Unified Ledger

Knox Networks was founded upon the principle of simplifying finance. Today, businesses are forced to manage too many disparate financial rails. To streamline this process, Knox has designed the Unified Ledger to help businesses manage their complex financial networks today while preparing for the future of digital assets.

Current Problem and Future Opportunity

Businesses have to deal with multiple asset classes across many systems, making it difficult to get a harmonized view of the big picture. As a result of this, operational complexity is increased and netting, settling, and reconciliation efficiency are all negatively impacted.

Knox's Unified Ledger is a product for helping financial institutions manage all of their disparate systems, thereby allowing for a real-time view of the financial health of their organization with a universal source of truth. The Unified Ledger is designed to help businesses manage the complexity of their external systems by providing a simple-but-powerful tool.

Unified Ledger Features

Knox’s Unified Ledger targets problems with scaling transactions, reconciliation, settlement efficiency, lack of interoperability, and real-time monitoring between backend systems. The Unified Ledger provides continuous verification of assets and liabilities, surpassing systems that only provide periodic snapshots, allowing for:

Real-time aggregate cash and asset views for transparency
All transactions can be initiated and streamlined through one system
Knox helps program business logic into transactions (e.g., regulatory requirements to rebalance wallet custodians)
Reconciliation, supporting improved netting and settlement
Track transaction fees and accruals in shared ledgers
Saving on operation costs with off-chain and on-chain transactions

Example Unified Ledger

Outcomes from the Unified Ledger

The Unified Ledger powers:

Real-time transparency across all assets and owners
Bridge and transact off-chain assets with on-chain
More efficient use of cash and assets through improved netting and reconciliation
Operational efficiencies, with streamlined transactions in a single system