Jarvis Exchange- The Platform Architecture and Technologies Personal Finance
Jarvis allows users to build their own decentralized financial hub using the Jarvis Exchange Framework.This framework allows to manage one's assets in a centralized or decentralized way, to access fiat, crypto, stocks, Forex and CFDs trading and a wide range of DApps. Assets can be utilized as a medium of exchange, payment, or as collateral, and can be lent or borrowed.
The Backend Architecture
According to their whitepaper, their backend architecture is a centralized and semi-decentralized exchange leverages from a network of centralized and decentralized liquidity pools as well as escrow and collateralization type. To put it simply, on the backend, there will be a centralized and semi-decentralized exchange which connected to three types of funds source, liquidity pools, escrow and collateral funds. Each of them can be a decentralized type of funds (directly controlled by other parties) or centralized (on the Jarvis platform). Imagine it like a regular centralized or decentralized exchange where you fully control your funds or not.By using this backend architecture, Jarvis aims to facilitate and automate a complicated process that happens behind the screen, such as the transfer of funds, exchange, trading activities, buying stock using Ethereum and so on. In other words, Jarvis will help users to access a lot of markets or investment assets directly, and they have a lot of options to participate in it. Either by directly buying them, contribute to the liquidity pools and so on.
The Frontend Architecture
A great backend doesn't equal to a great experience for users. In order to make it happens, we also need a great frontend. To put it simply, you have to design your apps beautifully and catchy, because this is the era where appearance is nearly everything.Jarvis will build a simplified UI that doesn't require a lot of understanding about how the platform or the technical architecture behind it works. It will also develop an AI to help users do their job. In fact, a simple demo (or working AI) already exist. They use a conversational AI in order to record or receive bounty submission. It is a very simple demo, we should expect it will be much more powerful when the MVP launches.
Decentralized Technologies to Personal Finance
One of Jarvis purpose is to decentralized technologies to personal finance. In other words, they wanted to empower personal finance with blockchain, smart contracts, and cryptocurrency. There are several things that they wanted to do and aims to achieve when the platform is fully functional. Here are they:
- Improve user control over their own funds and financial activities such as trading and investment. They wanted to put more control and options for a user for their personal finance so that they don't have to register and pay or use a platform for each activity.
- Build a financial hub for every user using Jarvis framework, which includes:
1.Licensed centralized & semi-decentralized exchanges with multiple wallet structures and escrow functions. - An interoperable network of liquidity pools & protocols that enable instant cross-chain and cross-asset class exchanges. Basically, a liquidity pools that support cross-chain transfer between one blockchain to another, just like an atomic swap.
- Features that allow users funds to be utilized as a medium of exchange, payment, collateral, contribute to liquidity pool.
- Automation for exchanges, transfers, trading, loans, and payments.
- Allow users to customize their own wallet as they wish. For example, set a new wallet for a loan, trading, and so on.
Centralized Technologies
According to their whitepaper, centralized exchange technologies are used for several purposes. One of them is to facilitate fiat gateway and also making sure that it is compatible with existing regulations and financial systems. To put it in another word, these centralized technologies will help users to transfer, deposit or withdraw fiat money from exchanges with full compliance with existing regulations.
Some technologies include:
- A framework, matching engine and other components with scalable back-end infrastructure which allows every component to expand and provide more resources and have an autoload distribution mechanism. This means if there's a high load, the system would be able to sustain it by distributing the resources optimally.
- Provide distributed servers and decentralized load resource. Because of this, there won't be no single point of failure and when there is a broken server or load resource, another one can sustain it. Users can also choose to keep their data on their own devices only or to distribute it to the servers.
- A highly fast and powerful matching engine and messaging bus which claimed to be able to process more than 5 millions transactions per seconds. This is a big number and very bold claims, I'd personally love to see the MVP to test it.
Semi-decentralized Exchange Technologies
The other part of the exchange or Jarvis consists of several important semi-decentralized technologies. These technologies will be the back-end for semi-decentralized exchange activities from the user. Here are some of the key technologies:
- Multiple wallet structures. Just like in the centralized one, there will be multiple kinds of wallet that exist in the semi-decentralized exchange. One of them is a custodial wallet.
- Framework for collateral credit and margin trading. Even though you're using a decentralized exchange (or semi, as they said), you'll still be able to do credit and margin trading. It is quite interesting because then you don't have to go through KYC and so on to do margin trading, which is what you might be looking for.
- There will be on-chain settlement mechanism for your semi-decentralized activities. In other words, every transaction that you or any activities that you do will be possible to see on the blockchain. An off-chain settlement might be faster, but it lacks transparency. Unless you fully trust your partner, it makes more sense to use on-chain settlement.
For more informations :
WEBSITE : https://www.jarvis.exchange
WHITEPAPER: https://www.jarvis.exchange/jarvis_white_paper.pdf
FACEBOOK : https://www.facebook.com/jrvdg
TWITTER : https://twitter.com/Jarvis_Edge/
TELEGRAM : https://t.me/jarvisexchange
MEDIUM : https://medium.com/@jarvisedge
INSTAGRAM: https://www.instagram.com/jarvis_io/
Created by hmbarok99
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