Share this article
R3's DLT Software Corda Enters Public Beta
Consortium startup R3 is moving ahead with development of its distributed ledger software Corda, which has now entered beta.
By Wolfie Zhao
Updated Sep 11, 2021, 1:26 p.m. Published Jun 12, 2017, 10:00 a.m.
Make us preferred on Google
Distributed ledger startup R3 has announced a significant milestone for its signature Corda platform.
According to Richard Gendal Brown, the startup's architect and CTO, Corda has now moved to its first public beta phase, marking a notable milestone that follows its launch in November 2016. Brown announced the news in a blog post last week, adding that the latest version of the software includes new API documentation and an expanded codebase.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Corda is a distributed ledger platform providing APIs and codes for companies to build up blockchain-like applications, and is aimed at creating more efficiency in existing global financial markets.
As such, the development follows R3's more than $100m fundraising, announced at CoinDesk's Consensus 2017 conference, and as more enterprises are seeking to launch live networks using the software.
, the Japanese financial giant Mizuho Group, intends to use Corda to "digitize documents like letters of credit and bill of lading invoices", a process it believes can reduce fraud, increase transparency and enhance the shift away from paper records.
Brown also said the Corda development team has been working with members privately to prove Corda, and that the plan is to release the results to the public in the coming months.
While the move into beta phase indicates Corda team's confidence in its product, Brown indicated that it might be some time before a version 1.0 of the software is available, as the team is working on its ability to commit to future API compatibility.
He explained:
"You will be able to take apps you deploy on 1.0 and migrate them to run on future versions of Corda unchanged ... The team doesn’t get to say Corda is at 1.0 until it hits that bar."
Richard Gendal Brown image via Consensus 2017
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
HYPE token's 50% surge is a story of crypto-traditional market convergence, treasury firm says
HYPE has surged 50%, outperforming bitcoin, ether and the CoinDesk 20 index by a big margin.
What to know:
- Hyperliquid's HYPE token has surged more than 50% to $34.57 this week, far outpacing bitcoin, ether and the broader crypto market, as trading activity on the platform accelerates.
- The token rally represents the merging of traditional assets with the crypto world, according to Hyperion DeFi, which is a HYPE treasury company.
- Originally a crypto perpetuals exchange, Hyperliquid has expanded into tokenized trading of equity indices, individual stocks, commodities and major fiat pairs via its HIP-3 upgrade.
Top Stories
