© Debajani Mohanty 2019
D. MohantyR3 Corda for Architects and Developershttps://doi.org/10.1007/978-1-4842-4529-3_5

5. Finance Domain—Real-Time e-Auction; Trade Finance and Letter of Credit

Debajani Mohanty1 
(1)
Noida, Uttar Pradesh, India
 

In this chapter, we will discuss real-life use cases that you can refer to for implementing in your business area. Just like Corda let’s start with the finance domain, where Corda is the primary choice among DLTs for implementations in banks and the Fintech industry. Let’s discuss two different use cases: e-auction and trade finance.

Real-Time e-Auction

Since the beginning of human civilization, auctions have been part of our system. An auction is the process where sellable products or services are offered for bid, ...

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