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Describe how Corda Works?

Blockchain platforms have become fairly popular amongst the business circle. They provide enterprise solutions while ensuring complete safety and security of the system. With the growing demand for Blockchain professionals who can leverage the Corda platformu2019s benefits to the business, it is surely become one of the large scale influencers.

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Describe how Corda Works?

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  1. Describe How Corda Works? Blockchain platforms have become fairly popular amongst the business circle. They provide enterprise solutions while ensuring complete safety and security of the system. With the growing demand for Blockchain professionals who can leverage the Corda platform’s benefits to the business, it is surely become one of the large scale influencers. So, what makes Corda so important and why are companies adopting it. Let’s understand some of the features of this technology, which will eventually help you know about Corda’s functioning.

  2. Learn Kotlin Corda is written in Kotlin- One of the key features of Corda is that it is written in Kotlin, which makes Corda compatible with any JVM language. It might require you to work a bit extra in learning when it comes to Kotlin, but it will be quite easy for you to learn. So, your first step to learning how dos Corda works is to learn Kotlin.

  3. Understanding How Does Corda Works: Well, we will be taking an example of R3’s Corda training material to understand the functioning of Corda. The example that we are highlighting here is of IOU, or I Owe You, where someone requests the money, and then it will be paid back to the person. In simple words, when the borrower asks for money form the lender, he thinks about the amount and asks for the money, and the lender gives it to them. Both the borrower and the lender remembers the amount here.

  4. Now, let’s take this to the Corda platform. In this case, the borrower thinks about the amount that needs to be borrowed and creates a transaction. He signs the transaction and then sends it to the lender. The lender also signs the transaction and sends it to the borrower. All this gets saved on the Corda platform. This way, we now have a complete record of the transaction between the borrower and the lender. It is immutable and cannot be altered, and hence the information is absolutely safe.

  5. This is the basic functioning of Corda; however, much more goes into it. You need to learn how to code and prepare the entire programming such that the execution on the front takes place seamlessly.

  6. There is also the creation of smart contracts that can eventually help in the successful execution of the transaction. This is just one example. There are various other ways to use Corda and make the process of information exchange transparent and secure.

  7. Platforms like Corda will be extremely helpful in the times to come, and we will witness some great uses of the same. All this would require an efficient workforce and Corda experts.

  8. The Way Ahead- learning about Corda is going to take your career graphs to new heights, you can expect your career to grow multiple folds. Platforms like Blockchain Council provide a great learning experience where you can go for a blockchain specialization certification program in Corda and become a Corda expert. To get more updates on the Blockchain certification program, connect with Blockchain Council today.

  9. Blockchain Council Certifications You can check out our certifications, and kick start your career in the Blockchain space today. • Certified Blockchain Expert • Certified Blockchain Developer • Certified Smart Contract Developer • Certified Solidity Developer • Certified Ethereum Developer

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