Redbelly Network Whitepaper

This paper details the purpose of Redbelly Network, describes its infrastructure topology, and gives an overview of supporting infrastructure crucial to its success.

Redbelly Network is a revolutionary solution for Compliant Asset Tokenisation, built on an open finance platform that embeds distributed ledger technology into the heart of financial relationships. This eliminates information asymmetry and dramatically increases efficiency, helping to build a fairer financial system for all. With a novel leaderless consensus mechanism, democratic byzantine fault tolerant (DBFT) consensus developed with The University of Sydney and CSIRO’s Data61, we are able to achieve high performance and guarantee the impossibility of forking and mitigate double spending with near-instant finality.

Redbelly Network is designed to focus on accountability. Accountability is enforced at a protocol level through a novel mechanism that constructs undeniable proofs of fraud -Polygraph; and at the functional level through an innovative identity layer that ensures all network participants are known.

Through standards-based smart contract templates, real-world financial relationships are deployed as Ricardian contracts on Redbelly Network, thereby benefiting from reduced information asymmetry, huge gains in efficiency, low and known transaction costs, as well as the accountability afforded by legal and regulatory enforcement that is required for any real-world financial relationship.

This paper details the purpose of Redbelly Network describes its infrastructure topology, and gives an overview of supporting infrastructure crucial to its success.