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Project Keywords: #Mexico #securitiesmarket #SME
Project Members
- David Solis David Solis – Blockchain enthusiast and researcher
- Jorge Solis Jorge Solis – Solution architect
- Ulises Gomez Ulises Gomez – Business consultant
Project Description (no more than 1,000 words including graphics)
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The following figure shows the Keiretsu architecture.
We identified two types of participants: issuer and customer (buyer or seller). The issuer type is for a sole proprietorship or SME. The customer type is an investor, a natural person, or an enterprise.
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The middleware services are written in Java using Spring Boot and reside in Kubernetes. The DLT is Hyperledger Fabric.
Problem
A securities market is a system in which participants such as issuers, brokers, investors, and other economic agents carry out the process of issuing, placing, distributing, and trading securities.
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The following figure shows the current stock securities market.
We identified several problems in the current securities markets. Below we explain each of them.
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Companies can issue their financial instruments directly on this platform, which would interest startups in offering shares via private the placement agent. At the same time, smart contracts will automatically execute any corporate action.
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David Solis is an enterprise architect with over 20 years of experience, focusing on developing mission-critical software systems highlighting two Mexican financial market infrastructures platforms. He has a Ph.D. in Actuarial Sciences, two master's degrees, one in Computer Science, and another in Quantitative Finance.
Jorge Solis is a solution architect with over 15 years of experience, focusing on card payment systems, Mexican financial market payment systems, mobile technologies, and insurance solutions. He has a bachelor's degree in Computer Science.
Ulises Gomez is a business consultant with over 15 years of experience developing and designing operating models for the financial industry, mobile payments, fintech, government social programs, logistics companies, and other industries. He has a bachelor's degree in Computer Engineering.
Project Plan
As we can see in the following figure, our project plan consists of five milestones.
- Concept definition. In Q4 2021, we identified a problem and a potential solution.
- Minimum viable product. In Q2 2022, we will develop a product with the relevant features to test our concept.
- Stakeholders’ evaluation. In Q3 2022, the stakeholders will evaluate the prototype and provide feedback.
- Minimum marketable release (MMR). In Q4 2022, we will develop a product with sufficient features to satisfy early adopters.
- Minimum marketable product (MMP). In Q2 2023, we will develop a small feature set that still addresses the customer needs and creates the right user experience.
We designed the core architecture with modularity and resiliency in mind using a stable version of the technology stack and identifying ancillary features for future phases to avoid the perils of wrong design decisions.
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