R3 has launched Corda Enterprise, a commercial version of its open source blockchain platform, Corda.
R3 said that the platform is specifically optimised to meet the demands of modern day businesses, especially complex institutions.
Other features of the platform include optimisation for real-world corporate IT environments, support for Oracle and SQL server databases, and cross-distribution and cross-wire capability.
Richard Gendal Brown, CTO at R3, commented: “Traditional permissionless blockchain platforms, in which all data is shared with all parties, have issues around privacy, scalability and interoperability that render them largely unsuited for global business.”
“This is the problem Corda was designed to solve and it is gaining adoption at a rapid pace across a range of industries.”
Gendal Brown continued: “However many enterprises—especially larger ones—face unique technical constraints. Corda Enterprise fine tunes Corda for these firms so that they can adopt blockchain technology in a way that is straightforward and natural.”
Jacqueline Morcombe, global solution lead, lending, Finastra, added: “Finastra selected Corda to build our blockchain-based solution, Fusion LenderComm, due to its strong levels of privacy and security.”
John Velissarios, managing director, global blockchain technology lead, at Accenture, said: “Corda Enterprise marks the beginning of a new phase for the blockchain industry that will allow businesses to build enterprise-grade applications securely using cutting-edge technology.”
Michael Reed, senior director of blockchain solutions at Intel Corporation, stated: “Intel is actively collaborating with R3 to address the privacy capabilities businesses require to accelerate blockchain adoption using silicon-based technologies like Intel Software Guard Extensions (Intel® SGX), which can help improve the privacy and security of blockchain solutions.”
Ivar Wiersma, head of innovation, ING Wholesale Banking, commented: “With the launch of Corda Enterprise, we can now deliver the security, privacy and reliability features that customers and regulators expect from financial institutions.”
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