R3’s Corda Distributed Ledger now available on Microsoft Azure

Announcements | December 28, 2016 By:

Microsoft announced the availability of R3’s Corda on Microsoft Azure.

R3’s Corda is a distributed ledger for recording and managing financial agreement between regulated financial institutions. It is mainly focused on the benefits of using blockchain systems. This design is the result of the detailed analysis and prototyping with the members and will be made open sourced.

Corda’s availability is the latest offering and addition of Microsoft’s blockchain services toolkit called Project Bletchley. First announced in June 2016, Project Bletchley is Microsoft’s endeavor to push for “an open, modular blockchain fabric powered by Azure.” Fundamentally, Microsoft is looking to provide comprehensive solutions with blockchain technology for customers on various platforms, as Blockchain as a Service (BaaS).

Microsoft’s announcement includes a demo offering of Corda via virtual machine image. While this author hasn’t tried the demo prior to publishing, Microsoft claims the demonstration will showcase Corda’s capabilities through real-world scenarios such as interest rate swap deals. Details reveal that deployment will take 3-5 minutes for the virtual machine to be created, one which will deploy a multi-member Corda demo network. The demo isn’t charged, but usage of Microsoft’s resources including storage, networking and computing will be billed.