Our Technology

Permissioned DLT platform built
for financial markets

The PeerNova Cuneiform® Platform is a permissioned DLT platform that reduces friction in financial markets, resulting in higher revenues, reduced operational cost, and lower risk while improving trust and transparency.

Cuneiform has been purpose-built to meet the unique needs of global financial markets. It provides a trusted decentralized network, where financial institutions and their corporate clients can share data and mutualize business processes on a permissioned shared ledger. This eliminates reconciliations and redundant processing while reducing settlement cost and cycle times. Institutions can unlock additional revenue opportunities by creating entirely new types of financial assets and modeling their complete lifecycle on a permissioned shared ledger. For existing assets, institutions can gain revenue-generating insights from data analytics that combine public on-chain data with their private off-chain enterprise data. They can reap these benefits while maintaining complete participant privacy and transaction confidentiality.

Cuneiform has a flexible architecture that can be used in any market model, across any asset class, with any number of diverse participants such as banks, broker/dealers, exchanges, CCPs and CSDs, investment managers, and corporate end-clients. Cuneiform can be used to build networks that are self-governed, centrally-governed, internal (enterprise) or hybrid.

Cuneiform Platform Features

Permissioned Network

Enables multiple institutions to securely and confidentially share data and business logic on a permissioned shared ledger. Full support for bootstrapping network, including late-joiner onboarding.

Pluggable Consensus

Allows pluggable consensus model that can be tailored to specific legal and contractual agreements between network participants.

Immutable single source of truth

Provides a decentralized, immutable single source of truth with guaranteed non-repudiation for all data and business logic that resides on the platform. Zero-knowledge proof based model enables independent third-party verification of data integrity while maintaining confidentiality.

On-chain data access for off-chain compute

Offloads computationally intensive tasks to off-chain processes while leveraging on-chain data.

Participant privacy and transaction confidentiality

Allows complete privacy of network participants at all times. Transactions are only visible and accessible to authorized network participants.

Real-time State-Tracking

Uses Event Lineage™ to provide real-time front-to-back visibility into transactional states across the network, ensuring early break-detections and faster exception resolutions.

Template-driven Smart contract development

Enables multi-party workflows to be modeled as smart contracts. Business users can quickly create, test, and deploy these smart contracts, using standardized templates without the need to learn a new language.

SUPPORT FOR MULTIPLE DLT NETWORK TOPOLOGIES

Support for self-governed, centrally governed, hybrid, and enterprise network topologies.

Digitizing assets

Using smart contracts, users can create and model the entire lifecycle of new digital assets. Existing assets can also be modeled on the ledger for improved standardization and operational efficiency.

ADVANCED ANALYTICS AND REPORTING

Provides fast and flexible search, streaming real-time analytics, and flexible dashboarding and reporting capabilities for faster decision analysis.

Introduction

Cuneiform® Platform Overview

Reducing Friction

Our DLT Solution
and Customer Benefits

Global financial institutions operate in a highly dynamic and competitive business environment. There are multiple sources of friction both within and across institutions, that pose significant challenges for firms and markets as a whole. These include fragmented data and workflow models, lack of a single source of truth, lack of real-time visibility and transparency, and cyber-security vulnerabilities. The Cuneiform Platform DLT solution can significantly reduce these friction points.

ELIMINATE
RECONCILIATIONS

DLT platforms enable a single source of truth for all data such as account balances, trade positions, and transaction amounts, thereby eliminating the need for reconciliation.

lower
operational risk

Real-time visibility into data as transactional workflows enables exceptions to be resolved faster. These result in reduced clearing and settlement times and lower operational risk.

FASTER TIME-TO-MARKET
FOR NEW PRODUCTS

The ability to standardize data and business logic to mutualize non-differentiating processes between institutions improves operational efficiencies and reduces time-to-market for new financial products, which can be created and transacted entirely on the network.

Reduced
counterparty risk

Agreements can be coded into smart contracts that are executed in a shared and immutable environment. Codifying obligations and prerequisites into immutable smart contracts reduce counterparty risk.

Improved liquidity and capital utilization

Improved transparency driven by real-time data-sharing and asset provenance reduces risk capital outlays and improves liquidity and capital utilization.

Enhanced
Market surveillance

Regulators can maintain monitoring nodes on market networks for real-time market surveillance, thereby improving regulatory efficiency – especially in conditions of high market volatility and stress events. Additionally, immutability and non-repudiated nature of transactions on the ledger reduce the risk of fraud.