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Attracting over 70 of the world’s biggest financial institutions to its consortium in just over a year, R3 has accomplished a formidable task. Aiming to rethink the fabric of the financial system, they first conducted experiments testing blockchain platforms for their member and last year began developing their own distributed ledger platform: Corda.
The effort to build Corda was lead by R3 CTO Richard Brown and the former Bitcoin developer and R3 lead architect Mike Hearn. In a wide-ranging discussion, we covered the vision of the project and why it represents a radical departure from existing blockchain platforms.
Topics covered in this episode:
The origin story of R3Why existing blockchain designs didn’t meet their needsHow the R3 team lead a design effort to develop a new platform from scratchThe business problem Corda is aiming to solveThe components of Corda’s architectureHow Corda handles privacyNotaries and preventing double spendsOpen sourcing Corda and the plan to join Hyperledger Episode links:
R3 Corda: What Makes it Different Introducing R3 Corda: A Distributed Ledger for Financial Services Corda: An Introduction [PDF] R3 Website E151 - Ian Grigg: Ricardian Contracts and Digital Assets Prehistory Smart Contract Templates: Foundations, Design Landscape & Research Directions This episode was hosted by Brian Fabian Crain & Meher Roy, and is availble on YouTube, SoundCloud, and our website.
