Two interactive demonstrations to show the fundamentals of Corda
Corda is a distributed ledger platform designed and built from the ground up to record, manage and synchronise agreements, designed for use by regulated financial institutions. It is heavily inspired by and captures the benefits of blockchain systems, without the design choices that make blockchains inappropriate for many banking scenarios. Distributed ledger technology (DLT) has the potential to significantly transform the financial services industry. In the future, financial agreements will be recorded and automatically managed without error, and anybody can transact seamlessly for any purpose without friction. Markets will move towards models where parties to financial agreements record them once and collaborate to maintain accurate, shared records of those agreements. We aspire to define a shared ledger fabric for financial services that can be deployed within existing legal frameworks, and which relies on proven technologies. The two demos in this Corda Demo VM, Interest Rate Swap and SIMM Valuation, are aimed at newcomers to DLT. Developers should go to www.github.com/corda to download the codebase.