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Support ISO 20022 Messages #46

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MantisClone opened this issue Sep 5, 2024 · 0 comments
Open

Support ISO 20022 Messages #46

MantisClone opened this issue Sep 5, 2024 · 0 comments

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@MantisClone
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MantisClone commented Sep 5, 2024

Problem

Some Banks use the ISO 20022 Messaging Standard and would require ISO 20022 compliance to adopt Request Network for invoicing.

Possible Solution

Here's a mermaid diagram showing a typical invoicing workflow in which the Supplier and Debtor custody their crypto with Banks and use ISO 20022 messages, posted to Request Network.

iso-20022-invoicing-workflow-bank-to-bank-settlement-via-ethereum.mermaid

Image

Here's an alternate mermaid diagram showing a typical invoicing workflow in which the Supplier and Debtor self-custody their crypto and use ISO 20022 messages, posted to Request Network.

iso-20022-invoicing-workflow-debtor-to-supplier-settlement-via-ethereum.mermaid

Image

Reference

@MantisClone MantisClone converted this from a draft issue Sep 5, 2024
@MantisClone MantisClone changed the title Support ISO 20022 Message Definitions Support ISO 20022 Messages Sep 5, 2024
@MantisClone MantisClone moved this from 🆕 New to ✨ Backlog: Enhancements in Request Network Tech Backlog Sep 25, 2024
@MantisClone MantisClone moved this from ✨ Backlog: Enhancements to 🎫 Backlog in Request Network Tech Backlog Oct 29, 2024
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