SIF – validator agents
Validator agents are accounts that can operate as escrows or can enforce
the rules of agreement terms between investors and the fund manager. For
example, a validator agent can reject a transaction initiated by the fund
manager that does not follow agreed-upon terms. The validator accounts
can be controlled manually or can be tied to software that interprets rules in
the SIF. The validators serve as co-signers on transactions between investors
and fund managers. This is implemented through a multi-signature account
on Findora that is managed by the set of validator agents.
Every transaction affecting this account requires the endorsement of
each agent. This structure provides value above roles that are today handled
non-transparently by fund managers, custodians, and administrators.