In essence, Byzantine Prime is a digital overcollateralised credit product. It functions like a digital credit facility whose processes are automated through transparent smart contracts that replicate the mechanics of a money-market instrument.This blockchain automation has three key advantages:
Automated back-office and transaction processing via smart contracts
Removal of counterparty risk via smart contracts
Massive reduction of credit risk via 100% overcollateralisation
All operations (deposits, interest accrual, collateral management, and redemptions) are executed automatically, 24/7, with full on-chain visibility.