Abstract: A major challenge for financial institutions is the
inherent inefficiencies of multiple ledgers within their systems. A
blockchain solution with multiple ledgers for multiple assets
provides a transformation approach to addressing this issue. We
present the all new Catapult blockchain solution platform based
on the original NEM technology and concepts.
An open platform,
the solution is designed to bring down the cost of implementation
and ownership, and is a solution that will power the present and
future needs for blockchain driven solutions. The Catapult
solution is architected to allow for easy integration with most
applications, and therefore is agnostic to existing banking
standards. It allows for interoperability between blockchain
instances thereby permitting shareable and non-shareable data
to co-exist in a homogenous environment.
This paper is
intentionally written to address a wide spectrum of readers.
Keywords: Catapult, Mijin, NEM, Tech Bureau, Dragonfly
Fintech, blockchain, smart contract, permissible chain, open
system blockchain, banking standards, multi-ledger.