Corda Blasted as R3 Fail Funding Goals
Several multi-billion dollar banks including Goldman Sachs, Santander and Morgan Stanley have officially left the R3 blockchain consortium, an organization established by R3CEV to focus on the development of industry standard blockchain-based systems. R3 CEV Shake Up Sees Member Banks Leave Consortium. A few days after Goldman Sachs’ bailout was....
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Financial technology firm Calypso has inked a deal with blockchain consortium R3 to develop applications for its Corda platform. Calypso, founded in the 1990s, develops software for capital markets. It is working with R3 to build a trade confirmation app to function on top of Corda, a distributed ledger platform for managing financial contracts. Corda, formally unveiled in April, is expected to be released open-source later this week. In statements, the firms suggested that the trade confirmation app would be the first of a number of products developed by Calypso for the Corda platform.....
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....
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....
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....
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....