Mastering Blockchain

Corda

Corda is not a blockchain. Traditional blockchain solutions, as discussed before, have the concept of transactions that are bundled together in a block and each block is linked back cryptographically to its parent block, which provides an immutable record of transactions. This is not the case with Corda: Corda has been designed entirely from scratch with a new model for providing all blockchain benefits, but without a traditional blockchain. It has been developed purely for the financial industry to solve issues arising from the fact that each organization manages their own ledgers and thus have their own view of truth, which leads to contradictions and operational risk. Moreover, data is also duplicated at each organization which results ...