Chapter 1. Business Cases for Corda
Blockchain is evolving rapidly and is poised to dramatically change how we operate as a civilization and how societies transact, do business, and exchange value. Although the current hype may be dizzying, a no-nonsense, quiet storm is occurring within enterprises as they evaluate, test, and build solutions on blockchain, and we’ll see the fruits of this labor over the next few years. The blockchain cat is out of the bag, and there is no looking back.
Enterprises, whether private corporations, nonprofits, or governments, that have their ears tuned to this shift will potentially reap the benefits of new revenue streams and sustainable competitive advantage through significant cost reduction. Enterprises taking a wait-and-see approach may realize gains later but with higher risks or costs and reduced upside potential, or they’ll just be disrupted into oblivion. This technology is called blockchain, enterprise blockchain, or distributed ledger technology (DLT).1
One of the leading platforms in this emerging market is Corda, which takes the best of public blockchains like Bitcoin and Ethereum, where anyone can transact, and retrofits them for enterprise requirements, where privacy and identity are critical.
Corda is a platform built on blockchain concepts—an interpretation of blockchain and how it can be applied to enterprise and business use cases, much like how MySQL and MongoDB are interpretations of database concepts and tenets. Corda is a ...
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