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 distributed jurisdictionally independent signing node architecture across 13+ jurisdictions provides operational resilience by design. The adaptive quorum mechanism maintains multi-party attestation even when multiple jurisdictionally independent signing nodes go offline. Immutable audit trails with hash-chained evidence support incident reporting. Multi-jurisdiction distribution prevents single points of failure.
JIL operates 20 jurisdictionally independent signing nodes across 13+ jurisdictions with multi-party attestation. This means the network can tolerate up to 6 jurisdictionally independent signing node 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.