Corda is an open-source blockchain-inspired DLT platform that removes costly friction in business transactions along with interoperability and a unique approach to secure data privacy.
What is Corda
Corda is the first of its kind of Blockchain-based platform built exclusively for businesses. By embracing Corda, you can join numerous of developers building applications over Corda, which is known as CorDapps.
Enabling a variety of companies to transact straight and in a secured private manner utilizing smart contracts, by decreasing transaction and record-keeping expenses and streamlining company operations have become the most crucial quality of Corda.
Corda in current time
Over 60 companies from various industries had been working with enterprise software firms to R3 to develop distributed ledger technology (DLT) based on various applications on the Corda platform.
Significant developments which are happening in current time over Corda
- Various technology partners are pooling in their crucial infrastructure, platforms, and services for Corda and clients.
- System integrators are delivering PoC, production solutions, and pilots for clients on Corda. Corda applications are being built by software vendors for end users.
- Consulting firms are providing advice to their clients on the business potential of Corda and DLT.
Top Companies working over Corda
Rejolut is an emerging tech company, with an arduous zeal to innovate and excel. Rejolut Technology Solutions works on different verticals of marketing, product, and technology before concluding that the vacuum between vision and execution can be filled using custom Blockchain development, IoT, and AI.
Rejolut not only deals with Corda development but also provides other development services. Such as Mobile App Development, Python development services, r3 Ethereum, EOS, Machine learning, and other development services such as Java, R Language, Ruby on Rails, Node JS, GO Language.
Through their highly qualified team of developers and the edge cutting technology, which is updated continuously, is what makes them bag the top position in emerging tech companies. Rejolut is inevitably out to transform the world of Blockchain development with its numerous satisfied clients worldwide.
2. DrumG Technologies
DrumG Technologies is a financial technology company with global offices in New York, London, Bermuda, and Singapore built by a team of financial industry veterans and blockchain leaders. Leveraging decades of experience, at investment banks, trading floors, and enterprise technology firms, including leadership roles at R3, DrumG is driven to connect the enterprise networks of the future.
As Distributed ledger technology holds the key to a profound change in financial services industry architecture, that can facilitate a generational shift in how information and processing is shared between enterprises. Therefore, they are focussed on developing applications based on enterprise distributed ledgers such as Corda in Blockchain technology.
Their specialization includes expertise in developing Blockchains and enterprise blockchains.
Protiviti is a global consulting firm that delivers deep expertise, objective insights, a tailored approach and unparalleled collaboration to help leaders confidently face the future. Protiviti provide consulting solutions in finance, technology, operations, data, analytics, governance, risk and internal audit to prospective clients through their network of offices in over 25 countries.
They also work with smaller, growing companies, including those looking to go public, as well as with government agencies.
Their specialization includes Advanced Analytics, Enterprise performance management, Governance risk and compliance services, IT security and privacy, FSI Regulatory Compliance, Restructuring and bankruptcy, Data Management.
4. Tomorrow Lab
Tomorrow Lab, LLC is a hardware innovation studio based in New York City. Founded in 2010 by Theodore Ullrich in partnership with Pepin Gelardi. Tomorrow Lab combines the disciplines of brand strategy, product design, and engineering to create new hardware products. In line with these disciplines, the holistic innovation approach allows for three pillars of design including feature strategy, product architecture, and technology strategy to bring new ideas to life.
Their specialization includes prototyping, electrical engineering, mechanical engineering, industrial design, brand strategy, firmware, packaging, user research, feature strategy, product architecture, UI/UX, App software.
Wipro is a leading IT company in technology, consulting, and business process services company had announced that they are in partnership with R3, which is an enterprise blockchain firm. Wipro has developed a blockchain-based solution prototype enabling digital currency for interbank settlements involving some around eight commercial banks of Thailand. As a part of the project, they had developed a blockchain solution prototype on Corda.
Their specialization includes Consulting, Business Process Outsourcing, Business Application Services, Infrastructure Management, Cloud Services, Analytics and Information Management, Product and Engineering Services, Mobility, Datacentre Managed Services, Software application management
Coinplug is a global leading blockchain technology company based in South Korea. The company focuses on the development of core blockchain technologies and providing technological solutions for governments and enterprises.
They offer various enterprise solutions B2B solutions over Corda and customized blockchain-based solutions for organizations in different industries and sectors. Along with that, they also work over Digital Asset Exchange, which is a global platform to exchange the world’s most prominent cryptocurrencies.
7. Solace Technologies
Solace Technologies, based in Nasik India, provides professional services in website development, website designing, website maintenance, website redesigning, search engine optimization, e-commerce web development, intranet application development including Corda, SEO, portals, etc.
Their offshore outsourcing services, based in India, will help to enable and empower various businesses on the web.
ObjectTech is developing a military-grade, secure global identity system. An innovative identity management organization built on AI, multi-factor biometrics, and encryption over Blockchain technology, including Corda.
At the vanguard of ID technology, ObjectTech is the company that helps in giving people back control of their personal data by providing a ‘distributed identity locker’ in a process known as Self-Sovereign Identity (SSID).
