Microsoft is excited to announce the availability of R3’s Corda on Microsoft Azure, only a few weeks after its release to the open source community. With the addition of Corda to Project Bletchley, we continue to expand our distributed ledger platform support on Azure to enable the next generation of distributed business applications.
Today, R3 published a virtual machine image in the Azure Marketplace to easily and quickly deploy a multi-member Corda demo network on a single VM. This offering demonstrates the capabilities of Corda through real world scenarios, including an interest rate swap deal and Standard Initial Margin Model (SIMM) valuation. This is the first click-stop of many towards R3’s financial-grade distributed ledger platform offering on Azure.
Some of Corda’s key design choices include:
Designed for Business: Recording and management of financial transactions, within existing legal and regulatory frameworks
Privacy First: Data sharing restricted to entitled participants of a transaction
Modular Consensus: Support for multiple consensus algorithms