Which made for the purpose of building and interconnecting national CBDC networks. With the smart use of advancements in DLT (Distributed Ledger Technology) our platform is designed to provide all tools necessary for easy deployment, configuration and management of custom CBDC networks and external financial systems.
Using a lightweight consensus mechanism and sharding approach, our platform is designed to achieve commercialisation viability by maximising scalability and flexibility of the underlying network, while providing regulatory compliance by creation of separated, yet interconnected, compliance zones for each CBDC network.
It’s a system designed with the idea of bringing technological and economical innovations of digital currencies to existing financial systems, and making them easy to utilise, manage and understand by both enterprises and retail customers.
It’s a network of interconnected, well-defined and uniquely customised subnets in which each one represents a separate compliance zone with custom-made transactional rules, network participants and owners. Each one fully equipped with tools and applications allowing creating further innovations with high-level abstraction.
Fluency Aureum is a network of interconnected distributed ledgers, which have been specially customized towards the use and development of highly available and feature rich financial systems. It is a platform that can be used as the foundation for emerging CBDC networks, the intermediary for the existing ones and to bridge the gap between DeFi and CeFi.
From the highest point of view, Aureum is a sharded network of permissioned blockchains. Each one represents a single compliance zone with a separate set of network administrators and managers. The responsibility of the first group is to configure the network, manage protocol execution rules and supervise assets creation, while the second group is responsible for maintenance, dispute-resolution and innovation with the use of tooling provided alongside the network.
Additionally, administrators fill the most important role of managing internal and external monetary policy around the assets created and owned inside the network. They directly engage in setting up internal transfer rules and external trust channels.
Each blockchain in the network runs in parallel and is provided with the tools allowing creation and management of custom assets that can be either transferred internally, programmed with built-in or custom triggers and constraints and/or programmed around complicated use-cases with the help of smart contracts.
In comparison to public blockchains, all contracts and assets are fully manageable only by the network administrators, while leaving the innovation layer around smart contracts to the network managers.
This layered structure adds the required security around the idea of programmable money and allows the rest of the users to freely make payments, along with signing contracts between themselves without the fears of losing access to their funds or falling victim to 3rd party malicious applications, which is a frequent problem in public blockchain.
Each end user inside the network can be associated with a specific retail customer or a merchant and be onboarded to the network with the help of a certified manager, which is equivalent to financial institutions and/or private banks.
After a user has been onboarded, the identity data about them is created and stored by either the identity verifier that performed AML/KYC checks or the identity owner. None of this information is stored in the ledger itself for security reasons, but can be passed inside privately established 1-to-1 trust channels for the purpose of proving one’s identity to each other.
Each user can have their identity proven by one or more managers, for strengthening their identity validation level, but at the same time, none of the other users are forced to accept one or any particular identity.
This allows creation of multi-layer identity systems, which depending on the purpose of identity proving, may rely on any AML/KYC check, or require strong validation with a set of trusted providers - for example Government issued identities.
Having their identity checked and proven by at least one certified manager, users can receive or generate, by themselves, cryptographic keys that can be then used for receiving and transferring assets on the network - i.e. making payments.
Each user can manage their account either by themselves or allow a higher-level network user to manage their account on their behalf, simulating how one can have his account be managed by the bank.
Each asset available on the network needs to be pre-approved by the administrator, and rules about that asset can be set only by it. That includes setting up monetary structure, tiering of remuneration, balance limits and more. This makes payments on the network safe and regulatory compliant.
A full-node application allowing connecting and interacting with Fluency platform, internal tooling and one or many existing networks. It is the most crucial piece of software that can be treated as a crucial element of infrastructure to build on top of the Fluency platform.
While full-node can be used as a piece of software directly connecting to the Fluency platform and working low-level with it, Agent is a high-level backend server that can be configured or extended to the user's own needs. It contains multiple pluggable API-based modules including explorer, signing, accounting, identity, financial services and more.
Fluency Wallet is a piece of software designed to store cryptographic keys and/or provide functionalities to sign any type of transaction or smart contract call valid for the use on the network, and then broadcast that information if needed with help of a proxy gateway. It also allows storage of personal data in the form of ID-compliant encrypted data.
Fluency Explorer is a piece of software that uses API and full-node to draw various data from an underlying blockchain network and then uses a database to arrange the searched data and to present the data to the user in a searchable format.
Fluency Gateway is an application that proxies received transactions and smart contract calls to configured, predefined full-node, to allow it to be executed in the network. It is a crucial part of infrastructure that works on the system boundary and allows wallets to directly execute transactions without need of having their own nodes.