Blockchain insurance company B3i picks R3’s platform Corda
The Blockchain Insurance Industry Initiative (B3i) has selected R3’s Corda as the blockchain platform to build its applications and business network.
B3i Services reviewed the available open source blockchain technologies, and concluded that Corda was the best based on B3i’s enterprise platform strategy. It is understood to have left IBM and the Hyperledger Fabric framework, on which it had developed its prototype earlier.
B3i focused on criteria such as data privacy, scalability, interoperability and developer productivity.
“The Corda platform offers the optimal solution in the market to deliver the B3i roadmap and our industrywide insurance blockchain ecosystem,” comments Markus Tradt, CTO at B3i.
According to B3i, Corda’s design is based on standards, and it enables integration of Corda nodes in the IT environments that are used by B3i’s clients.
Last week, R3 was fighting back against a news article that claimed it was running out of money.
