Agora
February 2022
Digital ‘Smart bonds’ that automate the bond lifecycle
Challenge
- The bond lifecycle comprises multiple separate work streams that have traditionally been split into separate silos
- Each silo requires continual manual inputting and repeated reconciliations
- This leads to increased costs, reduced speed and exposes the processes susceptible to security errors and vulnerabilities
Solution
- Agora creates ‘smart bonds’ that can regulate their own activity and enforce their own rights and obligations
- Bonds will be digitally signed and available to all participants in a deal, eliminating the need for manual inputs and costly reconciliations
- Why Corda? Chosen for its privacy and excellent customer support, and the fact that it accelerates the issuance of bonds and provides a reconciled database without creating a centralized data repository
Results
- Automates the bond lifecycle from inception to redemption
- Eliminates reconciliations and improves data sharing
- Corda flow framework enables automation of bonds
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