This application shows how corporate actions can be streamlined and simplified by executing them using DLT. Multiple parties can collaborate using smart contracts thus reducing or eliminating reconciliation. The solution dives into the corporate actions use case, which involves the simplified issuance and underwriting of a bond followed by the full-blown redemption of that bond in cash or shares, according to investor instructions.
- Maintains the existing structure of rights and obligations of the markets
- Provides the benefits of data sharing while preserving privacy and providing immutability among participants