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Simplified compliance automation.
Digital assets are subject to a growing number of regulations, but general-purpose blockchains struggle with the complex logic needed to comply.
Polymesh builds compliance into the chain, enabling faster processing and lower protocol fees that can scale as demand and complexity of regulation grows.
Compliance requirements are continuously evolving. This creates further complexity and a need for often-proprietary systems with added elements of automation. As a result, manual intervention remains a big element of compliance systems. Yet this ineffective automation creates costs and inefficiencies for all participants.
Proprietary solutions built on top of a general-purpose blockchain can automate key steps. However, as users begin to layer on successive rules, the number and complexity push the chain to its computational limits. Ultimately, implementing evolving compliance regulation would be too complex and involve increasingly higher computing costs and processing times.
Polymesh addresses compliance with comprehensive automation that enables faster processing and lower protocol fees. Issuers can set flexible and extendable rules that automate rule enforcement without requiring manual or semi-manual approval of individual transfers, which ultimately reduces costs. Rules can be combined and tailored to the asset’s type, jurisdiction, and regulatory regime.
By leveraging Polymesh's unique identity system, Polymesh enforces entity- and identity-level compliance, making on-chain compliance implementation possible.
Compliance management on Polymesh is enforced at the protocol level using identity and attestations attached to on-chain identities. This enables rule sets to dynamically reflect real-world regulatory obligations and jurisdictional constraints.
Polymesh gives issuers the flexibility to set rules around ownership and transfer requirements based on their specific needs. Once the issuer sets rules, the chain automatically enforces them with no need for smart contracts or third-party engines
By building compliance functionality into the core of the chain, even very complex requirements can be automated efficiently and cost-effectively at scale.
