SECURITY
For control and security, TapestryX uses a combination of blockchain techniques with operational and accounting controls combined with state-of-the-art software protection.
Segregation of Duties
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Each Node deploys its
own copy of the software and maintains, verifies and synchronizes its own copy
of the entire distributed ledger.
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Separation of Node
Administration and Transaction roles.
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Transactions are
generated within the System Transaction Entry Point Server (STEPS)
and are matched, validated and posted in by the Node Software.
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Separation of Ledger
synchronization, posting, reconciliation and accounting processing engines.
Operational Controls
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Any transaction requires two contra-transactions to be processed e.g. deliver/receipt; buy/sell.
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All combined or sequenced transactions are constructed from five fundamental transaction types.
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Use of Asset lot encumbrance codes.
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Identity proving but not identity revealing codes.
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6 to 7 overlapping hash links per asset lot to create and protect immutability (1) hence “Tapestry.”
Accounting Controls
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TapestryX utilizes real time, event driven double entry accounting.
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Accounting is preset for each fundamental generic transaction.
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For Active Nodes, contra transaction pairs have their accounting journals posted, reconciled and hashed into the immutable record before being broadcast.
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The network runs, monitors and synchronizes real time, event driven trial balances and balance monitoring.
Software techniques
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All communications are encrypted.
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All payload data is encrypted before protocol level encryption is applied.
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All users have password protected (Two step ID proof) permissioned functionality.
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Separate microservices per function .
