Release notes

Here are brief summaries of what’s changed between each snapshot release.

Milestone 2

  • Big improvements to the interest rate swap app:

    • A new web app demonstrating the IRS contract has been added. This can be used as an example for how to interact with the Corda API from the web.
    • Simplifications to the way the demo is used from the command line.
    • Detailed documentation on how the contract works and can be used has been written.
    • Better integration testing of the app.

  • Smart contracts have been redesigned around reusable components, referred to as “clauses”. The cash, commercial paper and obligation contracts now share a common issue clause.

  • New code in the experimental module (note that this module is a place for work-in-progress code which has not yet gone through code review and which may, in general, not even function correctly):

    • Thanks to the prolific Sofus Mortensen @ Nordea Bank, an experimental generic contract DSL that is based on the famous 2001 “Composing contracts” paper has been added. We thank Sofus for this great and promising research, which is so relevant in the wake of TheDAO hack.

    • The contract code from the recent trade finance demos is now in experimental. This code comes thanks to a collaboration of the members; all credit to:

      • Mustafa Ozturk @ Natixis
      • David Nee @ US Bank
      • Johannes Albertsen @ Dankse Bank
      • Rui Hu @ Nordea
      • Daniele Barreca @ Unicredit
      • Sukrit Handa @ Scotiabank
      • Giuseppe Cardone @ Banco Intesa
      • Robert Santiago @ BBVA

  • The usability of the command line demo programs has been improved.

  • All example code and existing contracts have been ported to use the new Java/Kotlin unit testing domain-specific languages (DSLs) which make it easy to construct chains of transactions and verify them together. This cleans up and unifies the previous ad-hoc set of similar DSLs. A tutorial on how to use it has been added to the documentation. We believe this largely completes our testing story for now around smart contracts. Feedback from bank developers during the Trade Finance project has indicated that the next thing to tackle is docs and usability improvements in the protocols API.

  • Significant work done towards defining the “CorDapp” concept in code, with dynamic loading of API services and more to come.

  • Inter-node communication now uses SSL/TLS and AMQP/1.0, albeit without all nodes self-signing at the moment. A real PKI for the p2p network will come later.

  • Logging is now saved to files with log rotation provided by Log4J.

API changes:

  • Some utility methods and extension functions that are specific to certain contract types have moved packages: just delete the import lines that no longer work and let IntelliJ replace them with the correct package paths.
  • The arg method in the test DSL is now called command to be consistent with the rest of the data model.
  • The messaging APIs have changed somewhat to now use a new TopicSession object. These APIs will continue to change in the upcoming releases.

New documentation:

Milestone 1

Highlights of this release:

  • Event scheduling. States in the ledger can now request protocols to be invoked at particular times, for states considered relevant by the wallet.

  • Upgrades to the notary/consensus service support:

    • There is now a way to change the notary controlling a state.
    • You can pick between validating and non-validating notaries, these let you select your privacy/robustness tradeoff.

  • A new obligation contract that supports bilateral and multilateral netting of obligations, default tracking and more.

  • Improvements to the financial type system, with core classes and contracts made more generic.

  • Switch to a better digital signature algorithm: ed25519 instead of the previous JDK default of secp256r1.

  • A new integration test suite.

  • A new Java unit testing DSL for contracts, similar in spirit to the one already developed for Kotlin users (which depended on Kotlin specific features).

  • An experimental module, where developers who want to work with the latest Corda code can check in contracts/cordapp code before it’s been fully reviewed. Code in this module has compiler warnings suppressed but we will still make sure it compiles across refactorings.

  • Persistence improvements: transaction data is now stored to disk and automatic protocol resume is now implemented.

  • Many smaller bug fixes, cleanups and improvements.

We have new documentation on:

Summary of API changes (not exhaustive):

  • Notary/consensus service:

    • NotaryService is now extensible.
    • Every ContractState now has to specify a participants field, which is a list of parties that are able to consume this state in a valid transaction. This is used for e.g. making sure all relevant parties obtain the updated state when changing a notary.
    • Introduced TransactionState, which wraps ContractState, and is used when defining a transaction output. The notary field is moved from ContractState into TransactionState.
    • Every transaction now has a type field, which specifies custom build & validation rules for that transaction type. Currently two types are supported: General (runs the default build and validation logic) and NotaryChange ( contract code is not run during validation, checks that the notary field is the only difference between the inputs and outputs). TransactionBuilder() is now abstract, you should use TransactionType.General.Builder() for building transactions.

  • The cash contract has moved from com.r3corda.contracts to com.r3corda.contracts.cash

  • Amount class is now generic, to support non-currency types such as physical assets. Where you previously had just Amount, you should now use Amount<Currency>.

  • Refactored the Cash contract to have a new FungibleAsset superclass, to model all countable assets that can be merged and split (currency, barrels of oil, etc.)

  • Messaging:

    • addMessageHandler now has a different signature as part of error handling changes.
    • If you want to return nothing to a protocol, use Ack instead of Unit from now on.

  • In the IRS contract, dateOffset is now an integer instead of an enum.

  • In contracts, you now use tx.getInputs and tx.getOutputs instead of getInStates and getOutStates. This is just a renaming.

  • A new NonEmptySet type has been added for cases where you wish to express that you have a collection of unique objects which cannot be empty.

  • Please use the global newSecureRandom() function rather than instantiating your own SecureRandom’s from now on, as the custom function forces the use of non-blocking random drivers on Linux.

Milestone 0

This is the first release, which includes:

  • Some initial smart contracts: cash, commercial paper, interest rate swaps
  • An interest rate oracle
  • The first version of the protocol/orchestration framework
  • Some initial support for pluggable consensus mechanisms
  • Tutorials and documentation explaining how it works
  • Much more ...