EMPOWERING CENTRAL BANKS, EVERYWHERE.
Okanii tokenizes money isssuance at the individual 'coin' level.
Tokenize M0 (Central bank money) + M1 (Commercial bank money).
Okanii’s CBDC solution provides central banks will the perfect platform to address all their requirements and future needs.
Different fiat currencies
Asset types on a single platform
On a global scale
CBDC problems related to Distributed Ledger Technology (DLT) architectures.
Central banks have been looking for ways to digitally issue legal tender directly without negatively impacting commercial banks. Historically, CBDC research has focused on how to leverage DLT technology as a cornerstone as it is open-sourced. However, DLT is not sufficient for retail-level commerce as it suffers from a host of problems.
DLTs are complex, cumbersome, and inefficient platforms (mining costs, consensus costs, transaction replication cost). Current Bitcoin energy consumption for 7 transactions per second is 180TWh annually.
DLTs record every single transaction in history on numerous databases. This creates multiple honey pot security issues regardless of status (permissioned/non-permissioned).
DLT transactions are recorded multiple times on every full node. Bitcoin has over 12,000 full nodes, so every transaction is recorded 12,000 times.
Does it make sense to record a $1 transaction on 11,998 databases that were not needed?
Not only is recording every transaction inefficient, but the storage of every transaction since inception is inefficient. Each full node contains over 360GB of data and is continuously growing. This is unnecessary and creates a massive perpetual security risk.
DLTs are not scalable due to the architecture chosen (mining, consensus, redundant nodes). Bitcoin only supports 7 TPS, Ethereum 100+ TPS, both grossly insufficient for global retail commerce.
DLT transactions are recorded on DLT blocks that are not created in real-time, and some DLTs require 6 blocks before providing 100% assurances. How will this work at a global retail level?
Single asset solution
DLT platforms are single asset solutions, as each platform has its own single product ie. bitcoin, Ethereum, Ripple, etc. The world has 181 fiat currencies and tens of thousands of other asset types. DLT was never designed to support all of these different asset classes of the tens of thousands of databases, billions of users, and trillions of transactions. It is simply not designed for the job.
DLT architecture combines money issuance/creation, payment facilitation, and clearing/settlement in one process. This combined 'single-tier' approach creates more problems than it solves.
Okanii DAT platform addresses Central Bank Digital Currency landscape analysis (money flower).
Our ubiquitous platform addresses all digital currency markets and also solves all problems within each market at global scale.
Central Bank Issued
Central bank digital currencies (wholesale)
Central bank digital currencies (retail)
Cryptocurrency (permissioned DLT)
Central bank reserves & settlement accounts
Central bank deposited security accounts
Cryptocurrency (permissionless DLT)
Okanii's Digital Asset Technology (DAT) addresses the three core attributes of money and every requirement of those attributes.
ONE PLATFORM FOR THE FRICTIONLESS TRANSFER OF EVERY ASSET ACROSS EVERY USE-CASE.
Instant, free, frictionless.
Store of Value
of its purchasing power.
Monetary / fiscal control.
Unit of Account
Timeless of exchange rates.
Monetary cost, settlement risk.
Medium of Exchange
Reliability - online & offline
Blackouts, network interruptions, cyber attacks, resilience.
P2P, B2C, B2B, future-proofed.
Access/coverage, acceptance, speed of transfers, ease of use, weight.
Okanii’s platform and modular flexibility not only provides both central banks and commercial banks with multiple options (single-tier, two-tier and multi-tier solutions), but it addresses all payment problems and supports all scenarios.
ONE PLATFORM FOR EVERY SCENARIO.
Everything in one place, all transactions, receipts, points, etc.
Ubiquitous platform. Individual self-contained tokens facilitate all assets all use-cases, all transfer technologies.
Bank owned & controlled
White-labeled platform, banks keep full control.
Micro-payments, IoT, gig economy
Untapped revenue streams in the trillions with dozens of use-cases.
Minimum integration effort for banks to deploy.
Open, secure APIs
Modern APIs secured with asymmetric cryptography.
Okanii platform supports programable data with each token.