Will creating an obligation come under state?

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I want to create an obligation stating all the details about a particular property which is to be transferred to another party. So is creating this obligation a state?

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Joel On BEST ANSWER

Yes. In Corda any shared fact on the ledger is a state.

In general, CorDapps decompose into three main parts:

  • States, which describe shared facts
  • Contracts, which govern the evolution of these shared facts
  • Flows, which allow your node to execute some process, generally related to updating the ledger's shared facts