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cloud.google.com·3h ago
Cloud & Infrastructure
Google Cloud Blog·2h ago·5 min read
How Nammu21 automates syndicated loans on Google Cloud Universal Ledger
TL;DR
Nammu21, in collaboration with Google Cloud, has automated the syndicated loan lifecycle using AI and smart contracts on the Google Cloud Universal Ledger, significantly reducing settlement times.
✦ Why It Matters
Explore integrating AI-driven smart contracts to streamline your loan processing and reduce settlement times.
Key Takeaways
- Explore using Digital Credit Instruments for loan agreements.
- Implement smart contracts to automate financial workflows.
- Utilize Google Cloud Universal Ledger for secure transactions.
- Focus on compliance and role-based privacy in financial applications.
How It Works
Nammu21's platform converts legal agreements into Digital Credit Instruments (DCIs), which are then instantiated as smart contracts using gculpy, a programming language optimized for financial logic. This process allows for the automation of the loan lifecycle, enabling real-time updates and compliance checks against the original legal terms.