DRK is a decentralized platform for the existing financial sectors of the Draken Group's digital banking system. The goal of DRK is to gather all the information stored in a decentralized authentic ledger and transform payment processes and financial procedures. As a result, payment would become cheaper, more convenient, and more secure with a host of automation capabilities.
It focuses on security, fast transaction efficiency and many of the latest decentralized technologies in the decentralized finance sector to create an all-in-one platform in the Draken Group system and the global financial industry.
The Core Layer manages the agreements formed on the ledger and transition status. It includes the most basic smart contracts, allowing the creation of different entities and payment requirements. It also detects when the payment has been completed. It is based on immutability, system’s transparency and intelligence.
The Extension Layer manages the actual trading conditions and rules. Most payment requests are not straightforward; if it comes from a business, it will usually have rules for calculating taxes, payment terms, deposits or advances. All of these conditions are in the form of extensions that can be added to payment requests.
Most users of DRK will not be only blockchain developers or software engineers, but rather participants in decentralized organizations, and in some cases creators of them. These individuals will be interacting with the DRK platform primarily through the Dapps built on DRK Chain.