Understanding R3 Corda and Running it on Azure
R3 Corda is a blockchain-inspired distributed ledger technology (DLT) from R3 that is specifically designed for financial and regulated transactions, and emphasizes privacy and security between participants. While it is generally available for download as open source code (corda.net), R3 also makes it available on the Azure platform and has plans to integrate Corda with numerous Azure capabilities.
R3 recently secured 107 million USD investment including SBI Group, Bank of America Merrill Lynch, HSBC, Intel & Temasek. R3 has globally diverse group of investors represents an equal geographical split across Europe, Asia-Pacific and the Americas, counting over 40 participants from over 15 countries.
- Banco Bradesco
- Bangkok Bank
- Bank of America Merrill Lynch
- Bank of Montreal
- Bank of New York Mellon
- BNP Paribas
- B3 (BM&FBOVESPA and Cetip)
- Canadian Imperial Bank of Commerce
- Commonwealth Bank of Australia
- Credit Suisse
- CTBC Financial Holding
- Daiwa Securities Group
- Danske Bank
- Deutsche Bank
- Intel Capital
- Intesa Sanpaolo 
- Itaú Unibanco S.A.
- Mitsubishi UFJ Financial Group (MUFG)
- Nordea Bank
- Northern Trust
- OP Cooperative
- Ping An
- Royal Bank of Canada
- SBI Group
- Societe Generale
- Sumitomo Mitsui Banking Corporation
- TD Bank Group
- The Bank of Nova Scotia
- The Royal Bank of Scotland
- U.S. Bank
- UBS AG
- Wells Fargo
As demand of R3 Corda is increasing and Microsoft supports running it on Azure through Azure MarketPlace I decided to have a discussion about R3 Corda during our next NYC Azure User Group meeting in October.
To talk about R3 Corda and their partnership with Azure I have invited Tom Menner (Director and Solutions Architect at R3) to deliver a talk for my NYC Azure User Group. Since we are based in Manhattan we had significant amount of users associated with financial companies and based on their feedback this session certainly resonated with them.
Tom predominantly covered following topics:
- Understand what Corda is and how it differs from blockchain platforms such as Ethereum and Hyperledger Fabric;
- Use cases of Corda
- Corda on Azure and R3’s partnership with Microsoft
If you like to view or download the slides used during the session I have made them available on SlideShare.