Enterprise Blockchain Software R3 Develops Toolkit to Create Tokens on Corda Blockchain


R3, an Enterprise Blockchain Software firm on July 16 announced the launch of ‘’Token SDK’’, a new developer toolkit to create native tokens on its Corda blockchain platform, which will go a long way in doing for Corda, what ER20 did for Ethereum.

A Common Way to Issue And Trade Tokens

The firm ascertained on their official blog, stating categorically that while Corda already allows developers to build out tokens, the new R3 will help them with a common way to create, issue and trade tokens.

A part of the post reads

‘’ Emerging digital asset exchanges and businesses looking to securitize real-word assets, are already using the token SDK to represent debt, equity and cash instruments on Corda, and also to explore the tokenization of other goods and commodities, without forgetting the services.’’

Firms like Six Digital Exchange and blockchain-powered precious metal platform, which includes gold and silver Tradewind Market are already using Corda solution, among other firms.

The Chief Digital Officer of Six Digital Exchange on using the solution stated that the firm is building the exchange of the future for digital assets, which will be able to adapt and evolve the ecosystem in the foreseeable future.

History of SecurityTokens

The monumental question of what can be termed as security, started off in Florida, the United States of America in 1946 when the Howey company leased sections of their orange groves to investors. Investors in this scheme bought plots of land, and the Howey Company promised that they will maintain and work the land and pay part of the profit to investors.

The exchange commission got wind of the deal and blocked the sale, basically because it was not an ordinary sale of land, but an investment contract.

The event that played out in 1946 between the SEC and the Howey company created the current situation of what counts as a

‘’security.’’

The Corda token’s unique privacy, security, regulatory friendliness, strong identity layer, and tight integration with the existing financial system tends to provide a little bit of security to assets more than its major competitors.

The speed of Corda is also another strong talking point, the token has demonstrated that DLT can support trading volumes in the United States equity markets of 6.300 trades per second.

The amazing speed of the token is due to the fact that it does not process transactions that are not related to them, and as a result, transactions per second on a network level increases linearly as you add nodes.

In related news, Bitcoin Exchange Guide reported that the Corda platform is specifically built to remove the friction that is experienced in business transactions.

The platform tends to address business needs for interoperability as well as privacy, synching business and empowering them to transact or transfer value directly with utmost trust.

The influx of so many projects into the crypto industry is a good one for the industry, as users will be spoilt with options, while the market enjoys a healthy competition.

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