R3 Releases Code for Distributed Ledger Tech Corda
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....
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A Barclays team has demonstrated a derivative trade using Corda, a distributed ledger platform. What challenges does Corda have to overcome before becoming the future of derivative contracts? R3 is a consortium partnership of over 40 of the world's leading banks, working on advanced distributed ledger technologies for the global financial markets. In early April 2016, R3 revealed the distributed ledger platform for financial services – Corda. Corda has been designed to manage financial agreements between regulated financial institutions. Key features of Corda include no unnecessary global....
R3 released the code for its Corda distributed ledger platform earlier this week, and market observers were quick to weigh in. The Corda codebase launched Wednesday to public consumption is an early-stage distributed ledger platform designed to record and automate legal agreements between various business entities, with a particular focus on financial institutions. The code's publication also coincided with its formal submission to the Linux Foundation-led Hyperledger project, coming amid the startup's ongoing funding efforts. R3 has pitched the release as a way to open the code up to....
When it seems like opening its Blockchain to all is the right thing for R3 consortium to do, considering all that it has endured in the month of November, Bitcoin Core Developer and Advisor to Coinkite, Peter Todd, cites that it has similarities with Bitcoin. R3 today announced that it has made the Corda distributed ledger platform open source so that it may grant the global developer community universal access to its source code. It is hoped that this will encourage collaboration and contribution from developers, and provide a review of the platform. The idea is to enable more companies....
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....
Banking consortium R3CEV revealed today that 15 of its members have completed a distributed ledger trial focused on applications in trade finance. The test reportedly focused on how its distributed ledger platform Corda could be used in accounts receivable invoicing and letter-of-credit (LC) transactions. Further, it follows news that Bank of America, HSBC and the Infocomm Development Authority of Singapore completed a similar trial today using software created by the Linux-led Hyperledger project. In statements, CEO David Rutter cited the announcement as evidence of the power of the....