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Richard G Brown 2018-05-11 17:55:41 +01:00
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docs/source/whitepaper/corda-platform-whitepaper.pdf
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@ -29,7 +29,7 @@ A distributed ledger made up of mutually distrusting nodes would allow for a sin
\tableofcontents
\newpage
\section{Introduction}
We envision a future where legal agreements such as business contracts are recorded and automatically managed without error, where anybody can transact seamlessly for any contractual purpose without friction. We believe markets will move towards models where parties to contracts collaborate to maintain accurate, shared records rather than maintaining their own independent and inconsistent systems which require extensive reconciliation processes to ensure consistency. Duplicates, reconciliations, failed matches and breaks will be things of the past. Isolated pools of trapped of assets will be no more.
We envision a future where legal agreements such as business contracts are recorded and automatically managed without error, where anybody can transact seamlessly for any contractual purpose without friction. We believe markets will move towards models where parties to contracts collaborate to maintain accurate, shared records rather than maintaining their own independent and inconsistent systems which require extensive reconciliation processes to ensure consistency. Duplicates, reconciliations, failed matches and breaks will be things of the past. Isolated pools of trapped assets will be no more.
This paper introduces the Corda platform. The Corda platform consists of an open source software project, Corda, and a set of standards, network parameters and associated governance processes, which together define the global Corda Network. Collectively, they enable any organisation or individual on this open network to transact directly with any other. Uniquely, this architecture is designed to model and automate real-world transactions in a legally enforceable manner, and do so across an open network on which multiple applications can execute and seamlessly interoperate. It does so whilst placing identity, transaction finality, privacy and open governance at its core.