Reader small image

You're reading from  Mastering Blockchain.. - Third Edition

Product typeBook
Published inAug 2020
Reading LevelBeginner
PublisherPackt
ISBN-139781839213199
Edition3rd Edition
Languages
Right arrow
Author (1)
Imran Bashir
Imran Bashir
author image
Imran Bashir

Imran Bashir has an M.Sc. in Information Security from Royal Holloway, University of London, and has a background in software development, solution architecture, infrastructure management, and IT service management. He is also a member of the Institute of Electrical and Electronics Engineers (IEEE) and the British Computer Society (BCS). Imran has extensive experience in both the public and financial sectors, having worked on large-scale IT projects in the public sector before moving to the financial services industry. Since then, he has worked in various technical roles for different financial companies in Europe's financial capital, London.
Read more about Imran Bashir

Right arrow

Corda

Corda is not a blockchain by definition because it does not use blocks for batching transactions. Still, it is a distributed ledger, and provides all benefits that a blockchain can. Traditional blockchain solutions have the concept of transactions that are bundled together in a block, and each block is linked back cryptographically to its parent block, providing an immutable record of transactions. This is not the case with Corda.

Corda has been designed entirely from scratch with a new model for providing all blockchain benefits, but without a traditional blockchain with blocks. It was developed initially for the financial industry to solve issues arising from each organization managing its own local ledgers. This means that each organization has its own "view of truth." This situation often leads to contradictions and operational risk. Moreover, data is also duplicated at each organization, which results in an increased cost of managing individual infrastructures...

lock icon
The rest of the page is locked
Previous PageNext Page
You have been reading a chapter from
Mastering Blockchain.. - Third Edition
Published in: Aug 2020Publisher: PacktISBN-13: 9781839213199

Author (1)

author image
Imran Bashir

Imran Bashir has an M.Sc. in Information Security from Royal Holloway, University of London, and has a background in software development, solution architecture, infrastructure management, and IT service management. He is also a member of the Institute of Electrical and Electronics Engineers (IEEE) and the British Computer Society (BCS). Imran has extensive experience in both the public and financial sectors, having worked on large-scale IT projects in the public sector before moving to the financial services industry. Since then, he has worked in various technical roles for different financial companies in Europe's financial capital, London.
Read more about Imran Bashir