In the financial industry, data integrity has long been a concern for stakeholders and regulators. It is difficult to vouch for data accuracy and data consistency from the time data is stored (or modified) to the time data is presented.
Blockchain-inspired technology brings cryptographic proof and validation to the financial industry, thereby enforcing discernable assertion of data and its lineage. Additionally, blockchain-inspired technology can help protect data from modification, corruption, distribution, or disclosure.
PeerNova combines the best of Blockchain with Big Data and Cloud to uniquely enable financial institutions to securely and verifiably manage their data and address their reconciliation, audit, and compliance challenges.
Greater scalability and performance than a PoW or Distributed Consensus System. Uses RF3161 and Widely Witnessed Evidence for attaining immutability.
Cryptographic verification on partial data sets for greater privacy, security, auditing or counterparty verification. Redaction allows verification even without full visibility into data.
Cuneiform provides cryptographic verification of business rules and contracts by independent 3rd parties including counterparties, auditors, and regulators.
PeerNova is an established leader in the Distributed Ledger Technology (DLT) space and is currently working directly with financial institutions to solve their specific audit challenges. PeerNova’s patent-pending technology provides a foundational data platform, which can be easily integrated and customized to address specific customer needs.
PeerNova is currently engaged in three use cases for its Cuneiform technology: Financial Transaction Book of Records, Lineage of Capital, and Post-Trade Ledger.
