Bitcoin Global News (BGN)
July 10, 2018 -- ADVFN Crypto NewsWire -- If you don’t know
about R3 yet, then you probably should. R3 is actually
a collection of 200 Blockchain companies that build and send out
blockchain applications for the finance and general, commerce
industries.
One of its projects is
the Corda platform, which was originally designed to be
the ideal Blockchain-type solution that can reach a scale which
easily supports the needs of businesses.
In the interest of fully
understanding what Corda is, it should be made clear that by using
the term “Blockchain-type,” we mean that it is not a Blockchain,
but it is still a decentralized ledger. Therefore, it shares most
of the same characteristics with a Blockchain, but not all of
them.
As of now, Corda exists in some
sort of general form as well as in a form that is optimized for
enterprise.
What is perhaps the most defining
feature of the Corda Enterprise ledger is that it has what is
called a “Blockchain Application Firewall.” This firewall
apparently makes it safer and more efficient for businesses to use
Corda in connection with their legacy systems.
By legacy systems, we mean existing
data centers, existing servers and any sort of technological
frameworks that already help the company do what it
does.
In addition to this, it was
announced in a recent Cointelegraph
report that R3 has, in effect, connected its two solutions
by letting Enterprise users have all of the applications that the
general platform currently supports and will support, as
well.
Cointelegraph has put forth the
general idea that Corda’s improvements to its Enterprise solution
could be coming at exactly the right time. Most of us who have any
experience in the Blockchain space know about the widespread doubts
that have been stemming from the traditional business
world.
Publications like Forbes magazine
have even run pieces that suggest that if
the Blockchain were revolutionary, than the top technology
businesses would already be using it since they arguably possess
some of the best R&D developments in the world.
While these companies still have
not embraced the Blockchain, Corda’s uniqueness just might be
enough to push more small and mid-sized businesses to do so. After
this, the giants just might follow, especially if Corda expands to
target more industries as they seemingly plan to do.
By: BGN Editorial Staff
News:
Blockchain