R3-Corda: Blockchain platform developed by banks to be open-source
More
-
Les obligations institutionnelles en libre acquisition sur la blockchain légitiment les crypto-monnaies
-
RecordsKeeper - An Open Public Ecosystem for Record Keeping and Data Security
-
Quant Network's Overledger Set to Harness Blockchain Technology to Power the Next Industrial Revolution
-
Kalibrate Blockchain developing universal patient index
-
FormulA - The Ultimate Solution for Real Assets on the Blockchain
The blockchain platform aims to develop banking solutions and represents the shared effort among banks, insurers, fund managers and others in order to explore the potentials of blockchain technology in financial markets. R3 believes that this Corda platform will become the industry standard for the emerging technology by making it publicly available.
"We want other banks and other parties to innovate with products that sit on top of the platform, but we don't want everyone to create their own platform, because we'll end up with lots of islands that can't talk to each other," R3's chief engineer, James Carlyle, told Reuters. “If we have one platform with lots of products on top, then we get something that's more like the internet, where we still get innovation but we can still communicate with each other."
The platform’s code will b e contributed to the cross-industry project led by the non-profit Linux Foundation – Hyperledger – on November 30, 2016, in order to advance blockchain technology by coming up with common standards.
"Blindly investing millions of dollars in small, disparate technology projects is not appropriate for banks at a time when budgets are stretched," David Rutter, R3's chief executive told Reuters. "The risk of backing the wrong horse could far outweigh the potential gains. Given that the power of this technology lies in its network effect, the consortium model is the ideal method to get it off the drawing board and into the wholesale financial markets."
Corda, using blockchain technology can handle more complex transactions, but at the same time, restricts access to transactions. It was specifically developed for the financial world like processing of securities and derivatives, payments, among others.
https://r3cev.com/press/2016/10/20/exclusive-blockchain-platform-developed-by-banks-to-be-open-source
"We want other banks and other parties to innovate with products that sit on top of the platform, but we don't want everyone to create their own platform, because we'll end up with lots of islands that can't talk to each other," R3's chief engineer, James Carlyle, told Reuters. “If we have one platform with lots of products on top, then we get something that's more like the internet, where we still get innovation but we can still communicate with each other."
The platform’s code will b e contributed to the cross-industry project led by the non-profit Linux Foundation – Hyperledger – on November 30, 2016, in order to advance blockchain technology by coming up with common standards.
"Blindly investing millions of dollars in small, disparate technology projects is not appropriate for banks at a time when budgets are stretched," David Rutter, R3's chief executive told Reuters. "The risk of backing the wrong horse could far outweigh the potential gains. Given that the power of this technology lies in its network effect, the consortium model is the ideal method to get it off the drawing board and into the wholesale financial markets."
Corda, using blockchain technology can handle more complex transactions, but at the same time, restricts access to transactions. It was specifically developed for the financial world like processing of securities and derivatives, payments, among others.
https://r3cev.com/press/2016/10/20/exclusive-blockchain-platform-developed-by-banks-to-be-open-source
Les médias du groupe Finyear
Lisez gratuitement :
BLOCKCHAIN DAILY NEWS
Le quotidien Blockchain Daily News :
- Blockchain Daily News
Sa newsletter quotidienne :
- Blockchain Daily News Newsletter
Recevez chaque matin par mail la newsletter Blockchain daily News, une sélection quotidienne des meilleures infos et expertises en Blockchain révolution.
Sa lettre mensuelle digitale :
- The Chief Blockchain Officer
FINYEAR
Le quotidien Finyear :
- Finyear Quotidien
Sa newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en Finance innovation & Digital transformation.
Ses 5 lettres mensuelles digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- The Chief FinTech Officer
- The Chief Digital Officer
Finyear magazine trimestriel digital :
- Finyear Magazine
Un seul formulaire d'abonnement pour choisir de recevoir un ou plusieurs médias Finyear
BLOCKCHAIN DAILY NEWS
Le quotidien Blockchain Daily News :
- Blockchain Daily News
Sa newsletter quotidienne :
- Blockchain Daily News Newsletter
Recevez chaque matin par mail la newsletter Blockchain daily News, une sélection quotidienne des meilleures infos et expertises en Blockchain révolution.
Sa lettre mensuelle digitale :
- The Chief Blockchain Officer
FINYEAR
Le quotidien Finyear :
- Finyear Quotidien
Sa newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en Finance innovation & Digital transformation.
Ses 5 lettres mensuelles digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- The Chief FinTech Officer
- The Chief Digital Officer
Finyear magazine trimestriel digital :
- Finyear Magazine
Un seul formulaire d'abonnement pour choisir de recevoir un ou plusieurs médias Finyear