The Infrastructure of Trust is implemented on the KoreChain, which is a fully permissioned blockchain that has no risk of forking, no mining fees, and no gas fees. The KoreChain is highly secure, with recourse for faulty transactions, and secure custody for all digital assets. This makes it less appealing to crypto-thieves and bad actors. The KoreChain is highly scalable with high throughput and minimal economic waste or environmental impact.
Server machine that resides in a secure data center.
Hyperledger Fabric, which is an industrial-strength, permissioned blockchain.
The KoreChain (which is built on Hyperledger Fabric).
Smart contract software code, also called chaincode, that represents securities transactions.
• Endorse transactions, which means the chaincode that runs on the KoreNode checks for the validity of the transactions. The documentation for this code is provided to the KoreNode owner and a number of tests can be run to ensure that the tests conform to the requirements of the validity of the transactions.
• Maintain a copy of the distributed ledger of transactions on the KoreChain.
• Onboarding New Shareholders
Shareholders that are on the KoreConX platform are onboarded to the ATS platform through the KoreNode in a cryptographically secure way that also provides the ATS Operator the confidence that the data is verified and untampered.
The KoreNode operator can also onboard counterparties that may not be on the KoreChain, or to leverage the information on the KoreChain in case the counterparty is already on the KoreChain
• Ensure Credibility of KYC ID and AML Verifications
Re-run KYC on expiry
AML for money-based transactions
KoreContracts, written in Golang, are fully-compliant smart contracts that include judicial foundations, Ricardian encoding, and full referenceability of transactions to contract clauses.