Exists today
Specification & Model
A formal state machine specification, a browser-based simulator of tranche release logic, and this technical documentation suite.
Status Overview
Status
An honest inventory of project progress. Items not listed under "exists today" remain in research and development.
In Development
Operational Infrastructure
Backend services, API access, partner institution connectivity, and compliance frameworks are currently in architectural planning.
Organization
Leadership & Development
Founded and led by Julian Croft. Based in California, TradeWave focuses on automating trade documentation workflows and conditional settlement logic. Reachable at management@tradewave.bond.
Direction
What comes next
Milestone-driven roadmap. Rather than publishing arbitrary launch dates while technical specifications and legal parameters are in review, our progress is structured around sequential engineering dependencies.
Now
Specification and public model
Formalize state machine logic and maintain open simulators for counterparty review.
- Deterministic state transition specification with HELD hold pathways
- Client-side browser simulator for validation testing
- Public documentation of cryptographic attestation criteria and known limitations
Next
Reference implementation
Transition logic into a testable microservice with append-only ledger replay.
- Server-side state engine with comprehensive property-based test suites
- Append-only event store with verifiable deterministic replay
- Signature verification integrating standard Ed25519/ECDSA libraries
Later
External validation
Consult industry stakeholders on legal scope, messaging compatibility, and freight practices.
- Legal evaluation of regulatory scope across key trade jurisdictions
- Feedback sessions with customs brokers, surveyors, and freight forwarders
- Exploratory discussions with institutional escrow and banking partners
Conditional
Controlled trial
Execution of pilot settlement orchestration alongside a licensed depository institution.
- Corporate incorporation and appropriate regulatory filings
- Third-party security review and penetration audit
- Pilot execution with counterparty partners under structured oversight
Changelog
Recent changes
Architecture suite updated. Upgraded platform styling, introduced dedicated state machine diagrams, updated legal terms, and established direct client-side inquiry bridges.
HELD state added to specification. Formalized dispute pathways allowing counterparties to halt automated tranche release pending external resolution.
Attestation binding tightened. Required signatures to sign document digests and milestone IDs jointly to prevent cross-milestone replay.
Decimal string monetary formatting. Standardized message amounts to high-precision decimal strings with ISO currency codes.