R3 Corda and blockchain
                     R3 CORDA AND 
BLOCKCHAIN
What is Corda?
C orda is a distribution ledger software that processes 
and records data for this decentralized network and 
then to promote the environment. So Corda is mainly 
focused on the financial sector. Similarly, the 
Corda R3 development architecture is primarily 
committed to supporting smart contracts similar to 
the definitions of Brain, Bakshi and Clock.
The structure of a smart contract in the Corda R3 
architecture itself can be said to be a contract based 
on a computer code, but perhaps it depends on 
human control and data entry. So, if anyone wants or 
needs it, they can apply it legally like these smart 
contracts at any time. If there is any dishonesty in 
the operation of a smart contract in the private 
blockchain of this corda, a case can be filed against 
it.
 
IS CORDA A 
BLOCKCHAIN?
By the definition of this corda, it is a blockchain, and all its 
transactions are cryptographically linked to the transactions 
on which it depends. Therefore, an important difference is 
that the cord does not turn into a block before the 
transactions are confirmed at once. Instead, the corda 
confirms each of these transactions in real time.
Thus, with Corda, it does not need to wait for a block break 
so this component enhances scalability and then privacy. 
This means that the corda is a hybrid. Then we can say that 
it is a blockchain, or at the same time it is not a blockchain.
 
Main features of the 
R3 blockchain platform
Initially, all members of this R3 blockchain consortium developed the 
Corda private blockchain for the sole purpose of financial institutions. 
Thus, it has proven to be more broad and number one in all aspects of 
use. So we could see all the significant similarities between a typical 
blockchain system in Corda's private blockchain, but it does not have 
a traditional design, so it can not handle any real world situation.
Based on this, this corda changes the original version of the R3 
architecture blockchain and then offers Blockchain 2.0. So in the 
building block of the Corda R3 architecture itself, they are each 
referred to as "state objects". Thus all these objects represent part of 
all the original , and that or there in is the whole contract.
That is why it is said to be very different from a normal blockchain 
because the condition of the entire virtual machine or the entire 
ledger system itself depends on the benefit of the user's consensus. 
So Corda does everything a little differently.
 
R3 Blockchain Platform 
Approval Process
If there are any errors on this corda blockchain platform, you can 
update it. Then you need to use transactions to make changes in 
it. So this new transaction uses the previous state object and 
then develops a new state object using the corrected data. In 
addition, the platform in this corda blockchain can be said to 
have two sides of consensus-
01 Validity of the transaction:
 
Users involved in the further contracting process with this 
corda's private blockchain should check out all the required 
points for renewed confirmation. In order to do so, they need to 
check all the appropriate contract codes on the status object. 
That's why users say it has to be crucial. Not only that, but this 
State Object must be signed by all parties so that even if it 
specifies any other type of transaction, that transaction must be 
valid.
 
02 Uniqueness of the transaction:
In any case, validators can know it all if they see that all the inputs 
in a state object are then no revision or no transactions related to 
it. As well as running the same contract codes with transaction 
validators can verify all of this. In such a case, it can be said that it 
requires a predetermined observer, and in addition it should be a 
member of the users who pay more attention to each other in the 
pool of notaries. The private blocks of this corda may also have 
multiple notary pools, in which each pool can be assigned different 
types of inspection features.
It's generally agreed upon at the ledger level on these other types 
of blockchain platforms, but not on the corda. On the other hand, 
any user of this R3 blockchain platform can see only a fraction or a 
subdivision of the entire ledger. In it the other parties get the 
required confidentiality without posting any important information 
about their transaction on any other private channel.
 
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