R3 decides it doesn’t need a blockchain after all

Chuck LeDuc Díaz
Feb 23, 2017 · 1 min read
The cross-species dinosaur team meets to discuss the ideal design for a mammal

I drew the above cartoon during an interminable, hopeless meeting eight years ago. It is the only thing that remains from years of work by far too many of the wrong people.

Today it appears the R3 consortium, founded to build a commercial blockchain for banks, has decided it doesn’t need a blockchain after all. Who needs immutability or trustless networks? They sure don’t!

Corda: pertinent features on one slide! 1) No “block chain” because we don’t need one 2) Think point to point comms as opposed to broadcast and gossip-network 3) Due to the above, facts are to be shared on a need-to-know basis only 4) UTXO ledger model but our “states” can represent anything 5) “Pluggable” consensus supports multiple consensus providers employing different algorithms on the same network 6) Platform is JVM based, written in Kotlin (can use Java, Clojure, etc) 7) Supports industry-standard protocols: AMQP, JDBC, PKIX, etc 8) Designed to provide a productive developer experience

Right now I feel really sorry for those people. It must be super frustrating. I’ve been there.

Chuck LeDuc Díaz

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