Counterparty Risks


#1

I was curious if you can interpret counterparty risk from a user’s standpoint as it relates to Catenis, if for example leasing hardware across long distances?

I worry someone will be denied a service or use of hardware before completion of an agreed timeframe. Counterparty risk now seems to be found in your speed and scaling solution.


#2

Catenis acts as a closed network on a globally audited ledger. The company owns the private keys on both ends of the communications, there is no concept of bitcoins (cryptocurrency) when devices interact so there is no counterparty risk. No ability to double-spend withing the system. It is not a financial interaction. Catenis ensures that all messages and asset transmissions are delivered near instantly across the planet.