R3-CORDA-ENTERPRISE

R3 Corda Enterprise Web3 / blockchain enterprise platform.

Definition

R3 Corda Enterprise is the commercial version of R3 Corda (R3 LLC New York, founded 2014 by David Rutter ex-ICAP, ~$100M+ Series A 2017 + supplemental rounds, ~200+ banks consortium members), enterprise permissioned distributed ledger technology DLT focus financial services + supply chain + insurance + multiple regulated industries, Corda Network operates ~50+ commercial CorDapp applications + Corda 5 launch 2023 modern microservices architecture. Platform + technical architecture consensus mechanism + smart contract language + tokenomics + ecosystem developers + dApps + DeFi + NFTs + RWA tokenization + enterprise pilots + production deployments + governance + regulation + interoperability + bridges + scalability + cybersecurity + sustainability + multiple use cases industries banking + supply chain + healthcare + gaming + identity + multiple emerging Web3 ecosystem 2020s+.

Origin

R3 founded 2014 New York ; Corda first release 2017 ; Corda Network operational ; Corda 5 launched 2023 microservices architecture.

Example in context

Tier1 European banks consortium uses R3 Corda Enterprise for syndicated lending operations: ~10 banks participate USD 500M syndicated loan to corporate borrower, Corda DLT records loan agreement + tranches + interest payments + principal repayments + assignments between syndicate members + position keeping + reconciliation all on shared DLT ledger eliminating manual reconciliation traditional spreadsheet workflows.

Related terms

• Hyperledger Fabric v2 — alternative enterprise DLT.