R3 has released the source code for its Corda blockchain prototype, in a post on the Github code-sharing website. The company also launched a new website called Corda.net that provides developers and others access to Corda-related resources like the Corda forum, documentation, and links to the Corda download page on Github. Last month, R3 had committed to making Corda open source by November 30, 2016. Today’s release was right on schedule.
Corda is designed to help financial institutions record and manage their financial agreements, using smart contract principles. As R3 noted in a press release posted to its website, “Corda restricts access to data within an agreement to only those who need to validate it. Financial agreements on Corda take the form of smart contracts, linking business logic and data to associated legal prose in order to ensure that the financial agreements on the platform are rooted firmly in law.”
The Corda distributed ledger platform was developed by R3’s blockchain consortium, and is designed to provide a stable platform that will enable developers to explore blockchain solutions to meet the needs of the financial industry. To facilitate that goal, R3’s developers worked to ensure that Corda was designed to be compatible with common programmer tools like relational databases and popular data-accessing tool Microsoft SQL. The company has expressed the hope is that its platform can provide financial firms and others with a common standard that can spark even greater innovation and communication.