System overview of the M10 platform
CBDC solutions and payment modernization software can be simple in concept but complex in the number of
different modules needed to build an overall system. Evaluating functionality alone is not adequate and will
have costly implications concerning maintenance, scalability, and extensibility unless the complete system is designed to work in harmony with existing banking and payment systems.
With feedback from banks, bank governors, and finance experts, M10 designed a turnkey solution that works with central banks and commercial financial institutions for CBDC and payment modernization solutions.
The M10 service is a cloud solution that scales linearly to process millions of payments per second. The ledgers are available 24x7, allowing payments to be settled instantly in the same currency or across currencies.
A trusted party hosts the ledger in multiple independent data centers where each data center validates its peers. A currency ledger may be hosted in-country to support onshoring requirements.
In addition to the ledgers, other shared services include Directory, FX Exchange, AML/CFT, sanctions screening, smart contracts, and more.
A transfer between two parties is performed on a shared ledger. Through a digitally signed instruction, the payer informs the shared infrastructure to transfer funds from her digital account to the payee's digital account.
See the attached .pdf and the M10 website for more: https://m10.io/whitepapers
Courtesy of @MrmanXRP