Corda is a decentralised database system in which nodes trust each other as little as possible.
Development State of corda
Corda is under active development and is maturing rapidly. Breakpoint changes still can occour. Do not allow to depreceate. For more info see corda project on GitHub.
Background of Project
--UnderDevelopment by Quillhash
The aim of the project is to create an Exchange-Traded Derivate format for forwards rather than the current Over-the-Counter(OTC) format. Defination of each jargon used :
Forwards : Agreement between two, where the terms are confirmed by all parties involved and subsequently fulfilled as time passes and contract matures. For more see : "https://www.investopedia.com/terms/f/forwardcontract.asp" Exchange-Traded : Assets which are traded purely on servers without involvement of humans ex.NYSE stock exchange For more see : "https://www.investopedia.com/terms/e/exchange-traded-derivative.asp" Over-the-Counter(OTC) : A exchange where multiple parties come to an agreement through various communication modes such as the telephone, email, and proprietary electronic trading systems. An over-the-counter (OTC) market and an exchange market are the two basic ways of organizing financial markets For more see : "https://www.investopedia.com/terms/o/otc.asp"
Work under progress