We implemented the automation of a real-world Bilateral Derivatives Over-The-Counter Post Trade Confirmation financial transaction model adopting the Corda permissioned blockchain technology; this kind of transaction is currently performed manually by specialized clerks in most private banking organizations. The proposed solution design is an innovative certified sequence of the workflow states of the transaction, based on the asynchronized interaction among two parties through a smart contract coordinated and validated by the notary node. We show the business logic model of the application and the flow diagrams compatible with the current Corda R3 distribution.

Case Study: The Automation of an over the Counter Financial Derivatives Transaction Using the CORDA Blockchain

De Gasperis G.
;
2021

Abstract

We implemented the automation of a real-world Bilateral Derivatives Over-The-Counter Post Trade Confirmation financial transaction model adopting the Corda permissioned blockchain technology; this kind of transaction is currently performed manually by specialized clerks in most private banking organizations. The proposed solution design is an innovative certified sequence of the workflow states of the transaction, based on the asynchronized interaction among two parties through a smart contract coordinated and validated by the notary node. We show the business logic model of the application and the flow diagrams compatible with the current Corda R3 distribution.
978-3-030-86161-2
978-3-030-86162-9
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11697/170971
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