According to R3 CORDA: A DISTRIBUTED LEDGER TECHNOLOGY FOR FINANCIAL SERVICES. How is Corda different from the bitcoin blockchain?
According to R3 CORDA: A DISTRIBUTED LEDGER TECHNOLOGY FOR FINANCIAL
SERVICES.
Corda contains the features of consensus, validity, uniqueness, immutability and authentication. Corda is not building a blockchain, Brown noted. The starting point is individual agreements among firms. They reject the notion that all data should be copied to all participants, even if it is encrypted.
The main programming languages in Corda are Kotlin and Java. Unlike other blockchain implementations, a smart contract in Corda consists of three blocks: state, contract function and flow. The state is the data of the smart contract. The contract function verifies whether state changes are valid.
Data transacted between parties on Corda is private. This feature is a significant difference between permission less blockchain networks. Corda is a flexible platform designed to scale to a business's needs.
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