The subject of this brief article is a review and ranking of “The Corda Platform: An Introduction” whitepaper authored by Richard Brown in May, 2018. It, basically, describes “an Oracle on steroids” created to manage world-wide documents work-flow.
Citing: “A distributed made up of mutually distrusting nodes would allow for a single global database that records the state of deals … “
Generally speaking, Corda network consists of three layers: a silo, which contains digital documents recording the current state of agreements between network participants; a transactions layer which is realized by executable fixed-state contracts each of which represents a sole (or a group of) “function(s)” accepting or rejecting proposed transactions; an application layer which allows users or “business networks” to create their own interfaces.
Such multi-layered architecture creates many potential attack vectors on the system. Result: “c+” for “Security” (“+” is, on this early stage, giving a benefit of the doubt to the authors). Can’t be done to “Transparency”, though. Codra is centralized by definition and requires an obscure “Corda network governing body” to assure its proper functioning. Result: “c”.
That type of “sandwiched” approach to system’s “Engineering” doesn’t look to me neither inspirational nor original. However, I wouldn’t probably call it “ugly” either. Result: “b-”. As to system’s “Velocity”, it’s “c” for, IMHO, there are many potential barriers for users / companies to join Codra including an implied business processes’ and internal formats’ standardization.
“System”: Security-Velocity-Engineering-Transparency sub-rating: c+cb-c
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Published at Mon, 13 May 2019 14:16:24 +0000
