Blockchain Firm R3 Launches Paid Version Of Corda Platform

Announcements, Blockchain, News | July 10, 2018 By:

Blockchain software firm R3 has released a commercial version of its Corda blockchain platform, which offers added features aimed at regulated institutions.

Called Corda Enterprise, the new paid version of the platform has been specifically optimized to meet the demands of modern day businesses, especially complex institutions. It includes a Blockchain Application Firewall, which enables the platform to be deployed inside corporate data centers, while retaining the ability to communicate securely with other nodes anywhere else in the world. It also facilitates seamless integration with industry-standard enterprise databases, such as Oracle and SQL. Additional features include 24/7 support, predictable release schedules, governance, performance and availability monitoring, enhanced security, high-availability, disaster-recovery and high-performance modes.

“Traditional permissionless blockchain platforms, in which all data is shared with all parties, have issues around privacy, scalability and interoperability that render them largely unsuited for global business,” said Richard Gendal Brown, CTO at R3. “This is the problem Corda was designed to solve and it is gaining adoption at a rapid pace across a range of industries. However many enterprises – especially larger ones – face unique technical constraints. Corda Enterprise fine tunes Corda for these firms so that they can adopt blockchain technology in a way that is straightforward and natural. The launch of the platform is a watershed moment for business blockchain technology.”

According to R3, applications developed by its partners, such as Finastra, Gemalto, Guardtime, GuildOne, TradeIX and Tradewind Markets, are now live on both Corda Enterprise and Corda, serving a rapidly growing community of end users in sectors as diverse as insurance, healthcare, shipping and financial services.

“Corda Enterprise marks the beginning of a new phase for the blockchain industry that will allow businesses to build enterprise-grade applications securely using cutting-edge technology,” said John Velissarios, Managing Director, Global Blockchain Technology Lead, at Accenture. “As blockchain becomes increasingly mainstream, we believe Corda will emerge as a true market leader across the financial industry and beyond.”