Inspiration

Challenges with corebanking solution

No shared ledger that provides sight of data to all participants including SC and customers

No solution which provides 24X7 availability with good interoperability

Fragmented and costly reconciliation processes with different functions

What it does

It replaces current core banking with coreless banking

Move away from core banking towards ubiquitous coreless banking

Shared ledger across all participants and improved interoperability

24X7 solution with minimal data replication cost

How we built it

Using Solana as primary DLT, using Rust, Anchor , ReactJS and Node.js

Challenges we ran into

Managing account size and using Rust libraries

Accomplishments that we're proud of

We have built a solution which helps bank to replace existing corebanking system and move towards a shared ledger using Solana and also provide an option for doing this in a phased manner.

What we learned

First time experience of working on a blockchain program and exploring power of shared ledger to implement complex business requirements

What's next for Infinitude

Payment Gateway Integration Infinitude as single source of truth

Built With

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