CryptoBLK is a Hong Kong-based fintech start-up working over Blockchain technology. This aims to revolutionize the IT systems of the global financial services industry using Cryptography and Blockchain technologies. They specialize Blockchain, Cryptography, FinTech, DLT, FinTech, InsurTech, Corda, Hyperledger Fabric, Ethereum, RegTech, and PropTech.
Established in 1998 by SWIFT and the global logistics and insurance industry, Bolero has built a strong reputation and a market leadership position in driving the digitization of global trade.
Their specialties include FinTech, eBLs in Blockchain, Software as A Service. They have a potent combination of trade finance expertise, technology, and legal framework to deliver digital solutions across the entire global supply chain.
GFT is driving the digital transformation of the world’s leading financial institutions. With its in-depth technological expertise, strong partnerships and scalable IT solutions, GFT increases productivity in software development. This provides clients with faster access to new IT applications and innovative business models, while also reducing risk.
In sectors, such as industry and insurance, also leverage GFT’s strong consulting and implementation skills across all aspects of pioneering technologies, such as Cloud engineering, Artificial Intelligence, the Internet of Things (IoT) for Industry 4.0, and Blockchain.
Accuity offers a suite of innovative solutions for payments and compliance professionals, from comprehensive data and software that manage risk and compliance, to flexible tools that optimize payments pathways. With deep expertise and industry-leading data-enabled solutions from the Fircosoft, Bankers Almanac and NRS brands, our portfolio delivers protection for individual and organizational reputations.
They specialize in Payment Efficiency, AML Compliance, OFAC Compliance, Watch lists, Politically Exposed Persons (PEP), Screening, SEPA Compliance, IBAN, Credit Risk, Wholesale Banking, Financial Counterparty KYC, Compliance.
Synechron based in New York is a leading Digital IT Consulting firm and is working to accelerate digital initiatives for banks, asset managers, and insurance companies around the world. They are providing their clients with innovative solutions that solve their most complex business challenges and combining Synechron specializes in end-to-end Digital, Business Consulting, and Blockchain Technology.
TradeIX is rewiring trade finance by providing the most connected and secure platform infrastructure for corporates, banks, asset managers, B2B networks and value-added service providers. Built on distributed ledger technology, the platform’s applications, developer tools, and core protocol represent the dawn of the “internet of trade”.
They specialize in Trade finance, Distributed Ledger, Supply Chain Finance, Receivable Finance, Factoring, Asset based lending and Blockchain.
HSBlox is a technology company bringing innovation and transparent economics to the healthcare ecosystem. Using Distributed Ledger Technology and their years of experience in Healthcare to design cutting edge solutions that benefit payers, providers, financial institutions, and consumers.
They build modular healthcare solutions on top of our Distributed Ledger Technology Platform, SETU (Simplified Exchange and Transparency for Users).
Their specializations include Distributed Ledger Technology, Health Insurance, Financial Services, Practice Management, Electronic Payments, Consumer Engagement, Machine Learning, Pay for Value, Natural Language Processing, Alternative Payment Models, Cryptocurrency
Founded in 2015, Everledger is an independent technology company helping businesses surface and converge asset information, using a symphony of secure technologies, including blockchain, artificial intelligence, intelligent labeling and Internet of Things.
Their specializations include Blockchain, Insurance, Jewelry, Smart Contracts, FinTech, Sustainability, Fine Art, Wine, Artificial Intelligence, Intelligent Labeling, Supply Chain.
Founded over 25 years ago, they had grown from a small team in Chicago to a leading global software consultancy of more than 6000 employees. With their roots in custom systems and agile software delivery, we’re at the forefront of defining the tech principles used by some of the world’s most successful organizations.
Had invested in organic growth, building on the strategy, design, data and engineering capabilities required to bring a truly integrated approach to solving client’s toughest challenges.
Their specializations include Agile Development (Scrum, XP, Lean), Retail Customer Experience Consulting, Management Consulting, Data Science and Analytics, Product Innovation, Open Source Communities, Continuous Delivery, User Experience Design, Agile Development Tools, Mobile Strategy.
Guardtime team of over 150 cryptographers, developers and security architects, with decades of experience defending networks from nation-state attack. business model is to build partnerships with companies in every industry, build product and go to market. They specialize in providing Security and Enterprise Blockchain solutions.
19. Bain & Company
Bain & Company is a global consultancy that helps the world’s most ambitious change makers define the future. They have tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster and more enduring outcomes.
Their specializations include Strategy, Customer Strategy & Marketing, Performance Improvement, Mergers & Acquisitions, Private Equity, Organization, Results Delivery, Information Technology, Corporate Renewal.
Sovrin Foundation is a private-sector, international non-profit that was established to govern the Sovrin Identity Network. The Sovrin Network is a public, permissioned distributed ledger purpose built for identity.
Sovrin Foundation provides the lightweight governance that is needed to operate the network in a trustworthy manner. Sovrin Foundation governs the network and the open-source code that makes it work, but they don’t own or control people’s identities, they are sovereign.
Future of Corda
What Corda offers is the benefits of continuous support and development through its community of developers and ecosystem participants from various industries, building countless open-source blockchain projects across the globe.
Corda is the outcome of over two years of intense research and development by R3 and its members and meets the highest standards of the banking industry so that a world of frictionless commerce can be created.
Well, challenges before Corda are there, but it would be worth seeing how promising it becomes by sorting out all those nitty-gritties.