Wednesday, May 31, 2017

Corda - A Next Generation Blockchain Technology

Corda is a distributed ledger platform designed to record, manage and automate legal agreements between business partners. Designed by (and for) the world's largest financial institutions, it offers a unique response to the privacy and scalability challenges facing decentralised applications

Corda's development is led by R3, a Fintech company that heads a consortium of over 70 of the world's largest financial institutions in the establishment of an open, enterprise-grade, shared platform to record financial events and execute smart contract logic.

Corda is now supported by a growing open-source community of professional developers, architects and hobbyists.

What makes Corda different?

1. Engineered for business
Corda is the only distributed ledger platform designed by the world's largest financial institutions to manage legal agreements on an automatable and enforceable basis

2. Restricted data sharing
Corda only shares data with those with a need to view or validate it; there is no global broadcasting of data across the network

3. Easy integration
Corda is designed to make integration and interoperability easy: query the ledger with SQL, join to external databases, perform bulk imports, and code contracts in a range of modern, standard languages

4. Pluggable consensus
Corda is the only distributed ledger platform to support multiple consensus providers employing different algorithms on the same network, enabling compliance with local regulations

Closing Thoughts 

Corda provides the opportunity to transform the economics of financial firms by implementing a new shared platform for the recording of financial events and processing of business logic: one where a single global logical ledger is authoritative for all agreements between firms recorded on it. This architecture will define a new shared platform for the industry, upon which incumbents, new entrants and third parties can compete to deliver innovative new products and services. 


sunitha vishnu said...
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sunitha vishnu said...

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