R3 Corda Platform

Definition ∞ R3 Corda Platform is an open-source distributed ledger technology specifically engineered for enterprise use cases and regulated industries. It emphasizes privacy, interoperability, and secure transaction processing among permissioned participants. Unlike public blockchains, Corda allows direct peer-to-peer transactions without broadcasting to the entire network. It supports complex business logic.
Context ∞ Corda continues to gain adoption in sectors such as financial services, healthcare, and supply chain management for applications requiring high levels of privacy and specific legal enforceability. Its design caters to the requirements of regulated entities, making it a prominent solution for inter-organizational workflows. The platform’s evolution focuses on expanding its enterprise capabilities.