Corda, a distributed ledger platform developed by a finance industry consortium, will go open source next month when its developers donate the code to the Linux Foundation’s Hyperledger Project.
The move was reported by Reuters on Thursday and the story subsequently reposted to the websites of Corda backer R3 and the Hyperledger Project.
A distributed ledger, sometimes referred to as a blockchain, is a database shared across a number of servers and that relies on a consensus among those servers to guarantee its integrity.
The best known blockchain is the distributed ledger of all bitcoin transactions, which some have seen as a means to do away with banks. But the underlying technology is also of interest to banks and other financial firms, as it can improve the availability of transaction data, removing reliance on the reliability of a central database. Banks today each maintain their own separate ledgers — centralized, not distributed — to account for …