with KornX
The Programmable Currency Distribution and Exchange Network enabling the digitization of National Currencies
KornX is an ecosystem solution for the Central Banks, Commercial Banks, PSPs, TPPs, Merchants and Consumers, that enables the participants to issue, redeem, transfer and exchange Digital Currencies, globally.
KornX network has been developed over the last 3 years keeping in mind all the capabilities that any Central Bank and other participants in the ecosystem will need to launch and operate a CBDC.
KornX is a permissioned DLT network implemented on Hyperledger Fabric. KornX CBDC network is the combination of an Account-based Closed DLT Network, a Register-based (Token) System and a Currency Distribution System.
The team has over 150 years of collective experience in payments and high volume transactional system, with expertise in running programmable digital currency network on blockchain for reward points and other token ecosystems.
KornX is a ready to support Central Bank's CBDC initiative. The sandbox has been pre-configured to support a list of essential use cases for PoC and pilot.
KornX network is integrated with existing payment network (via SEPA, BACS, ACH etc.) and the architecture is compliant with regulations such as GDPR, PSD2, SCA.