CBDC Deployment and Adoption Solutions
Implement and test real world scenarios for CBDC introduction with our expertise and solutions. Fastrack CBDC deployment and adoption with the leading technology and infrastructure team at the forefront of the KornX enterprise blockchain ecosystem.
Rapidly issue secure and customisable CBDC
Eliminate complex and operation heavy processes of introducing new financial instruments and assets. KornX helps you to easily integrate blockchain technology so you can seamlessly issue and distribute CBDC without frictions.
Ease your CBDC lifecycle management
Streamline compliance, onboarding, lifecycle management, servicing, and distribution with KornX. KornX ensures zero human error, data manipulation, and fraud with single source of truth for all the activities in the CBDC network including issuing, distributing, redeeming (spending or converting to other instruments) and withdraw CBDC.
Automate Compliance
Compliance and regulatory reporting have significant requirements to maintain pace with the rapid financial innovation and evolving regulations, both inter and intra border.
KornX enables CBDC issuance on an immutable ledger with built-in compliance functions and automated real-time transaction monitoring. KornX enables extending varied levels of permissions to relevant stakeholders, giving real-time oversight of the network activities. Compliant CBDC with transparent reporting reduces uncertainty and promotes faster approval and adoption.
Facilitate Real-time Transactions
In case of traditional payment, clearing and settlements can take up to 3 business days or more that impacts cash-flow and the currency value. KornX eliminates any intermediaries enabling near real-time CBDC transactions. These include peer-to-peer transfers, payment at PoS or the eCommerce merchants.
Gain Richer and Deeper Insights with Better Data Quality
KornX’s blockchain transforms the way data is collected, validated and stored, maintaining a single source of truth. Advanced data cleansing and utilisation methods reduces costs and eases the experience of the stakeholders. Artificial Intelligence at the core runs critical analyses to give deeper and richer insights into the activities in the network.
Launch your CBDC solution with KornX
Ask for :-
Proof-of-Concept
Proof-of-Concept(PoC) involves verifying whether different solutions can fulfilrequirements/deliver characteristics which are considered as the successcriteria of a concept. CBDC network has been already validated as a concept andnow requires technical testing to evaluate what features and how they can bedelivered systematically in a cost-efficient manner.
Prototype
A prototype is a limited technical solution that can be used to test individual characteristics or individual system modules. Unlike PoC testing, which generates information on whether a technical solution can deliver a characteristic, a prototype provides additional information on how the characteristic is delivered. For example, core infrastructure prototypes could be developed to test security and capacity-related characteristics without simultaneously testing specific user solutions based on such infrastructure.
Pilot
A pilot typically involves the development of a more complete solution in which all, or most, characteristics can be tested at the same time in relation to thesame solution. At this stage, it is also possible to simulate various use-casesby allowing controlled groups of users.
Sandbox
Sandbox or test networks are often used to involve a diverse range of stakeholders in the testing of innovative new solutions. In the context of the technical testing of a CBDC, this will typically involve the central bank defining a number of fundamental conditions for participation. These may include relevant test cases that provide insight into solutions capable of delivering necessary CBDC characteristics, or conditions related to the technology to be used, for example that it must be based on open-source code.
Live CBDC Network
CentralBank can expand the Pilot stage to launch the complete CBDC network on KornX. Adedicated KornX team will manage, administer, maintain and support the networkplatform for the live CBDC network.
KornX suite of solutions can be tailored to the unique needs of any country wanting to introduce a CBDC. We can help you to effectively integrate CBDC into the country’s existing financial system.
Central Banks
KornX provides an end-to-end solution for designing, minting and managing digital currencies.
Financial
Institutions
KornX is production-ready to launch a pilot and integrate with existing systems.
Governments
KornX can facilitate governments tomake and accept payments in CBDC.
KornX Digital Currency Management Platform for Financial Institutions
The KornX Digital Currency Management Platform is a production-ready digital currency software suite that enables financial institutions to pilot their own and integrate with existing digital currency systems, including CBDCs and stablecoins. The KornX software suite can be tailored to the unique needs of a country’s economy, and to effectively integrate into the country’s existing financial system.
Contact us if you would like to learn more, or to schedule a no-obligation demonstration of our digital currency solutions for financial institutions.
