Model digital assets on ledger, eliminate data reconciliation and automate business processes
Business logic is automated, ensuring multi-party processes are orchestrated easily
Build on what you use
Build CorDapps using existing general purpose languages like Java, C and Kotlin versus bespoke domain specific languages
Flexible smart contracts, workflows and ledger all in one
Who trusts Corda to power a new breed of financial services?
Global financial leaders rely on the Corda DLT platform because it’s proven in production, regulatory-friendly and works within their current processes and systems. At R3 we recognize the journey to a new digital economy will be an evolution—not a revolution. And every Corda design choice was made with this key premise in mind.
Corda’s private, permissioned blockchain was the optimal choice for us because it offers both the best technology and the best privacy. It also brings commercial advantages as part of a wider ecosystem of financial firms and is aligned with ISDA’s standards. Finally, our solution requires very complex smart contracts, and the fluidity offered by Corda in this area is ideal.
Daniel Ivanier – Founder and CEO-Fragmos Chain
A platform that grows with you
Community and Enterprise Editions of Corda
Corda is available in two fully supported editions—Community and Enterprise—that align to where builders are in their blockchain journey. The Community Edition of Corda is ideal for participants who are just getting started and offers production-ready open source code and additional support packages. The Enterprise Edition is a licensed version with mission-critical features and capabilities, along with premium support and is ideally suited for production in regulated environments.
Native privacy, security, scalability and ease-of-integration
The Corda difference
Corda uniquely offers the underlying ledger, asset modeling capabilities, and workflow routing engine all in one. As the only private, peer-to-peer DLT platform that integrates with existing databases and languages—financial services leaders leverage Corda to build applications for managing the lifecycle of digital assets and digital currencies, improving workflows, connecting latent networks and so much more.
Corda is a permissioned or private blockchain as it shares data only with the parties involved in the transaction—unlike public blockchains and DSL-based solutions which broadcast transaction data to the entire network.
With Corda security is never an issue. Each entity must be tied to a legal entity and granted access to join the network.
Integration with existing systems
Applications built on top of Corda work seamlessly with most business systems, including Azure SQL, SQL Server, Oracle, and PostgreSQL and the Java Virtual Machine.
Corda enables up to 20,000 transactions per second which guarantees scalability. The consensus model also guarantees that assets have deterministic settlement finality and cannot be ‘walked back’.
Transactions don’t need to be sequential, ensuring the system is incredibly efficient and uses far less energy than a public Proof of Work or Proof of Stake blockchain.
Today regulated institutions cannot access DeFi due to compliance and regulatory concerns. Corda capabilities are grounded in legal constructs and compatible with emerging standards and regulations such as ISO 20022 and ISDA CDM.
Manage the lifecycle of digital assets and digital currencies
Create, trade, track and manage the end-to-end lifecycle of digital assets, CBDCs and fiat-backed stablecoins to open new revenue streams.
Leverage smart contracts to streamline inter-firm automation across a business network and orchestrate complex multi-party workflows with resilience. Corda supports centralized or decentralized architecture.
Modernize paper-based business processes
Open up new revenue streams, save time and resources, and reduce risks through tokenization and other forms of asset digitization.
Maintain a single source of truth
Record, manage and synchronize shared data between multiple parties across a ledger to ensure consistency and eliminate errors.
Issue bearer-based instruments
Corda enables the issuance of physical cash or digital currencies because it supports both account-based models, which verify the identity of the transacting party and token-based, which verify the validity of the object used to pay.
Expand into new parts of the value chain
Deliver connected and transparent business networks that meet customer demands for real-time information, payments, and settlement.
Smart contracts on Corda are compatible with existing and future regulations and grounded in legal constructs. They record and manage the evolution of financial agreements and other shared data between two or more permissioned, identifiable parties. Supervisory and regulatory bodies can be given access to the network as observers to verify the contract.
Smart contracts on public blockchains like Ethereum publicly broadcast all transactions to all network participants rather than on a need-to-know, permissioned basis and are not grounded in legal constructs.
INTEGRATE WITH ASSETS THAT ORIGINATE ON A NON-CORDA NETWORK.
R3’s commitment to interoperability
Blockchain is a once-in-a-generation innovation that will move industries away from siloed processes and foster inter-connected public and private networks. That’s why we’re actively engaged in asset bridging and atomic swaps proof-of-concepts that show non-traditional digital assets coming securely into and out of a regulatory-compliant Corda-based network.