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Attracting over 70 of the world's biggest financial institutions to its consortium in just over a year, R3 has accomplished a formidable task. Aiming to rethink the fabric of the financial system, they first conducted experiments testing blockchain platforms for their member and last year began developing their own distributed ledger platform: Corda.

The effort to build Corda was lead by R3 CTO Richard Brown and the former Bitcoin developer and R3 lead architect Mike Hearn. In a wide-ranging discussion, we covered the vision of the project and why it represents a radical departure from existing blockchain platforms.

Topics covered included:

- The origin story of R3

- Why existing blockchain designs didn't meet their needs

- How the R3 team lead a design effort to develop a new platform from scratch

- The business problem Corda is aiming to solve

- The components of Corda's architecture

- How Corda handles privacy

- Notaries and preventing double spends

- Open sourcing Corda and the plan to join Hyperledger

Links mentioned in this episode:

- R3 Corda: What Makes it Different http://bit.ly/2f1SamA

- Introducing R3 Corda: A Distributed Ledger for Financial Services http://bit.ly/2dSqrYm (APRIL)

- Corda: An Introduction [PDF] http://bit.ly/2eR4ky5 (AUGUST)

- R3 Website http://bit.ly/2dVJiRX

- E151 - Ian Grigg: Ricardian Contracts and Digital Assets Prehistory http://bit.ly/2f1V6ji

- Smart Contract Templates: Foundations, Design Landscape & Research Directions http://bit.ly/2f0wCY1

Sponsors:

- Jaxx: Wallets that Unify the Blockchain Experience Across Devices http://jaxx.io

- Ledger Nano: Smart card security for your Bitcoins - Get 10% off your first order when you use the code EPICENTER at http://ledgerwallet.com

Show notes: http://epicenter.tv/155

YouTube: http://youtu.be/3YTSwB5UrEI

SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-155

Epicenter is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.