R3CEV Unveils Corda, But ‘Is Not Building a Blockchain’
A new form of technology is being worked on by the giant blockchain Consortium R3CEV. On April 5th the startup’s blog post introduced Corda, “a distributed ledger designed for financial services” and the company explains the concept is a unique protocol very different than the blockchain technology we know of today. R3’s chief technology officer Richard....
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Peter Todd recently tweeted about the launch of Corda, R3CEV's distributed financial ledger technology, receiving mixed response from the cryptocurrency community. Peter Todd, the Core Bitcoin Developer has recently tweeted about his work with R3CEV, the New York-based fintech company responsible for the development of blockchain technology that banking consortium. His tweet comes at the time R3CEV announced the release of its distributed ledger technology, Corda built using the blockchain technology originally introduced by Bitcoin. R3CEV is a New York-based fintech innovation company....
One major criticism on private Blockchain development initiatives led by banks and financial institutions has been the ambiguity in the coding language and structure of permissioned ledgers. The R3 Consortium is attempting to neutralize it by open sourcing its technology. R3 Corda, a private Blockchain platform specifically developed for financial establishments with massive transactional volumes by R3CEV, is officially rendered open source by the consortium after over 70 of its member financial institutions came to a consensus in setting a standard for the Blockchain technology. Vision....
Consortium startup R3CEV today announced it is working on a distributed ledger that might otherwise be considered a blockchain, but which the company made perfectly clear is anything but. Far from the permissionless ledger of transactions popularized by bitcoin, R3's technology, called Corda, claims to be tailor-made for financial institutions. The only information that’s decentralized is whatever the members choose is necessary. In a blog post published today, R3’s chief technology officer and the man in charge of the project, Richard Gendal Brown, described one of the key differences....
R3's Corda distributed financial ledger platform will soon become open source as it becomes part of the Hyperleger project. Corda, the distributed financial ledger created by R3CEV led international banking consortium for blockchain technology will be made open source. The latest development was announced by the consortium recently. According to news reports, the codes for R3 consortium’s Corda blockchain platform will be handed over to the Hyperledger project. Hyperledger project is an initiative of Linux Foundation along with some of the leading information technology, blockchain....
In a recent blog, “When is a blockchain not a blockchain” R3 noted that its Corda product is a distributed ledger and not a blockchain, and that it was never stated as such. The blog was in response to public comments claiming that R3 has only recently recognized that blockchain technology will not address wholesale financial industry needs. The blog noted R3 is flattered by the attention Corda has recently received after sources noted that the words “No block chain’ because we don’t need one” was used in an R3 presentation. The blog said R3 has from the beginning referred to Corda as a....