Welcome to Concord; a Corda solution written in partnership with R3 for project "Marco Polo". Concord is a proof of concept to bring Distributed Ledger Technology (DLT) into trade finance.
Formal agreement or harmony between people or groups.
Musical a chord that is pleasing or satisfactory in itself.
In the Concord application there are several participants:
- Buyer - Responsible for issuing a purchase order.
- Supplier - The counterparty for a purchase order, and the initial owner.
- Conductor - TradeIX / TIX application behind a Corda Oracle, which performs external validation.
- Owner - The owner of the purchase order for any given state. This could be a supplier or a funder.
- Funder - Responsible for funding a purchase order.
When unit testing, the following values will be used to represent each of the participants
- Buyer -
BOB - Supplier -
Alice - Conductor -
BIG_CORP - Owner -
MEGA_CORP