Permissioned Blockchain Architectures for Cross-Border Financial Settlement and Compliance Automation
Keywords:
permissioned blockchain, cross-border settlement, Hyperledger, QuorumAbstract
Permissioned blockchain frameworks' architectural and operational dynamics in cross-border financial settlement and compliance automation are investigated. Hyperledger Fabric, Quorum, and R3 Corda meet growing demand for safe, auditable cross-border interbank transactions. Smart contract AML and KYC automation improves efficiency, auditability, and transparency. Assessing ISO 20022 financial infrastructure message transmission and semantic coherence interoperability. Researchers study central banks and fintechs' blockchain-enabled settlement system regulatory sandboxes. Architecture comparison and compliance-centric assessment examine permissioned network governance, scalability, and decentralization. We discuss enterprise-grade DLS consensus, encryption, and data privacy. The results show that permissioned blockchain models may enable frictionless, compliant, and transparent cross-border settlements and regulatory convergence and interoperability in the global financial ecosystem.
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