B3i Community Conference Masterclass - Technical 'Intro to Corda' (2018-11)
•
1 like•1,059 views
Masterclass facilitated by Alessandro Spadoni, Philipp Tölle, and Markus Tradt
Recommended
Recommended
More Related Content
What's hot
What's hot (19)
Similar to B3i Community Conference Masterclass - Technical 'Intro to Corda' (2018-11)
Similar to B3i Community Conference Masterclass - Technical 'Intro to Corda' (2018-11) (20)
Recently uploaded
Recently uploaded (20)
B3i Community Conference Masterclass - Technical 'Intro to Corda' (2018-11)
- 1. ©B3i 2018 Understand Corda with B3i Corda Introduction
- 2. ©B3i 2018 Agenda 2 Corda Introduction - Understand Corda with B3i • Recap B3i • B3i Vision • What is Corda? • Core Concepts • States – Reinsurance Agreements • (Governing) Contracts – Default Validations • Flows – Codex1 Business Process • Network Services • Notaries • Network Map • Summary
- 4. ©B3i 2018 B3i Vision One Pager 4 Corda Introduction - Understand Corda with B3i Accelerate the world’s transition to more relevant, accessible and affordable insurance
- 5. ©B3i 2018 What is Corda?
- 6. ©B3i 2018 Corda is a unique blockchain platform that: § Allows private transactions § Between legally-identifiable counterparties § In an easy-to-use way While maintaining the benefits of traditional blockchains What is Corda 6 Corda Introduction - Understand Corda with B3i
- 7. ©B3i 2018 States, (Governing) Contracts, Flows Core Concepts
- 8. ©B3i 2018 § The Ledger is a set of state objects representing agreements between Parties § B3i represents Reinsurance Agreements as shared States § Agreements are only shared with involved Parties § Involves Parties on a state receive updates off a state § Actors in the network are Parties, identified by X.509 Certificates States – Reinsurance Agreements 8 Corda Introduction - Understand Corda with B3i Creative Cedent Random Reinsurer First Broker Native Cedent
- 9. ©B3i 2018 Reinsurance Agreements – Technical View 9 Corda Introduction - Understand Corda with B3i Participants: CreativeCedent RandomReinsurer FirstBroker Properties: - changeRecord - Originator … ReinsuranceAgreementState implements LinearState, QueryableState, OriginableState
- 10. ©B3i 2018 Concept of Transactions is being used for Ledger updates § Transactions are atomic § Transactions include: § 0+ input states, 0+ output states § Commands, Attachments and Timestamps § Signatures Transactions are verified by (Governing) Contracts Transactions consume old states Consecutive updates to the ledger form a transaction graph (Governing) Contracts – Default Validations 10 Corda Introduction - Understand Corda with B3i Creative Cedent Random Reinsure r First Broker Native Cedent
- 11. ©B3i 2018 Transactions – Technical View 11 Corda Introduction - Understand Corda with B3i Transaction 0 Participants: CreativeCedent FirstBroker Properties: changeRecord Originator … ReinsuranceAgreementIssue Transaction 1 Participants: CreativeCedent RandomReinsure r FirstBroker Properties: changeRecord Originator … ReinsuranceAgreementIssue+1 Participants: CreativeCedent FirstBroker Properties: changeRecord Originator … ReinsuranceAgreementIssue CMD CM D • Ensure All Parties have signed • Ensure Fields are consistent • Ensure valid status transition SigCedent SigReinsure r SigBroke r SigCedent SigBroke r Historic
- 12. ©B3i 2018 § Updates to the ledger involve communication between involved parties and is a complex process § Corda provides an abstraction layer called “Flow Framework” § Build-in flows are used to automate tasks § Transactions are created in a Flow using the TransactionBuilder Flows – B3i Business Process 12 Corda Introduction - Understand Corda with B3i CrCedent End FirstBroker End Notary End Propose Update Check Update Sign Update Check Update Sign Update Record Update Sign Update Record Update Send (Update + Sig) Send (Update + 2 Sig) Send (Update + 2 Sig) Send (Update + 3 Sig) Send (Update + 3 Sig)
- 13. ©B3i 2018 A set of Corda NetworkServices is provided in the B3i Network: §Networkmap Service §A directory of well-known nodes §Notary Cluster §Provides transaction finality §Records states as historic after being spent è Double Spend Consensus §“Pluggable Consensus” within a notary Cluster (RAFT, BFT etc.) §B3i Membership Directory §Provides additional information on participating companies Network Services 13 Corda Introduction - Understand Corda with B3i
- 14. ©B3i 2018 B3i Node Architecture
- 15. ©B3i 2018 B3i Node Architecture 15 Corda Introduction - Understand Corda with B3i
- 17. ©B3i 2018 Corda provides B3i with the key capabilities needed: §Strong privacy model §Strong Blockchain capabilities including: §Immutability §One Version of the Truth (information certainty) §Truly decentralization §Ease of development Summary 17 Corda Introduction - Understand Corda with B3i
- 18. ©B3i 2018 § B3i Website: https://www.b3i.tech § B3i LinkedIn: https://www.linkedin.com/company/b3i-tech § Corda Docs: https://docs.corda.net § Corda Enterprise Docs: https://docs.corda.r3.com § Corda Github: https://github.com/corda/corda Links 18 Corda Introduction - Understand Corda with B3i
- 19. Thank You!