R3’s Corda Becomes Open Source, Joins Hyperledger
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....
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Amidst the fanfare of the release of R3's Corda distributed ledger code, another milestone slipped by almost unnoticed – Hyperledger surpassed 100 members. On its own, the news isn't that important – 100 is, after all, just a number. But combine the two reports, and you unearth a development that could define the future of blockchain. Hyperledger was created a year ago as a unifying "umbrella" for enterprise blockchain open-source development. Among the participants are blockchain companies (including R3), financial institutions and tech giants. Its approach so far has been a mix....
R3CEV, the startup behind the world's largest banking consortium focused on distributed ledger applications, has made the code for its Corda platform freely available. The open-source release coincides with R3's contribution of the code to the Hyperledger project, the Linux Foundation-led blockchain effort first launched late last year. From here, the code goes to the Hyperledger group for formal acceptance. Corda is envisioned as a permissioned distributed ledger enabling the management of legal agreements between financial institutions, with restrictions on which parties can see what....
R3’s blockchain software Corda, the product of the New York-based startup’s Concord project that aims to develop banking solutions overseen by 70 of the world’s biggest banks participating in the R3-led consortium, will go open source, via the Linux Foundation-led Hyperledger Project. R3 is spearheading what is arguably the biggest private blockchain effort, with several of world’s biggest banks, technological companies and other financial services companies taking part in its consortium. The startup’s Corda initiative – the blockchain solution software which is seen as its product to....
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....