Microsoft and R3 Blockchain Consortium strengthen their partnership for deeper integration between cloud-platform Azure and Corda platform making it easy for businesses to develop their infrastructure on blockchain network.
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.
The distributed ledger consortium R3 will soon launch the first production version of its Corda platform, following two years in the development stage.
Microsoft announces its new Coco Framework, compatible with all the ledgers, to tackle throughput, latency, governance and confidentiality issues.
The new tool named ‘BlockOne IQ’ will enable Wall Street companies to utilize Thomson Reuters’ data on trading systems that run on two types of blockchain types – Ethereum and R3’s Corda.
R3 explains that Blockchain itself can’t be applied to wholesale financial markets without careful consideration – that’s why Corda was created.
R3 CEV has created its blockchain-based platform Corda specially for financial sphere.
The UK banking giant has presented the new smart contracts app designed to record and manage financial agreements among its clients.