Today at R3’s annual Cordacon, one of the presentations was titled “Corda Coin – a Permissionless Cryptocurrency on Corda”. But before you get too excited, R3 is not planning an ICO. While the talk’s title is a little tongue in cheek, there’s some practical use for it.
When people talk about Corda, they often like to point out that it’s not technically a blockchain, though it’s undoubtedly blockchain-inspired. In fact, it’s not a blockchain by design. Corda focuses on financial applications, hence enables distributed applications in a permissioned environment that banks are comfortable with.
I didn’t manage to attend the presentation, but I caught up with the speaker, R3’s Roger Willis, afterwards. He explained that there is potential for a permissionless, public blockchain to run on top of Corda. “Corda is a platform for building distributed applications where a blockchain is one of those applications,” said Willis. And, at the talk, he demonstrated how a blockchain could be built as an app or Cordapp.
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