Corda 1.0: R3 Determines the production of distributed classification books with the introduction of scheduled dates


nnnIt is reported that the distributed classification books Union R3 will soon launch its Corda platform, the first production version. The alliance released its test version of its distributed classified book solution in 2016. So far, the beta has been tested for several projects. According to the head of the Corda product, Mike Ward, the product owner, said the solution has crossed the final milestone phase and plans to upgrade the software to achieve real-time transactions by the end of this year. But it did not disclose the details of the release. However, after the release of the production version, it is expected that the developer API will stabilize, enterprise products can no longer have to worry about future upgrades will be re-built.n
nnTranslation: Clovern
nThe distributed classification books affiliate R3 will soon launch its first production version of its Corda platform.n
nAfter two years of development, the organization, which has more than 100 banks, regulators, and technology companies as its members, says it has crossed the final milestone and plans to upgrade its software to achieve real-time transactions by the end of this year. The organization’s distributed classified book solution was released in 2016, and has been tested for several large projects, including the financial giant Mizuho Group’s digital attempt to digitize its credit.n
nBut the details of the release so far have not been revealed, and Corda product leader Mike Ward said the decision to launch Corda 1.0 is made on Thursday at the monthly project conference call.n
nWard told CoinDesk:n
nn”I think the engineers are most interested in a lot of questions that you want to discuss is what happens after the 1.0 release, what will happen in the long run?n
nnHowever, until Corda 1.0 was released, developers faced a daunting task: every time R3 was released, users had to rebuild and test some of their own work, limiting the size of the projects that could be created. However, after the release, it is expected that the developer API will stabilize, enterprise products can no longer worry about the future release of the upgrade will be re-built.n
nTherefore, Ward expects the release will open a new stage of development, the alliance members will find an unexpected way to use shared distributed class books to save money and generate new revenue sources.n
nWard stated the importance of the new platform:n
nn”This will provide a firm foundation for people to build applications.”n
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nCorda’s next stagen
nThe alliance announced its firm foundations and the future of R3 for its annual meeting at CordaCon, held yesterday in London.n
nBut for those who can not attend the meeting, Ward on R3 several key partners made a brief introduction to the progress made. For example, Intel continues to work hard to provide hardware-based protection for member transactions, while Microsoft is using its Azure cloud platform to facilitate the development of Project Coco.n
nBut it is particularly noteworthy that Ward’s relationship with R3’s work with Tibco (headquartered in Palo Alto, Calif.) Combines the two ideas (local hardware and cloud storage).n
nAccording to Ward, R3 is working with Tibco to create a “hybrid link” between Microsoft Azure and the user’s local hardware. Looking to the future, he said the partnership will also include the use of Tibco’s software to pick the analytical version from Corda’s distributed categorical books.n
nWard also elaborated on the earlier work and was discussed by R3’s software engineer Andrius Dagys in order to help Corda users classify the academic review settlement algorithms, which were not carried out under strict practical use test.n
nWard concludes:n
nn”We will provide you with a variety of options, but your choice should be based on our discussion in the user group to carry out, around the concept of the algorithm – they are actually applied, they have been tested? “n

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