Steve Walsh SETL’s COO offers insight into SETL’s core capabilities and where it’s technology and solutions can add value to those that may be new to it.
TORI was invited to undertake a high level independent assessment of a competitor analysis produced in-house by SETL. Per their analysis, the SETL DLT appears to be the most advanced DLT for Financial Institutions with a significant USP.
At SETL, it starts with curiosity. From the very beginning we’ve intuitively looked for people above everything that are curious. Where technology is a personal passion as well as a day job.
Quantum computing threatens certain kinds of cryptography so, as with other threats, we need to be ready. With this in mind, SETL successfully developed a number of post quantum techniques in 2018 which it could switch on very quickly if required.
At the core of SETL is a proprietary, permissioned-based blockchain. While there is a lot of debate about the merits of public vs private blockchains, we believe that only private blockchains are fit for the regulated environments where SETL operates.
A Blockchain is a State and history that uses cryptography and distribution to guarantee immutability and identity. Multiple computers running the blockchain software (Nodes), acting independently, make the network resistant to compromise and distributed storage makes corruption infeasible. If you don’t understand what this means, hopefully all will become clearer
SETL President Peter Randall and Dr. Joshua Daniel, SETL Head of Product Strategy, discuss some features of SETL’s technology and its importance to clients.
SETL’s Dr. Joshua Daniel runs a demo of BOSS to showcase how performance is engineered.
A permissionless network, on the other hand, poses compliance challenges which it can be difficult to see a way through.
This week saw the first trades settle live time on the ID2S blockchain CSD built entirely by the SETL Global Engineering Centre in Ipswich.