Become the cisco of the sandbox

However, the project has key differences that set it apart from typical blockchain technology. For instance, Corda doesn’t share its data globally, and only participating members can view the information. Still the startup claims Corda “choreographs workflow between firms without a central controller” and supports an array of “consensus mechanisms.” Transaction privacy and trade data are kept between member banks to protect financial dealings. Charley Cooper, a managing director at R3, told Bloomberg a few hours before the blog announcement stating:    

Corda is all about escrow net, they have no coin and they compete with Ripple. This year is the year of generic inter ledger swaps.