What is Emerald?

Emerald is a multi-currency distributed ledger underpinned by the latest blockchain technology-
providing a quick, reliable clearing and settlement model

It enables partner banks to explore the opportunities that distributed ledger technology can provide to domestic and cross border multi-currency payments

Insights

  • SEPA compatible clearing and settlement

    Built to meet the requirements from SEPA 2018 Instant Credit Transfer (ICT) rule book

  • Distributed Ledger Technology

    Built on Ethereum with a modular architecture to allow migration to other distributed ledger technologies

  • Alternative to SWIFT

    Provides a credible alternative to the incumbent clearing and settlement market infrastructure

The Emerald Solution

Designed to make payments Quicker & Cheaper providing more Resillience

  • 100 Transactions per second peak throughput
  • ISO 20022 Industry standard protocol
  • 10 seconds Settlement time
  • 5 banks In pilot stage

Documentation

You can download a paper about some initial performance testing work that was undertaken to develop an understanding regarding how Emerald performed with Ethereum.

Want to find out more?

Contact us using the form below to