Singapore EN
Corda 5: Redefining BFSI Collaboration and Innovation with Next-Gen Multi-Party Platforms

Corda 5: Redefining BFSI Collaboration and Innovation with Next-Gen Multi-Party Platforms

Balaji More

Senior Specialist - Technology ,

Consulting

Imagine a world where financial institutions can collaborate and innovate seamlessly, without the constraints of traditional silos and systems. A world where transactions are faster, more secure and more transparent. A world where new financial products and services can be brought to market quickly and efficiently. This is a world that’s now being made possible by the next generation of multi-party distributed platforms like Corda 5.

In the dynamic realm of banking, financial services, and insurance (BFSI), innovation is the way forward. Enter Corda 5 (C5), the latest iteration of the Corda Distributed Ledger Technology (DLT) platform. In our journey of advising and crafting FinTech solutions for top-tier BFSI clients, it’s exciting to be able to present the transformative capabilities and opportunities of C5. C5 isn't just an upgrade — it's a reimagining of what DLT can accomplish. It’s modular architecture, focused on event-driven runtimes, bringing forth specialized workers such as RPC services, flow engines, and more, optimized for effectively managing loads. This enables horizontal scalability, drastically reducing ownership costs — a leap from Corda 4's vertical scalability. This highlights how Corda 5 is dedicated to meeting the requirements of businesses and drives enterprise DLT/blockchain adoptions.

Let's delve deeper into C5, while drawing comparisons with the previous version 4.x, and explore the opportunities it brings for businesses.

Enter your details to download this article for free

CAPTCHA
Image CAPTCHA
Enter the characters shown in the image.
Yes, I would like to receive marketing communications regarding Synechron services and events.
I have read and agree to Synechron's Terms and Conditions and Privacy Policy .