R3's Corda Code Debut Draws Mixed Response
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....
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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....
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....
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....
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....
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....