Jump to content
Sign in to follow this  
peanut56

Corda Network launches with new governing foundation

Recommended Posts

    For those that don't know Corda will utilize as and option XRP to settle cross border payments. For those that have been here a while (a joke for the new folks on the forum) price drop is imminent.

   This is exciting news! I'm giving credit to Janko.jankovic on cryptocompare for sourcing the article.  

https://www.r3.com/news/corda-network-launches-with-new-governing-foundation/

Edited by peanut56
Forgot to add link

Share this post


Link to post
Share on other sites

link: https://www.r3.com/news/corda-network-launches-with-new-governing-foundation/

Quote

Press Release

Corda Network launches with new governing foundation

  • Corda Network allows digital assets and data to flow easily and securely between businesses running Corda or Corda Enterprise
  • Corda Network Foundation is now set up to independently govern the network

16thJanuary 2019 (London) – R3 has launched Corda Network, the underlying, open shared blockchain network linking participants using Corda. Corda Network will be operated and managed by a new independent not-for-profit organisation, the Corda Network Foundation.

Corda Network provides a common layer of identity and consensus for participants on Corda and Corda Enterprise. It is an open shared infrastructure, which enables compatibility between participants on the network.

[...]

also: https://www.biedex.com/r3-announces-independent-governing-foundation-for-corda-network/

Edited by zerpdigger

Share this post


Link to post
Share on other sites

i think R3 are actually making some excellent moves... if only ripple had done the same initially and started an XRP Foundation to better divvy up the XRP etc -- oh well, what's done is done... anyway, i've bene reading all the corda/r3 blogs coming out and they are so on the ball, making insanely good progress and xrp will be able to compete on a level playing field within it, via the corda settler

Share this post


Link to post
Share on other sites

So does this mean that different Cordapps on the Corda Platform can share each others information and/or businesses that make use of multiple Cordapps can pair them together to share information and make things run more streamlined?

So for example if an insurance company uses a Cordapp for managing a property portfolio and they decide they want to use another Cordapp to calculate expenses they can share information between property and expenses without having to have 2 separate pieces of software, 2 sets of costs and 2 APIs?

Does this make them a competitor to someone like SAP?

Sorry, 100 questions. Seems like good news though if it all has the option to settle through XRP.

Share this post


Link to post
Share on other sites
2 hours ago, swanny86uk said:

So does this mean that different Cordapps on the Corda Platform can share each others information and/or businesses that make use of multiple Cordapps can pair them together to share information and make things run more streamlined?

So for example if an insurance company uses a Cordapp for managing a property portfolio and they decide they want to use another Cordapp to calculate expenses they can share information between property and expenses without having to have 2 separate pieces of software, 2 sets of costs and 2 APIs?

Does this make them a competitor to someone like SAP?

Sorry, 100 questions. Seems like good news though if it all has the option to settle through XRP.

They do.

https://www.r3.com/news/r3-launches-universal-corda-settler-application/ December 5, 2018

R3, the world’s leading developer of enterprise blockchain solutions for business, today launched its new Corda Settler, an application purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the world’s payment systems, both traditional and blockchain-based. XRP is the first globally recognized cryptocurrency to be supported by the Settler, bringing the Corda and XRP ecosystems into closer alignment.

https://www.ledgerinsights.com/r3-corda-ripple-xrp-payments/

R3 reveals Corda payments app, integrates with XRP

1 month ago

by Nicky Morris

Today R3, the enterprise blockchain company, announced the release of an open-source universal payments application on its Corda Network. The company says the Corda Settler dApp will enable payments through “any of the world’s payment systems”, both conventional and digital currencies. XRP the cryptocurrency associated with Ripple is the first digital currency to be supported.

Until three months ago, R3 and Ripple were involved in major litigation which at times was worth up to $18 billion at XRP’s peak price. R3 was to promote Ripple to a consortium of banks but got sidetracked with its own fundraising. At the same time, there was a separate contract wherein R3 received options to buy 5 billion XRPs at 0.85 cents. Ripple canceled the options contract which was at the heart of the dispute, but the case was settled without disclosing details. Today XRP is valued at more than 34 cents.

The R3 statement said that Corda Settler would bring “the Corda and XRP ecosystems into closer alignment”.

Corda’s Settler has the potential to enable settlement for any Corda payment obligation by any parallel payment rail. That could be a cryptocurrency or stable coin, or a traditional payment rail. However, in the latter case, it has to be capable of providing cryptographic proof of settlement. “Oracles” which enable blockchains to communicate externally, are used to confirm the settlement. Once payment is verified, the Corda ledger will be updated.

Plans for the next stage include support for net settlement and real-time gross settlement payments.

“While the Settler will be open to all forms of crypto and traditional assets, this demonstration with XRP is the next logical step in showing how widespread acceptance and use of digital assets to transfer value and make payments can be achieved,” said Richard Gendal Brown, Chief Technology Officer at R3.

Share this post


Link to post
Share on other sites
2 hours ago, WhentheBoat_ComesIn said:

R3, the world’s leading developer of enterprise blockchain solutions for business, today launched its new Corda Settler, an application purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the world’s payment systems, both traditional and blockchain-based. XRP is the first globally recognized cryptocurrency to be supported by the Settler, bringing the Corda and XRP ecosystems into closer alignment.

giphy.gif

Share this post


Link to post
Share on other sites

Corda Network launches with new governing foundation

https://www.r3.com/news/corda-network-launches-with-new-governing-foundation/

 

Ripple News: R3 Launches Corda Network — How Does This Impact XRP?

https://www.investinblockchain.com/r3-launches-corda-network/

Research on market size that Ripple and R3 seems to be related. It's a huge market

 

Edited by jabit

Share this post


Link to post
Share on other sites
2 hours ago, jabit said:

 

1 hour ago, opaopa said:

I hope you are right. Is r3 the new Swift?

I've seen variations of this picturing circling the web and I don't know if it is legit, but it certainly is plausible that we are witnessing something really big unfold.

image.thumb.png.26ab154c160566514fe80750e4802ebf.png

Quote

 

From Javit's link:

Corda Network launches with new governing foundation

Corda Network allows digital assets and data to flow easily and securely between businesses running Corda or Corda Enterprise

Corda Network Foundation is now set up to independently govern the network

16thJanuary 2019 (London)

Corda Network allows for the transfer of data and digital assets between communities of nodes (business networks) and different CorDapps. Participants can therefore create private ecosystems within their organisation, or with trusted commercial partners, while remaining interoperable with the wider Corda community where appropriate. Relevant information can be shared between applications and organisations, creating efficiencies and avoiding duplication. Corda Network also includes identity verification and privacy services to ensure that participants can operate on the network safely.

Sylvain de Crom, Chief Product Officer, B3i

“The true value in Corda Network lies in improving the fluidity of transactions and the transfer of assets, data and finance in a secure and efficient manner.

“We are very pleased to see the successful launch of the Corda Network in which we have been involved in active testing. Interoperability of blockchain-based software is at the core of what we are building in B3i. The potential for this to cascade throughout, not just insurance, but banking, supply chain and other industries is extremely important for global commerce.”

 

Most of this stuff is way over my head but from what I can gather XRP is the chosen bridging asset in this linked in system

Nice thread Javit - and to think you were so worried about SWIFT GPI at one stage!

 

Edited by Julian_Williams

Share this post


Link to post
Share on other sites
27 minutes ago, Julian_Williams said:

I've seen variations of this picturing circling the web and I don't know if it is legit, but it certainly is plausible that we are witnessing something really big unfold.

If the picture is true... then this is very nice :)

Share this post


Link to post
Share on other sites
Sign in to follow this  

×