Here you will learn about Corda technology which was developed by the company called R3. They made the Corda ecosystem specifically for financial institutions and their goal is to replace the outdated banking technologies. Corda, just like Blockchain, is using the so called Distributed Ledger Technology, but the whole interpretation of DLT is somewhat different to the traditional cryptocurrency technology, Blockchain. Firstly, one of the major difference between Corda and the Blockchain is that while the latter works with programming based smart contracts, Corda system uses regular "law" based contracts . One of the reasons behind this is to be compatible with the really strict regulations towards the financial institutions. The major information about these contracts are programmed into the so called States . For example, here is an IOU (I owe you), where Alice says that she will pay for Bob at a specif...
As an average guy I want to educate and inform the people about CBDCs in a clear and simple way.