China's blockchain project BSN to integrate R3 Corda
Chinese banks will soon have access to a permissioned version of the Corda Enterprise infrastructure via the country's Blockchain Service Network. Red Date Technology, one of the builders of China’s Blockchain-based Service Network, has obtained licensing rights from R3 to resell both the free and enterprise Corda implementations in China.According to a press release by R3, the news marks the first occasion of the BSN developer being able to resell enterprise blockchain technology from an overseas company.Since the R3 deal is with BSN China, developers will create a permissioned version of....
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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....
“There isn’t some law of nature that says the set of people who have to be in consensus is the whole world. Bitcoin just happens to work that way because of its unique business problem. If you don’t have Bitcoin’s business problem then be very wary of those trying to sell you something that looks like a Bitcoin solution.” The R3 consortium is actively developing a blockchain solution that can integrate with the existing legacy system, and their partnership with a lot of the world’s leading banks will help them achieve that goal. Corda, their distributed ledger platform for managing....
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....
R3’s blockchain software Corda, developed by the Fintech startup alongside 70 of the world’s biggest banks forming the R3 consortium, is now available on Microsoft’s cloud computing platform, Azure. Announced quietly last week, the revelation comes soon after Corda’s code was contributed to the Linux Foundation-led Hyperledger Project on November 30. R3 first announced its decision to go open-source with Corda, the product of its Concord blockchain product, in October this year. Elaborating on R3’s year-long development, Richard Brown, technology chief at R3 claims: Corda is a distributed....
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....