R3 Creates Corda Network Foundation to Manage Corda Blockchain Network

The foundation will be completely separate from R3, and will be governed independently to assure participants that the network will not be monetized.


Blockchain technology provider R3 has set up the Corda Network Foundation, a group that will independently manage and operate its Corda blockchain network, which provides a blockchain platform on which firms can build applications on and share information through an interoperable system.

R3 will continue to build out Corda despite transferring management of the network to the foundation, which will be completely separate from R3 and will be responsible for creating rules and standards for the

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