Install Raylz

Raylz is designed for quick, easy setup. All components are deployed with pre-defined scripts and completely automated processes.

Raylz can be installed and operated entirely as a SaaS system for those at the POC or Pilot stages. For Production, financial institutions are provided the materials they need to ensure a secure and reliable deployment.

Network Operator

Network Operators are responsible for initiating the Value Exchange Network, defining the Commit Chain's network governance, and admitting new participants to the VEN.

Each VEN has a single Network Operator, who's responsible for:

  • specifying the VEN's governance and policy decisions

  • defining the types of transfers allow for the VEN

  • setting token definitions, membership requirements, standards, operating rules, and procedures

  • regulating that particular network

Configuration for Network Operators

Define everything related to the VEN. This includes:

  • deploying and adopting a Commit Chain

  • defining permitted token types and smart contracts

  • configuring all RPC endpoints for the VEN

  • deploying smart contracts into Private Ledgers

  • generating key management within the VEN

Once Raylz is in production, it should take less than 4 weeks for a Network Operator to configure a new VEN. We recommend consulting 1-2 engineers with a background in cloud, databases, or blockchain to assist the Network Operator with the setup process.

Network Participant

Network Participants are individual financial institutions within a VEN. Network Participants are represented by Private Ledgers.

Participants can join a VEN if they meet the eligibility requirements set by the Network Operator. Network Participants must also agree to adhere to the governance, policies, and operating procedures defined by the Network Operator.

Each Network Participant manages their own Private Ledger, which can be run in a Container or Linux server, as well as a MongoDB database. Databases can be locally instantiated on run on a cloud system, such as Microsoft Azure or AWS.

Configuration for Network Participants

Configure your Private Ledger's RPC URL for the VEN you wish to join. Once the URL is set and the Private Ledger is connected, deploy the smart contracts required by the Network Operator.

Once Raylz is in production, it should take up to one week for a Network Participant to become operational within an existing VEN. We recommend consulting an engineer with experience in cloud, databases, or blockchain to assist with setting up the Ledger and connection.

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