THE TECHNICAL ARCHITECTURE BEHIND RISKSHARE: AN INNOVATIVE P2P RISK SHARING PLATFORM

At RiskShare, we take pride in our advanced technical architecture, which allows us to provide a robust, scalable, and cost-efficient platform for P2P risk sharing. In this article, we'll walk you through the technical landscape that drives RiskShare and demonstrate how we leverage the latest technologies to realize our vision.

Prototyping with Excel

Developing complex risk models and calculations can be time-consuming. Therefore, at RiskShare, we start by designing and testing our risk models in Excel. Excel offers an intuitive and visual environment that enables our experts to quickly iterate and refine. Once a model is validated, we convert it into a production-ready solution.

Converting to Node.js

The models are streamlined by one of our powerful tools that converts Excel spreadsheets to Node.js code. This process automates the conversion of logic and formulas, allowing us to move quickly from prototype to production without manual errors while maintaining the accuracy of our models.

Publish to Cloud

The generated Node.js code is deployed to AWS Lambda, Amazon Web Services' serverless compute platform. Here are some core components of our cloud architecture:

• AWS Lambda: Serverless Computing AWS Lambda enables us to execute the Node.js code without the need for server management. Lambda handles automatic scaling, allowing our application to seamlessly manage usage spikes. This means we only pay for actual execution time, resulting in significant cost savings.

• DynamoDB: For reliable data storage, we use Amazon DynamoDB, a NoSQL database designed for high performance and scalability. DynamoDB allows us to read and write large volumes of data quickly and efficiently, which is crucial for a global platform like RiskShare.

• API Gateway: Our API Gateway acts as the interface between our participants (web and mobile applications) and the backend. It receives HTTP(S) requests from clients and routes them to the appropriate Lambda functions. This ensures secure and reliable communication between participants and our platform.

Security and Monitoring

At RiskShare, we take the security of our participants and their data very seriously. We implement robust security measures, including data encryption at rest and in transit, and strict access controls using AWS IAM roles and policies. Additionally, we use AWS CloudWatch for comprehensive monitoring and logging, enabling us to respond quickly to any issues and optimize the performance of our services.

Conclusion

RiskShare's technical architecture combines the power of Excel for rapid prototyping with the scalability and flexibility of AWS Lambda and DynamoDB. This allows us to quickly and efficiently develop a robust P2P risk sharing platform that meets the highest standards of reliability and performance.

At RiskShare, we continue to innovate to provide our participants and advisors with the best possible experience. Our advanced technical infrastructure is a testament to our commitment to quality and innovation. We look forward to welcoming you to our platform and shaping the future of risk sharing together.