R 3 and R block state transfer Smart Contracts on Corda

The Security Token provider to block state from Switzerland, creates a way to transfer Smart Contracts on the Corda-Blockchain. In cooperation with the Software company R3 you create a way of interoperability.

By Phillip Horch
On the 27. June 2019BTC$11.821,00 -8.07%part Facebook Twitter LinkedIn xing mail

interoperability means the ability of different System, interlocking plating, tires and cooperate. If also already projects like Cosmos make the already try to, is not given in the Blockchain world.

another solution to interoperability, the software company is R3, and the Swiss STO block state is currently working on. Accordingly, the two companies stated in a press release on may 25. June is known to have a project completed.

This includes the ability to transfer Smart Contracts on the Ethereum block Chain on the Corda-Blockchain from the home R3. Thus, the two companies, they token a milestone for a wider acceptance-based emissions and investment.

David E. Rutter, managing Director of R3 says to this Form of interoperability:

to change The Tokenization of assets has the Potential, the functioning of the markets fundamentally. You can not only reduce the cost of issuing and trading of asset classes exist. [They][…] also opens up opportunities for trade in new asset classes such as real estate portfolios and illiquid corporate bonds. This brings decisive advantages – not only for issuers and institutional investors, but also for private investors.

Via block state

block state offers a Swiss – regulated platform for the tokenization of SMEs with Equity and debt capital, and non-bankable assets such as real estate. With the current output token equity raised from the block state, the platform is currently implementing a first test project.

The first external customer block state has been already known: Streetlife, a medium-sized company in the music and Lifestyle industry. Streetlife is to authorize shares on the platform of the block-state token and emit [..]. Five further issues of Security tokens in a variety of Asset-classes are also planned and will be announced in the course of the year.

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