Distributed financial products architecture

This document provides an architecture description for the new generation of financial products that could be issued and processed without centralised authorities - banks or insurance companies using blockchain technology, smart contract and scoring. We will call these products distributed financial products (DP). The DP architecture depicts the high level structure of the products including main ‘construction’ blocks, their properties and relations among them. In the product architecture we will recognise 4 tiers : blockchain, financial primitive, financial product and application tier. Any tier must be independent from the upper level tires and can use services pro- vided by low level tiers.