Earlier this summer, R3 released the public beta of its Corda platform, a move that came weeks after it announced
more than $100 million in funding.
In this process, the CTO said,
they created the world's first decentralized‘netting scheme' through which all of the Corda nodes could use a business process
engine that was built for a different purpose.
Since then the consortium has grown to include 77 of the largest banks in the world,
and through the development of its Corda protocol, overcome a series of obstacles to become
one of the most recognizable names in blockchain.