SBI-backed R3 company launches Corda Network! A boost for the low-liquidity cryptocurrency Ripple (XRP)!
R3 Launches Corda Network
R3, a company developing distributed ledger technology, announced on the 16th in a press release that it has launched Corda Network.
As detailed below, Corda Network is the open blockchain network that underpins banks and financial institutions using Corda.
According to the press release, Corda Network will be managed by the newly established nonprofit organization, the Corda Network Foundation, and will take over future development and deployment efforts for Corda Network.
What is Corda?
Corda is a distributed ledger technology for financial institutions developed by R3, which open-sourced it in November 2016. It has been developed in collaboration with 70 major financial institutions worldwide and is backed by investments from SBI.
In addition, Corda is a trade finance platform developed to address processes such as the handling and settlement of securities and financial derivatives, with advantages such as real-time information sharing among multiple financial institutions.
【Table of contents for this article】
1: R3 launches Corda Network
2: What is R3 with strong ties to SBI?
3: What is Corda Network?
4: Related articles about R3
