20 July 2017
download the report now

R3 partners Intel for Corda privacy and security

11 July 2017  |  3950 views  |  0 Source: R3

Enterprise software firm R3 is collaborating with Intel to further strengthen data privacy and security for Corda, its financial-grade distributed ledger technology (DLT) platform.

The collaboration was announced onstage this morning at the Intel® Xeon® Scalable processor launch event in New York.

Corda’s approach to data privacy and security is ground-breaking in the blockchain space, as Corda only sends data to those who have a “need to know.” This unique feature of Corda emerged from the requirements of financial institutions which need to ensure the confidentiality of trades and agreements while also capturing the benefits of a shared distributed ledger infrastructure.

This collaboration further enhances Corda’s privacy leadership by adding support for key elements of Intel’s security and privacy toolkit, as R3 continues to strengthen and enhance Corda’s functionality in these areas. The growing Corda community that welcomes these innovations is important to both organizations in advancing blockchain adoption.

Mike Hearn, Lead Platform Engineer at R3, comments: “By partnering with Intel we will be able to give Corda users more class-leading features as we continue to set the standard in DLT data privacy. Corda addresses multiple problems identified by our eighty-plus members across the globe, but transaction privacy is usually the top issue blocking real-world deployment. We're very happy to be developing new solutions to this problem by working with Intel.”

David Rutter, CEO of R3 comments: “Intel is the perfect partner for Corda. The platform was developed from the ground up to address the specific needs of the industry, with design choices such as its unique approach to data privacy and security that make it the only appropriate DLT solution for regulated wholesale financial markets.”

Rick Echevarria, Vice President, Software and Services Group and General Manager, Platforms Security Division at Intel Corporation, comments: “Intel Xeon Scalable processors will improve the privacy and security of blockchain solutions. R3’s collaborative approach and Corda platform places R3 in a unique position to drive the evolution of market infrastructure for the next generation of financial services.” 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.ncr.comvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
German fintech factory FinLeap raises EUR39 millionGerman fintech factory FinLeap raises EUR3...
12188 views comments | 19 tweets | 15 linkedin
EPC gears up for pan-European instant paymentsEPC gears up for pan-European instant paym...
9532 views comments | 10 tweets | 28 linkedin
Man trapped in ATM slides 'help me' notes through receipt slotMan trapped in ATM slides 'help me' notes...
9455 views comments | 8 tweets | 20 linkedin
Festy unveils digital currency payments wristbandFesty unveils digital currency payments wr...
8908 views comments | 11 tweets | 7 linkedin
Mastercard to buy AI outfit BrighterionMastercard to buy AI outfit Brighterion
8297 views comments | 14 tweets | 20 linkedin

Featured job

Frankfurt, Germany or CEE Region

Find your next job