Corda Network Foundation Document history

Pricing

Membership Tiers

Participation in Corda Network is for legal entities only. In general, the term ‘participation’ rather than ‘membership’ is used, as this is the terminology used for a Dutch Stichting in the laws governing it.

Currently there are two tiers for participation in Corda Network: (1) Full participant (2) Identity-only / sponsored participant

A full participant usually signs an agreement directly with the Corda Network Foundation. They typically manage their own nodes and are part of one or several tightly-knit business network(s). They receive full onboarding support from the Network Operator, can be a member of multiple business networks and run multiple applications, have voting rights and can stand for the Foundation’s board of directors.

In contrast, identity-only participants typically are part of much larger, disparate business networks where participants only infrequently transact on Corda Network. They only need an identity for one application; are expected to receive on-boarding support from their business network or application provider, instead of the Network Operator; do not have voting rights and cannot stand for the Foundation’s board of directors. They are issued with a certificate by the Network Doorman, they will be on the network map and a lower level of identity checking will have been done, given that they are part of a sponsored model.

  Identity-only (Sponsored) Full Membership
Node Deployment    
Certificate Issuance
On the Network Map
Identity checks
Onboarding support  
Ongoing    
Multiple node applications  
Ongoing support  
Voting rights  
Can stand for the Foundation’s board of directors  
PRICE $100 per year / identity $2500 per year / identity
Billing Aggregated via sponsor Direct invoice

Transaction Fees

Transaction fees are charged for notarisation provided by Corda Network notary, and are structured in two different models. Both apply on a per-identity basis:

Model 1. Pay As You Go

This is invoiced retrospectively at the end of the year. As with participation fees, the invoice is managed by Sponsors for identity-only participants, and sent direct to full members.

Number of transactions per year Cost $
0 – 10K FREE
10 - 20K 10c per txn
20K + 1c per txn

Model 2. Up-front Package

This is designed to provide assurance over notarisation costs. It is invoiced prospectively at the start of the year. As with participation fees, the invoice is managed by Sponsors for identity-only participants, and sent direct to full members.

Number of transactions per year Cost $
0 - 50K $1,000
50 - 100K $800
100K + (in 50k increments) $500

Any ‘unused’ transactions at the year-end are not carried forwards or reimbursed. Additional transaction packages can be purchased at any time, but previous purchases that year are ignored in calculating the cost.

Third-party Notaries

Notary fees for third-party notaries are at the sole discretion of the corresponding notary provider, and invoicing is managed by them.