R3 will deploy its permissioned consensus module directly on Solana. This module will act as a bridge between Corda, R3\u2019s private ledger designed for institutions, and Solana\u2019s public blockchain. In this model, Solana will validate transactions and serve as the consensus layer for R3\u2019s private networks.<\/p>\n
The partnership aims to deliver \u201cthe first enterprise-grade, permissioned consensus service offered to the public directly on a Layer 1 network,\u201d according to R3\u2019s press release. The goal is to bring traditional finance and decentralized finance into closer alignment.<\/p>\n
Despite the collaboration, Corda\u2019s networks will remain private and permissioned. Transactions will only be visible to the involved parties. The network will publish just enough information to validate transactions, without making them publicly accessible.<\/p>\n
The partnership will also bring 10 billion dollars in regulated real-world assets from R3\u2019s platform to Solana. These include bonds, securities, and other assets issued by financial institutions on Corda. According to Lily Liu, president of the Solana Foundation, the integration marks a major step toward institutional adoption of public blockchain infrastructure.<\/p>\n
\n\u201cR3\u2019s decision to bring its regulated financial network onto Solana is powerful validation that public blockchains have reached institutional readiness. With Solana\u2019s unmatched performance, enterprise-grade permissioning, and growing roster of regulated assets, we\u2019re not just witnessing convergence between TradFi and DeFi \u2013 we\u2019re enabling it,\u201d Lily Liu, Solana Foundation<\/p>\n<\/blockquote>\n
Private blockchains continue to serve a key use case for enterprises and financial institutions. They provide an immutable ledger for storing critical data, including transactions, accounts, and supply chain records. Unlike public blockchains, however, only approved participants can access or interact with the data.<\/p>\n
<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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