The Digital Operational Resilience Act (DORA) is EU legislation requiring financial entities to implement comprehensive ICT risk management, incident reporting, and operational resilience testing. It applies to banks, insurance companies, investment firms, and their critical ICT service providers from January 2025.
DORA requires financial entities to demonstrate that their critical digital infrastructure can withstand disruptions, cyberattacks, and operational failures. Third-party ICT service providers used by financial institutions must meet stringent resilience standards. Settlement infrastructure is considered critical ICT infrastructure.
JIL Sovereign's 14-of-20 decentralized validator architecture across 13 jurisdictions provides operational resilience by design. The adaptive quorum mechanism maintains consensus even when multiple validators go offline. Immutable audit trails with hash-chained evidence support incident reporting. Multi-jurisdiction distribution prevents single points of failure.
JIL operates 20 validators across 13 jurisdictions with 14-of-20 consensus. This means the network can tolerate up to 6 validator failures while maintaining full operation. Geographic distribution eliminates regional single points of failure.
DORA applies to financial entities and their critical ICT providers. JIL's architecture is designed to meet the operational resilience standards that financial institutions require from their settlement infrastructure providers.