Intrnet pools a web of cross-border obligations and settles one net position per company — automatically, on-chain, in a single atomic transaction.
A owes B. B owes C. C owes A. With no coordination, every obligation becomes its own international wire — even when most of it cancels out.
Fees and FX spread on every single leg.
Days to clear across many bilateral rails.
No shared source of truth — reconciled by spreadsheet and email.
to settle three obligations that could net down to a fraction of that.
One netting cycle collapses every obligation into a single net position per company.
A company posts an obligation; the counterparty accepts on-chain.
The engine converts FX and nets one position per company.
Each company confirms its own private net position.
The net payer executes; balances update atomically.
Enforced at the protocol level, not by app-layer permissions.
Net positions settle in one transaction — no in-transit window.
Immutable, timestamped log — any past cycle fully re-auditable.
Netting between rivals needs privacy and atomic settlement at once — the one ledger that delivers both.
Every transaction is visible to everyone — impossible for companies that compete.
Each party sees only its own contracts — so rivals net together and reveal nothing.