What Is R3’s Corda Blockchain?
R3 blockchain consortium, which specializes in developing solutions for the enterprise sector, has released a set of tools for creating tokens based on its Corda platform.
The Token SDK will help developers standardize token types and mechanisms for their issuance, use, and exchange..
According to the R3 team, digital assets allow instant transactions of any complexity without intermediaries. At the same time, many companies are beginning to tokenize shares, debts, goods and other property, and exchanges are already actively trading them..
The UTXO model that Corda uses assumes that the token holder owns them solely and does not have access to the general contract. This mechanism is already used in their activities by trading platforms and companies that digitize objects of the real economy. In February, Alfa-Bank and «Rent 24» launched a blockchain accounting service and distribution of utility bills based on the R3 Corda blockchain platform.
text: Ivan Malichenko, photo: Shutterstock