Corda - Blockchain made for business
Corda
Blockchain made for business
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Hunter's comment
Today I bring you to an amazing hunt : Corda, that promises to be the third wave of blockchain technology. Bitcoin brought the concept of Distributed Ledger, Immutability and Consensus and is considered to be the first wave of blockchain technology.However, High transaction cost, lack of support for complex logic to support business rules and Inability to represent assets or agreements outside of a simple currency or token has been its major drawbacks. Ethereum along with IBM’s Fabric, addressed some of these concerns and have added more value to the Blockchain technology. However, they also run on a single shared ledger allowing any participant to view all transactions. And transaction finality is also an issue, where transaction is run with ambiguity, having a chance where the block can be rejected.
Corda solves all these problems where transactions are visible to only those who are participants of the transaction. It has a unique architecture, making it a complete Business Platform
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Contributors
Hunter: @sanmi
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amazing application and Corda has really come up with solving a real problem which other blockchains lacked. I'm impressed in a way that they first studied the market challenges and problems and then with an approach of outside - In developed Corda for a blockchain for Business. And moreover, it makes sense showcase transactions visible to only those who are participants of the transaction. Great hunt friend. Cheers.
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