Programmable settlement allows institutions to define custom settlement conditions using smart contracts. Conditions can include time triggers, price thresholds, multi-party approvals, external data feeds, or any combination of programmatic logic. The settlement executes automatically when conditions are met.
Fixed settlement processes cannot accommodate the variety of institutional requirements. Different asset classes, jurisdictions, counterparties, and transaction types need different settlement logic. Programmable settlement provides the flexibility to encode any business requirement into the settlement flow.
JIL's programmable settlement uses smart contracts on the L1 blockchain. Conditions are enforced by the Sovereign Compliance Network (SCN) validator consensus, ensuring they cannot be bypassed. Every condition evaluation is recorded in the evidence pack. The self-healing contract technology monitors condition execution for anomalies and corrects them automatically.
Programmable settlement allows institutions to define custom settlement conditions using smart contracts. Conditions can include time triggers, price thresholds, multi-party approvals, external data f
Fixed settlement processes cannot accommodate the variety of institutional requirements. Different asset classes, jurisdictions, counterparties, and transaction types need different settlement logic.