Digital money: global markets and the coming revolution in cross-border settlement
Programmeable money, whether in CBDCs, wholesale stablecoin or commercial stablecoin, has the potential to change our banking systems for the better. We recently discussed potential operating models in our whitepaper, Implementing a CBDC: The challenges and a solution. There are tremendous benefits to be realised for security, cross-border payment efficiencies, privacy, financial inclusion and economic growth.
On 24 February 2022, Gilbert Verdian, our CEO and Founder, will bring these insights to a panel discussion, Digital money: global markets and the coming revolution in cross-border settlement. He will join experts from Accenture, Ripple, SDX, RTGS.global and the Digital Pound Foundation to share ground-breaking use cases for CBDCs, commercial and retail bank interoperability, security design, standardisation, and how smart money can prevent fraud.
Feature
Overledger 2.x
Overledger 1.x
Authentication
OAuth 2.0 standard (allowing SSO)
Proprietary (BPI Keys)
Functionality
In API, seamless updates
In SDK, re-download for updates
Standardisation
Full abstraction across all DLTs
Partial, DLT-specific edge cases
RCG Framework
REST / JSON APIs from OVL Core
Proprietary P2P (experimental)
Time to Deploy
32 minutes (CI / CD pipelines)
1-2 weeks
QNT Utility Token / Treasury
Optimised, audited smart contracts
Experimental smart contracts
Microservices
Optimised to scale fast – 23 Microservices
Hardened proof of concept
– 9 Microservices
Transaction Routing Algorithm
6 factor, game theory optimised
Experimental P2P emergent
Databases
Cloud native (scaling / resilience)
Standalone DB deployments
Cross-DLT Implementation
REST API calls direct to OVL, integrated smart contract back end
SDK-based Javascript
apps call smart contract functions
via OVL
