Corda allows you to build interoperable blockchain networks that transact in strict privacy. Corda's smart contract technology allows businesses to develop shared IT solutions using secure JVM based technologies.
Corda is a distributed ledger technology (DLT) custom designed by R3 for enterprise use, with privacy as the foundational principle. Corda has many unique designs compared to most other blockchain technologies. Most notably, Corda does not have a globally shared ledger, and supports private transactions involving only the counterparties plus an optional notary entity.
Corda-powered blockchain business networks on Kaleido are built for organizations looking to accelerate their collaborative transformation efforts across all sectors, including financial services, healthcare, supply chain, and more.
Using Kaleido’s enterprise blockchain platform for Corda business networks means that you can run CorDapps on a production environment with enhanced services and support levels, nodes of any size, advanced configuration tools, and full multi-region, cross-cloud, and hybrid options, with the following benefits:
All Corda environments on Kaleido are multi-region compatible by default. Depending on your plan tier you will be able to add multiple regions and clouds to any Corda environment. If you create an environment with a single initial deployment zone, you can add additional deployment zones at any time.
Corda users can rapidly deploy enterprise-grade and production-ready Corda networks on Kaleido. Clients can run CorDapps on cross-cloud and hybrid networks with a full stack of complementary tools and technologies. Kaleido’s Consortium-as-a-Service offering provides industry-first digital transformation capabilities to accelerate the business outcomes of decentralized consortium networks.
Key capabilities include smart contract management, a full stack of middleware technologies, a multi-party control plane, and shared DevOps. Clients have the option to leverage their own webserver, which enables them to run the custom business logic responsible for interacting with their cordapps in no time. This reduces the time in which clients can run their Corda projects in production on Kaleido, and represents a major benefit to existing Corda projects switching to Kaleido.
The Corda protocol is built on a strong identity model, where every node's identity must be proven to be have been properly onboarded by using an x.509 certificate with a validated trust chain. Signing identities only exist on the Corda nodes. Client applications in a Corda based solution are simply triggering the workflow that has already been registered on the target Corda node, and monitoring the progression of the flow. Essentially, Corda applications, or CorDapps for short, completely live on the Corda nodes.
Legacy inter-company systems have significant limitations in a digitally transforming world, and the urgency to modernize to more nimble and collaborative business processes is only increasing. Companies can use Corda on Kaleido to replace legacy processes with digital asset transfers, assure data privacy for partners in new resilient and transparent business networks, and leverage new incentive-based models to drive faster revenue recognition and lower costs. This market-level overhaul is best achieved through collaborative consortia, bolstered by enterprise blockchain technology, to bring transparency and trust to their interactions while maintaining privacy and security.
Watch our recorded demo to see how to build a Corda blockchain solution, consortium, or business network in minutes, not months, on Kaleido.