According to the consortium, a new blockchain-based solution will enable fast and efficient international transactions among financial organizations.
Enterprise software firm R3 has introduced version 1.0 of Corda distributed ledger platform and, with it, core API stability.
R3 explains that Blockchain itself can’t be applied to wholesale financial markets without careful consideration – that’s why Corda was created.
R3 aims to encourage collaboration and contribution to the Corda platform by giving developers an access to the source code.
The Chief Technology Officer of the R3 project has unveiled a new blockchain-based platform designed to record and synchronise agreements across financial institutions.