I am completely new to Corda, but I find it interesting because it focuses so much on the financial aspect.
Currently I am working with Ethereum on a factoring solution and I was wondering whether Corda is a better choice for it. We have exclusive data in the field of supply chain movements and we use this data to execute automated payments.
We have 2 tokens in our ecosystem:
- USDT ERC20 (issued by Tether.to) - this is a stable value token which is tethered to traditional USD.
- A security token (Issued by us) - its use is getting rewards from every transaction (our factoring solution) with USDT.
Unfortunately I can’t tell too much about it and I hope you can get an idea of it. My questions are:
How would look such a structure on Corda?
Can I use currency?
Which currency would be used?
Is it real USD & EUR or do I have to exchange it?
Can I issue a security token and send (automated) rewards to it from every transaction with the actual currency?
Many thanks and best regards