Overview
In the fast-moving world of financial services, accelerated transaction lifecycles and data synchronization remain critical challenges. Legacy ledger systems often operate in silos, leading to delays, reconciliation errors, and increased operational risk. TapestryX,, novel Networked Accounting Ledger Technology (NALT) from L4S Corp, partnered with IBM to transform how financial institutions manage transactions and data across distributed environments.
The Challenge
Traditional capital market transactions involve multiple counterparties with intermediaries, that often have delayed settlements, exposing businesses to counterparty and liquidity risks. Financial organizations also struggle to maintain consistent data across separate ledgers and enterprise resource planning (ERP) systems, causing excess costs.
The Solution
TapestryX introduced a next-gen DLT platform that is asset-agnostic and highly configurable, enabling tokenization of any asset—from securities to healthcare records. Its real-time data synchronization and API-driven Networked Accounting Ledger provides instantaneous on-chain execution of full transaction lifecycles (from obligation thru settlement). Leveraging IBM Cloud and Hyper Protect technology, TapestryX ensures enterprise-grade security and scalability.
Results
- Accelerate Full Transaction Lifecycles: Instantaneous, double-entry accounting controls from trade obligations, through netting and financing, to settlement, all on the same networked ledger.
- Reduced risk: Shared ledger architecture minimizes reconciliation errors and unique validation method eliminates the risk, cost, and latency of prior blockchains.
- Operational efficiency: Seamless integration with existing databases and systems via APIs and traditional Dr-Cr ledger syntax.
- Scalability: Configurable for multiple industries, including financial services, supply chain, and healthcare. Multi-dimensional blockchain structure assures performance with not degrade over time/volume.
Why It Matters
By bridging the gap between legacy financial infrastructure and modern distributed ledger technology, TapestryX demonstrates how innovation and collaboration with IBM can modernize operations, reduce risks and costs, and unlock new business value.
To book a consult with us visit- IBM Cloud for Financial Services
To avail the product visit- TapestryX - IBM Cloud