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What are the features of Corda?
Here are the exciting features of Corda:
- Open-Source: Because everything in Corda is open source, this is one of its most important features. That is, the code is freely available under the Apache 2 licence.
- Open Design: When it comes to meeting business requirements, Corda is very agile and flexible. This means that businesses will be able to scale with it and ensure proper growth.
- Open Development: Corda is open development, which means it has a large community of developers working to improve functionality, features, and enhancements.
- Reliable performance: It can handle 600 transactions per second and will assist you in dealing with increased network activity.
- Highly scalable: Corda is highly scalable, with the ability to store and process data using a ledger.
- Cloud ready: Corda can be hosted on cloud solutions and set up using Docker for greater flexibility and scalability.
- Interoperability: Corda is completely interoperable and compatible with other blockchain networks, and it can be used to conduct transactions.
What are the use cases of Corda?
Corda has exciting use cases in
- Healthcare: Improves and secures patient data
- Finance: Increases operational efficiency, reduced operational cost & better processing time
- Energy Management: Better energy management and ownership rights
- Insurance: Improves customer satisfaction & claims process
- Government: Efficient process, better trust & collaboration
- Digital Identity: No identity theft, better KYC implementation
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