from on-the-fly reconciliation and compliance.
From know your customer (KYC) requirements, trade finance, clearing and settlements to tokenization use cases, Atlas provides the maturity of middleware and the substance of blockchain innovation for financial organizations to accelerate their internal processes and offer new digital experiences to their customers at scale.
Atlas potential benefits in Finance
Automate letter of credit workflows, integrating supply chain events, suppressing financial intermediaries, and accelerating payments
Digitize and exchange documents to enable transparent review by import banks and invoice factoring by export banks, avoid duplicative bills of lading, and facilitate bank guarantees
KNOW YOUR CUSTOMER
Digitize records to reduce paperwork for KYC, AML, accreditation or disclosures compliance across organizations
Aggregate records across organizations to increase accuracy and give KYC visibility end to end on transactions
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 economy 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 AND SETTLEMENT
Reduced complexity, especially for multiparty, cross-border transactions
Improved end-to-end processing speed and availability of assets and funds
Decreased need for reconciliation across multiple recordkeeping infrastructures
Increased transparency and immutability in transaction record keeping
Improved network resiliency through distributed data management
Reduced operational and financial risks