Technology
Last updated
Last updated
By utilising blockchain and its benefits, there are advantages for both the user and the fund provider. The users get an opportunity to secure their savings without a bank account, benefit from professional investment portfolio services and get exposure to new players worldwide. The user doesn’t pay any transaction fees and benefits from fast, transparent, and secure transactions – everything stored on the blockchain. On the other hand, fund providers receive access to new markets worldwide and new types of investors. In addition, they can significantly reduce their running costs. The basis is always the SWIC Digital Gateway, which we have developed together with our partners. SWIC runs on “SparkNet”[1] and does not have an ecosystem or other players/tokens. Can SWIC be understood as DeFi? Yes and no. On the one hand, the tokenized products "live" on the blockchain, and the users hold the assets in self-custody wallets and trading works in a decentralized manner. On the other hand, SWIC runs on a private blockchain and the tokens are backed by traditional underlying’s and the price is provided by a central provider.
In our technology stack, the Tukki App provides users with generated wallet addresses and access to our Micro-investment marketplace for tokenized real-world assets, integrated with the SWIC Gateway, which enables issuers to manage digital real-world assets through smart contracts on SparkNet, operated by SWIC utilizing a Proof-of-Authority consensus mechanism
Please note that we will switch our complete infrastructure to ICP after the public token sale.
[1] “SparkNet” is a Ethereum-based private blockchain with fast block times (every 5 seconds a new block) and no gas fees. SWIC Digital holds its own node in the sparknet system. “Sparknet” passed an external security audit, which can be revealed upon request.