R3 working with Intel on Corda security

R3 is collaborating with Intel to improve data privacy and security for Corda, its distributed ledger technology platform.

According to R3, Corda already only sends information on a ‘need-to-know’ basis - allowing for confidentiality of trades and agreements while also capturing the benefits of a distributed infrastructure

Through the collaboration, Intel’s new Xeon Scalable processor will add further privacy and security capabilities to the Corda platform

Mike Hearn, lead platform engineer at R3, said: “By partnering with Intel we will be able to give Corda users more class-leading features as we continue to set the standard in DLT data privacy.”

“Corda addresses multiple problems identified by our eighty-plus members across the globe, but transaction privacy is usually the top issue blocking real-world deployment. We're very happy to be developing new solutions to this problem by working with Intel.”

Rick Echevarria, vice president of the software and services group and general manager of the platforms security division at Intel Corporation, added: “R3’s collaborative approach and Corda platform places R3 in a unique position to drive the evolution of market infrastructure for the next generation of financial services.”