About Fireblocks Smart Transfers
Fireblocks Smart Transfers is a ticketing and funding orchestration feature built on top of the Fireblocks P2P Network. It is used to facilitate unilateral or bilateral transactions between Network participants.
Smart Transfers allows you to submit transfer tickets with context and settlement guidelines, so you can easily create, track and automate unidirectional or bi-directional transfers. The feature also automates the fund reconciliation process, thus minimizing the use of middle and back-office resources, and eliminating the need to manage communication over multiple secondary channels.
An intermediary setup is also possible where a third party can create a Smart Transfers ticket between two connected parties. The intermediary does not participate in the transfer of funds but has full visibility of transfer statuses.
Learn more about executing Smart Transfers using the API.
The Smart Transfers dashboard
The Smart Transfers dashboard is displayed within the Fireblocks P2P Network page in the Console. On the landing page, you can see all Active tickets that are pending funding from either yourself or your counterparty. The Outflow and Inflow amounts display the funds from currently outstanding tickets that you are due to send and receive.
Each active ticket displays its details and current status. Select the Status to view which parties have funded the ticket. Selecting the ticket entry opens a window with all available ticket details and the transaction details for your ticket leg.
Select the Active tickets heading to switch to Ticket history. This displays all previously created tickets that are either expired, rejected or completed.
Smart Transfers ticket prerequisites
To use the Smart Transfers feature, both you and your connection must be Fireblocks P2P Network members, and connected with each other. Learn more about the Fireblocks P2P Network.
If an intermediary creates a Smart Transfer ticket, all participating parties must be connected to each other via the same Network Profiles.