Figure 14.11: Accounts model in Supply-Chain project

(Source: https://github.com/corda/accounts-demo-supplychain)

You can refer to this Supply-Chain project on GitHub to understand

how Accounts model can be effortlessly implemented for a supply-

chain ecosystem.

Accounts model is also hugely helpful for many different business

models in the banking and financial sectors. Especially, “Central

Bank Digital Currency” or CBDC implementation can be greatly

benefitted by the use of Corda’s accounts library.

14.5 Token SDK

R3 Corda has very well developed libraries for creating and

maintaining both fungible and non-fungible tokens. So, the

customers can represent any of their assets as non-fungible tokens

and can sell it on the ledger after the exchange of money. The

libraries give us an option to define our own token, issue it, update

the ownership, or even redeem the token. If needed, the history of

the state of the tokens can be retrieved from Corda’s vault.

Corda Token SDK can also be used in CBDC projects to create

coins with money like features that are not necessarily associated

with any particular account and can be independently traded with the

other assets, just like cash.

14.6 Corda Network

Corda also comes with its public permissioned version running on

the Internet, known as “Corda network”. This network run by not-for-

profit Corda Network Foundation can onboard certified nodes of

different organizations that can exchange cash, digital assets,

bonds, identity etc., on the ledger in an interoperable way. With the

Corda network, R3 has managed to introduce a publicly available

infrastructure, using which organizations can build super-quick

decentralized applications that can eliminate operational complexity.

Corda network also comes with 24/7 assistance and support to

onboard new organizations and help them to operate.