Modular Building Blocks
10XTS offers modular fintech software and data platform technology to enable line of business process automation for the issuance, management, trade and reporting of digital assets and instruments such as private equity, fund partnership units, loans, bonds, structured notes, etc…
xtsCore is a flexible framework to help financial institutions re-engineer their internal workflow management systems, build client facing self-service portals, or as a white-label offering they can offer for direct issuance, management, trading and reporting needs.
Through white labeling and integration with your existing systems, you can utilize our platform to quickly deploy an end-to-end workflow management process for your origination, syndication, sales and operations teams to deliver a parallel digital assets business line.
Our key modules can be integrated into your existing internal processes and systems in order to augment your business lines and deliver quick cost and compliance benefits where you need them most through increased automation.
Cloud Platform Architecture
The extended layer of xtsCore technology stack includes an API-based cloud framework for extended application integration and data services. xtsCore connects identity, permissions, applications, and data with the xtsChain underneath. Certified partners can consume the cloud layer and integrate xtsCore functions to extend their current enterprise applications and/or digital storefronts into the specific ecosystem.
xtsCore exposes the xtsChain via an API framework that allows an external developer to access xtsCore data and functions. This permits partners to integrate into existing enterprise information and/or create innovative applications.
The following principles embody the xtsCore strategy:
- Accelerate development by decoupling / exposing xtsChain functionality as a reusable set of APIs for consumption.
- Innovate with digital applications or rapid deployment and quick creation of a system of engagement to new channels.
- Provide secure and controlled access to xtsCloud APIs in a hybrid cloud environment where the likes of mobile or even IoT applications on a public cloud can also consume exposed APIs.
- Enable a consortium ecosystem with a wider community of external developers and partners who will publish and consume xtsCore APIs beyond enterprise boundaries.
- Monetize existing and new data and algorithms while enabling new business models.
As a fully-integrated product, xtsCore will provide enterprise partners with a comprehensive API services framework. This includes creating and testing APIs and connecting their implementation code to back-end systems.
It also includes securing access to those APIs and managing them in production whether they are accessed from a system of engagement application, systems of record application, or other type of application.
Distributed Ledger Blockchain-based Data
At the center of xtsCore is xtsChain, an industrial strength distributed ledger and data consortium model to enable interconnected, cooperative partners. These partners support the application and distributed ledger data ecosystem through the operation of server nodes.
The core production blockchain is a decentralized protocol based on Delegated Proof of Stake consensus (DPoS). DPoS powers half of the transactions of all blockchains in existence. Also one of the fastest, it can scale beyond VISA transaction or NASDAQ trade volumes to 100k transactions/second with the network infrastructure to support it.
When paired with a separate audit chain ledger for reporting and metadata storage, xtsCore is one of the most advanced, enterprise-grade blockchain frameworks.
The immutability and security provided by xtsCore ensures data availability across multiple organizations and industry value chains.
Digitize real world assets using information standards and cryptographic hashes to issue and assign token-based units of account and classification. Transfer & trade assets with other members of XDEX. Ensure transactions & trades meet regulatory compliance. Connect real world documents to issuers, assets & transactions.
XDEX is a ledger-based system to prove transactions between users based on blockchain tokens. As “units of account”, XDEX Tokens can be created and issued to track things like memberships, licenses, service agreements, asset ownership, securities, cap tables, investor ownership, etc… XDEX becomes the extended, single source of truth data repository.
Unlike the purely anonymous and unwieldy nature of public cryptocurrency networks, XDEX is operated and managed by a federation of known entities that run specialized servers to secure and enable the network. XDEX is a consortia-based ecosystem with democratic governance to provide the maximum assurance that every asset, entity, user, and action is secure and transparent.
XDEX uses the Delegated Proof of Stake consensus model, which enables a participatory, democratic governance structure for all users of the system to govern the blockchain itself. This is important because it allows even the smallest user to cast a vote in the overall management of the ecosystem.
XDEX uses a strong federation of block producers called Active Witnesses, who are responsible for validating and writing transactions into blocks into the XDEX ledger. Active Witnesses are voted into block producing status by the XDEX ecosystem constituency through democratic process. This ensures every XDEX ecosystem participant has a voice in the management of the XDEX blockchain utility.
Identity-based Accounts & Permissions
Personal & organization accounts require full identity verification for permissioned access. Integrate 3rd party KYC/AML verification services for global financial compliance. Every account can be controlled by any weighted combination of other accounts and private keys to create a hierarchical structure that reflects how permissions are organized in real life.
API-based Enterprise Cloud Integration
The full XDEX technology stack includes an API-based micro-services cloud framework for extended application integration and data services. The XDEX Enterprise Cloud connects identity, permissions, applications, and data with the XDEX Blockchain underneath. Development partners can connect to the XDEX Enterprise Cloud by consuming the API-based microservices layer, and integrate with XDEX to extend their current enterprise applications and digital storefronts with the distributed ledger.
XDEX uses a software client and wallet to access the blockchain data. The XDEX Platform client becomes an application development starting point that can be customized and integrated into other enterprise data and systems.
Account Level Governance Modeling
XDEX provides the ability to create complex account structures with weighting and thresholds for approvals for all transactions. Transactions may be proposed for an entity-level transaction, but then require approvals from the associated stakeholders to submit to the blockchain. This provides a real-world governance modeling, which is a significant improvement – one that is necessary for mainstream adoption of financial blockchain technology.