Leading DISTRIBUTED PLATFORM

Capitalize on the new digital economy—transact openly and securely, at scale

The leading distributed application platform powering multi-party workflows in regulated digital finance. Corda was engineered to meet the needs of customers who are operating at scale in regulated environments. It delivers on R3’s promise of enabling an open, trusted and connected ‘network of networks’ in high-performance regulated markets.

SPEED UP AND SCALE UP

The foundation you need to move forward

Designed to work with today’s financial services industry and with existing enterprise technology, Corda is a permissioned ledger, asset modeling tool and workflow routing engine all in one flexible and scalable platform. Corda powers solutions that modernize and decentralize assets without compromising on privacy and regulatory oversight. 

Flexibility

A cloud-native architecture for configurable and scalable app deployments

Modular APIs

Build distributed applications with business workflow logic baked in

Peer to Peer communications

Standard HTTPS web protocols for exchanging data

Native smart contracts

Model digital assets on ledger, eliminate data reconciliation and automate business processes

Automated workflows

Business logic is automated, ensuring multi-party processes are orchestrated easily

App interoperability

Seamlessly exchange value with other Corda-powered apps

Horizontal scalability

Identity, network and notary features all in one ‘runtime instance’ to better manage costs

Recognized vendor

In blockchain platforms and tokenization categories in Gartner 2022 Blockchain Hype Cycle Report

Standard PKIs

Ensures maximum security compliance

Cloud-native tech

A highly-available, configurable and scalable platform that enables remote access to applications

Network model flexibility

Start with a centralized, private network and gradually decentralize over time

High Availability & performance

99.99 uptime. Corda enables up to 20,000 transactions per second which guarantees scalability

Industry standard protocols 

Secure messaging, integration, management and connectivity

SMART CONTRACTS, TOKENIZATION AND LEDGER ALL IN ONE

Who trusts Corda to power a new breed of financial services?

Global financial leaders rely on R3’s Corda because it is a modern cloud-based DLT platform that can scale for growth and large volumes, while offering network model flexibility. Corda uses standard sets of technologies to enable ease-of-deployment and integration with existing systems.

HSBC uses Corda for digital asset initiatives

By using Corda as an overlay to existing systems we can gain business benefits around transparency, workflow and audit trail about FX transactions from trade capture through settlement.

Mark Williamson – Managing Director, HSBC
CASE STUDY

Fragmos Chain digitalizes interactions between OTC derivatives market participants

Corda’s private, permissioned blockchain was the optimal choice for us because it offers both the best technology and the best privacy. It also brings commercial advantages as part of a wider ecosystem of financial firms and is aligned with ISDA’s standards. Finally, our solution requires very complex smart contracts, and the fluidity offered by Corda in this area is ideal.

Daniel Ivanier – Founder and CEO-Fragmos Chain
Want quick facts?

Check out our Corda fact sheets

Fact sheet
Corda Fact Sheet
Fact sheet
Corda for Digital Assets
Native privacy, security, scalability and ease-of-integration

The Corda difference

At R3, we recognize the journey to a new digital economy will be an evolution—not a revolution. And every Corda design choice was made with this key premise in mind.

Why choose Corda

Data privacy

Corda is an open permissioned blockchain as it shares data only with the parties involved in the transaction—unlike public blockchains and DSL-based solutions which broadcast transaction data to the entire network.

Security

With Corda security is never an issue. Each entity must be tied to a legal entity and granted access to join the network.

Settlement finality

The consensus model guarantees that assets have deterministic settlement finality and cannot be ‘walked back’.

Sustainability

Transactions don’t need to be sequential, ensuring the system is incredibly efficient and uses far less energy than a public Proof of Work or Proof of Stake blockchain.

Multi-tenancy

Virtual Nodes can host multiple different identities and networks. They manage and install the network and apps from a single installer to lower cost of ownership and simplify network management.

Regulatory compliant

Today regulated institutions cannot access DeFi due to compliance and regulatory concerns. Corda capabilities are grounded in legal constructs and compatible with emerging standards and regulations such as ISO 20022 and ISDA CDM. 

What you can do with Corda

Manage the lifecycle of digital assets and digital currencies

Create, trade, track and manage the end-to-end lifecycle of digital assets, CBDCs and fiat-backed stablecoins to open new revenue streams.

Streamline workflows

Leverage smart contracts to streamline inter-firm automation across a business network and orchestrate complex multi-party workflows with resilience. Corda supports centralized or decentralized architecture.

Modernize paper-based business processes

Open up new revenue streams, save time and resources, and reduce risks through tokenization and other forms of asset digitization.

Maintain a single source of truth

Record, manage and synchronize shared data between multiple parties across a ledger to ensure consistency and eliminate errors.

Issue bearer-based instruments

Corda enables the issuance of physical cash or digital currencies because it supports both account-based models, which verify the identity of the transacting party and token-based, which verify the validity of the object used to pay. 

Expand into new parts of the value chain

Deliver connected and transparent business networks that meet customer demands for real-time information, payments, and settlement.

Bridging hard and smart contracts

How smart contracts work on Corda

Smart contracts on Corda are compatible with existing and future regulations and grounded in legal constructs. They record and manage the evolution of financial agreements and other shared data between two or more permissioned, identifiable parties. Supervisory and regulatory bodies can be given access to the network as observers to verify the contract.

Smart contracts on public blockchains like Ethereum publicly broadcast all transactions to all network participants rather than on a need-to-know, permissioned basis and are not grounded in legal constructs.

An Open core platform that grows with you

Community and Enterprise Editions of Corda

Corda is available in two fully supported editions—Community and Enterprise—that align to where builders are in their Corda journey. Both editions share the same open-source code base ensuring a stable, secure and innovative tech stack. The Community Edition of Corda is ideal for participants who are just getting started and performs and scales for production. The Enterprise Edition offers a more complete platform providing add-on features for convenience and enterprise infrastructure support.

Why Open Source?  

  • Explore the code—Developers can inspect and verify Corda source code themselves  
  • Start small and grow with Corda—Build and run your first Corda application using production grade open-source code on the Community Edition and eventually move to the Enterprise Edition as you require more features and support  
  • Enterprise ecosystem—Leverage an existing enterprise infrastructure for Corda deployment, operations and security compliance

Professional Services is available for both Corda Editions to quicken your time to market.

INTEGRATE WITH ASSETS THAT ORIGINATE ON A NON-CORDA NETWORK.  

R3’s commitment to interoperability 

Blockchain is a once-in-a-generation innovation that will move industries away from siloed processes and foster inter-connected public and private networks. That’s why we’re actively engaged in asset bridging and atomic swaps proof-of-concepts that show non-traditional digital assets coming securely into and out of a regulatory-compliant Corda-based network.

The power of distributed connected networks

Single identity with mutual memberships

Corda provides the ability to maintain identities across all Corda-based networks and ensures all CorDapp identities are tied to a legal entity reducing security risks.

Asset fluidity

Digital assets and currencies can move freely across network boundaries using well-defined trusted exchange protocols that meet regulatory demands for privacy and security.

Unlocking ‘Regulated Web3’

R3 is building interoperability to ensure Corda can act as a bridge to liquidity beyond the Corda ecosystem. In the future, non-traditional digital assets will travel securely into and out of regulated Corda-based networks.

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