Settlement
Part of the CourtChain Knowledge Base

Settlement Finality

Definition

Settlement finality is the irrevocable and unconditional transfer of an asset from sender to receiver. In JIL, finality is achieved when the JIL-operated signing nodes confirm a transaction through JIL-operated signing-node attestation. The resulting finality receipt is cryptographic proof that the transfer is complete and cannot be reversed by any party.

Why It Matters

The lack of true finality is a hidden risk in most payment-integrity systems. Bitcoin requires 6 confirmations (approximately 60 minutes) for reasonable finality. Ethereum's finality is approximately 12 minutes. During these waiting periods, transactions can theoretically be reversed through chain reorganizations.

What this page will not claim

JIL Sovereign Technologies, Inc. checks paid claims and seals an evidence file. This generated page is a glossary note. It is not a claim that a check by this name is one of the 332 active checks. A court decides what it admits. The wallet is getjil.com. The Layer-1 is jilsovereign.net.

Frequently Asked Questions

How does JIL handle settlement finality?

JIL Sovereign Technologies, Inc. checks paid claims and seals an evidence file. This generated page is a glossary note. It is not a claim that this topic is one of the 332 active checks, and it is not a claim about the wallet or the Layer-1. A court decides what it admits. The wallet is getjil.com. The Layer-1 is jilsovereign.net.

Why is settlement finality important for institutions?

Settlement Finality is critical for institutional operations because it reduces risk, improves capital efficiency, and provides verifiable proof of settlement completion.