Corda Review 2020

The term blockchain has been used in numerous social and corporate conversations in recent years and everyone seems to have heard about blockchain technology , but a majority of the population actually has no idea what it actually means. In order for us to clearly explain what blockchain technology actually means allow us to give you a brief breakdown about the history of how the transaction of money has evolved. Historically whenever people used to exchange valuable items there were middle men whose sole purpose was to record the authenticity of both parties and build trust between them. Currently these middle men are known as banks. The use of banks and brokers has continued over time and with the emergence of digital assets like stock, electronic money, and intellectual property the need for a more secure method has emerged. This is because digital assets are usually files within a computer that are therefore vulnerable to manipulation and theft. Thus the use of the blockchain tech...

Corda is a solution to any and all the friction in the blockchain business through not only delivering on the great early promise of the blockchain technology but also addressing business needs for interoperability as well as privacy. For instance, it enables businesses to transact directly by removing the costly frictions that are involved in any business transactions. Besides, it guarantees all the business parties that they are always in sync, which in turn enables dramatic efficiency benefits for operations in the complex business. In order to understand what the Corda project is all about, let's dig deeper looking at what it entails, its benefits, and how it achieves the privacy it promises. What is Corda? Briefly, Corda is an open source project in the blockchain business designed by the R3 community. With it being an outcome of the collaboration between technology partners and financial institutions, Corda was designed specifically targeting business from the start to se...