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R3, the developer of the Corda enterprise blockchain, has cut 90 staff. It continues to focus on CBDC, digital assets and tokenization. Corda is a permissioned blockchain platform that is primarily used by businesses in the finance-related industries. R3 Corda blockchain is empowering businesses with its unique architecture, privacy features, and scalable design. By leveraging this.

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Depending on the programmed privacy settings, some information may be left public, while other transactions may be viewable only by certain network participants. Corda is owned by R3, a blockchain technology company headquartered in New York. Blockchain is a fundamental shift in how we think about energy production, storage, distribution, and consumption. Hence the need for R3 to conserve capital now that funding for technology firms is scarce.