STACS BLOCKCHAIN MODEL

How do Financial Institutions fit into the STACS Ecosystem with Blockchain?

STACS Permissioned-Global Networks

 

   Experience synergies in shared networks while preserving proprietary data   

Native STACS Scenarios

  • An individual Bank A (ie. Native STACS 1 and 2).
  • A group of separate Banks A, B and C (ie. Native STACS 3) together
  • Read-veto access rights can be configured for the Regulator (ie. Native STACS 4), in a digital ecosystem with an Exchange, Central Securities Depository and supporting institutions
  • Permitted access can be given to other participants joining the ecosystem (ie. Native STACS 3 and 4).

Global STACS Scenarios

Market participants can experience synergies in shared networks while preserving proprietary data. Moreover, where needed, a permissioned blockchain (ie. a standalone Native STACS) can be plugged to other permissioned blockchains.

Focused on Integration

Tech-stack

Ready-Made Platforms for Capital Markets

 

  Catering solutions to fit the entire securities lifecycle  

STACS Competitive Advantages

 

  Designed for Finance  

  • Each node has programmable business logic, based on Java, to ensure adaptable access controls for changing enterprise needs – including privacy, eligibility, permissions, digital identity, domains and other business parameters.
  • Java was chosen as a stable, established, secure programming language with a global developer base.
  • The STACS Network is customisable to the requirements of individual institutions and business requirements, without affecting other participants of the chain network.
  • STACS SDK Environment is capable of hosting and managing multiple dApps, enabling institutions and external developers to custom-build business applications on top of STACS to scale their business needs, based on open-source SDKs and APIs.
The STACS Policy implements Modular Consortium Governance to offer veto privileges to central regulators and central banks, where needed, for the approval of transactions and other complex governance arrangements.
  • STACS offers speed-to-market within 3 months by deploying a production-ready underlying ledger, connected together with business-ready supporting enterprise applications, to enable a transaction on the blockchain for business conduct.
  • Rather than relying on third-party developers to build costly applications, STACS can provide the market-ready full range of applications.
  • STACS 3.0 achieves transaction finality with our unique consensus algorithm based on a combination of RAFT and PBFT. STACS also offers the customized version of DPOS.
  • STACS 3.0 has a strict lineage order with regards to transaction executions
  • STACS 3.0 provides immutable records for audit trail and data transparency, through a smart contract layer built on Solidity
  • The on-chain Digital Fingerprint profile enables the on-chain enforcement of transactions and conditions through smart contracts.
  • For instance, the asset’s transferability and trade eligibility will be based on the investor’s suitability or KYC/AML standards, while being in compliance with regulations.
  • Staying within data privacy laws, personal information will not be published on-chain.

STACS co-develops use cases with financial institutions to ensure they are meaningful for the industry.

  • Integrated with existing financial platforms and supporting standards
  • Interoperable with other blockchain ledgers – Solidity smart contracts supported, Cross-chain functionality supported with Hyperledger Fabric and Quorum today.
  • Integration of STACS Ecosystems – Native STACS ecosystems are integrated with each other through Global STACS layer

A participating organisation in the network can host multiple nodes under one domain. 

  • Should a node fail in a High Availability (HA) scenario, other nodes will take over. Consensus integrity is maintained with one vote per domain.
  • Node Failover handles Disaster Recovery (DR) which also allows entire network to maintain high uptime service levels

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