Algorand

Foundation

Polygon

Read

<p class="is-style-lead">R3 has rolled out an upgrade of Corda, its enterprise-grade distributed ledger technology&nbsp; (DLT) network. The team claims the next-gen Corda offers users increased scalability, interoperability, privacy, and security.</p>



<h2 class="wp-block-heading" id="r3-completes-corda-update">R3 completes Corda update&nbsp;</h2>



<p><a href="http://R3, AFIN, partner to enable financial institutions to explore CBDCs." target="_blank">R3</a>, a provider of enterprise-grade distributed ledger technology (DLT) solutions, has announced the public beta release of its Corda upgrade.  Corda is a DLT infrastructure that enables institutions to leverage blockchain technology for a secure exchange of value. </p>



<p>According to a press release by the company, the latest Corda update enables high availability, scalability, and secure interoperability with other enterprise-grade DLT platforms.&nbsp;</p>



<p>The next generation of Corda is designed to make it possible for the apps of global financial market infrastructure providers and central banks to interoperate seamlessly and securely with other enterprise DLT networks.</p>




    <p>
        You might also like:

        <a href=" https://crypto.news/r3-afin-partner-to-enable-financial-institutions-explore-cbdcs/ ">
            R3, AFIN, partner to enable financial institutions to explore CBDCs.         </a>
    </p>




<h2 class="wp-block-heading" id="corda-to-unlock-a-trusted-and-enduring-digital-economy">Corda to unlock a trusted and enduring digital economy&nbsp;</h2>



<p>While DLT adoption by institutions has seen an uptick in recent years, interoperability remains a pain point in the industry, as most blockchains still cannot interact with their peers in terms of frictionless exchange of value and data.</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe title="What Is Interoperability In Crypto And Best Projects To Invest In?" width="1020" height="574" src="https://www.youtube.com/embed/8I99WORewD8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<p>Commenting on the latest Corda update, Todd McDonald, R3 co-founder and chief strategy officer stated that the company remains committed to supporting an “open, trusted, and enduring digital economy” and the next-gen Corda is the first step toward actualizing that mission.</p>



<blockquote class="wp-block-quote">
<p>“We believe this digital economy will be built upon an interconnected ecosystem of multiple DLT platforms, where apps will transact seamlessly and securely across networks &#8211; not isolated or walled gardens of ‘public’ or private networks.”  </p>
<cite>Todd McDonald, <a href="https://www.businesswire.com/news/home/20230614966100/en/R3-Doubles-Down-on-Interoperability-high-availability-and-scalability-reinforced-by-the-next-generation-of-corda/" target="_blank" rel="noreferrer noopener">R3 co-founder and chief strategy officer</a></cite></blockquote>



<p>R3 has also inked a partnership deal with Adhara, an intraday liquidity and payments solutions provider, to launch a Hyperledger Foundation Lab dubbed Harmonia. The team says Harmonia will accelerate the development of interoperability solutions for regulated financial institutions.</p>



<p>In related news, last month, leading web3 companies and VC firms including Borderless Capital, Polygon Ventures, Algorand Foundation, and others, joined forces to <a href="https://crypto.news/borderless-capital-polygon-ventures-and-others-launch-50m-chain-interoperability-initiative/">launch</a> a $50 million fund dedicated to fostering cross-chain interoperability.</p>




    <p>
        Read more:

        <a href=" https://crypto.news/ownera-and-r3-partner-to-offer-institutions-a-unified-digital-asset-wallet-solution/">
            Ownera and R3 partner to offer institutions a unified digital asset wallet solution        </a>
    </p>

R3 updates Corda to enable interoperability and scalability

Table of Contents

crypto.news

Other articles published on Jun 14, 2023

Bitcoin Miners Face Record Difficulty Level

MarsDAO: Our Story

Moxy partners with Stainless Games to release Shock Rods

Ripple’s top lawyer decodes Hinman files; What went on behind the scenes?

Exploring the world of Web 3.0 and Top Level Domains (TLDs)

XRP Tumbles Over 4% Daily as Bears Target This Critical Level Next (Ripple Price Analysis)

Join our free newsletter for daily crypto updates!