Corda 1.0 released

Fintech consortium released final version of (1.0) of Corda platform
03 October 2017   915

Banking blockchain consortium R3 released the final version of the Corda platform (v.1.0).

The Corda platform is designed to reduce the costs of various business transactions. This is achieved due to the fact that companies can make transactions directly through the use of smart contracts. The latter, in turn, ensure a high level of confidentiality and security of operations.

Corda is the most inclusive, open platform in the marketplace, and the launch of v1.0 signals to our rapidly growing ecosystem of partners that they can build on the platform with complete confidence. Time and budget can be invested in learning about, prototyping with and implementing Corda to realise both theirs and their clients’ business vision for DLT. The road to commercial deployment starts here.
 

David E. Rutter

CEO, R3

Corda is a highly specialized tool developed for financial organizations. The key feature of Corda is that the platform does not use blockchain in the usual sense of the word. Instead, special notary nodes are used. Transactions that are made on Corda, are not available to all its participants. Entries in the database are available only to those network members who have the right to view and manage them.

In May, the international banking consortium R3 CEV attracted a record $ 107M investment for the corporate blockade industry.

Despite significant interest in R3 and corporate solutions based on distributed registry technology, not all participants of the consortium share the optimism of investors. So, this week it became known that the R3 left two key figures - the director of global business development Tim Grant and market research director Tim Swanson.

South Korea to Invest $1B in Blockchain Startups

Blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution, local authorities believe
19 February 2019   103

Until 2022, Seoul authorities are investing 1.2 trillion South Korean won ($ 1.07 billion) in fintech startups working with distributed ledger technology. This is reported by CoinDesk.

Funds will be allocated for the development of new technologies through the Seoul Innovation Growth Fund, created last year by local authorities. The foundation will support startups working on various solutions, including those that are in the early stages.

In the first half of this year, the Fund will allocate 13.25 billion won ($ 11.75 million) and 8.4 billion won ($ 7.45 million) in the second half of 2019. For the Korean authorities, the blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution.

The officials also noted that the average investment per start-up at an early stage of development in South Korea is almost seven times lower than, for example, in Silicon Valley.

Last fall, Seoul authorities submitted a five-year development plan for the blockchain industry.