Digital ‘smart bonds’ that automate the bond lifecycle

Challenge

• The bond lifecycle comprises multiple separate work streams that have traditionally been split into separate silos
• Each silo requires continual manual inputting and repeated reconciliations
• This leads to increased costs, reduced speed and exposes the processes susceptible to security errors and vulnerabilities

Solution

• Agora creates ‘smart bonds’ that can regulate their own activity and enforce their own rights and obligations
• Bonds will be digitally signed and available to all participants in a deal, eliminating the need for manual inputs and costly reconciliations

Why Corda?

• Chosen for its privacy and excellent customer support, and the fact that it accelerates the issuance of bonds and provides a reconciled database without creating a centralized data repository

Results

• Automates the bond lifecycle from inception to redemption
• Eliminates reconciliations and improves data sharing
• Corda flow framework enables automation of bonds