Lessons learned from building/deploying a large-scale payment system
Conference (INTERMEDIATE level)
Dhalia
In this in-depth talk, I will share the key lessons learned from the deployment of a blockchain-based Real-Time Gross Settlement (RTGS) system. This session will dissect the unique challenges and innovative solutions that surfaced during the implementation of a technology designed to process high-value transactions in real-time.
We will begin with a discussion on the architectural decisions crucial for supporting the demands of an RTGS system, such as scalability, reliability, and real-time processing capabilities. I will outline the unexpected hurdles we encountered, including integration complexities with existing financial infrastructures and the regulatory requirements specific to real-time, high-value payments.
The heart of the talk will focus on the practical solutions critical to the success of such projects. These include the adoption of advanced cryptographic techniques to secure transactions, the implementation of fail-safe mechanisms to guarantee transaction integrity, and the development of custom compliance modules to meet global regulatory standards.
We will begin with a discussion on the architectural decisions crucial for supporting the demands of an RTGS system, such as scalability, reliability, and real-time processing capabilities. I will outline the unexpected hurdles we encountered, including integration complexities with existing financial infrastructures and the regulatory requirements specific to real-time, high-value payments.
The heart of the talk will focus on the practical solutions critical to the success of such projects. These include the adoption of advanced cryptographic techniques to secure transactions, the implementation of fail-safe mechanisms to guarantee transaction integrity, and the development of custom compliance modules to meet global regulatory standards.