JP Morgan has announced its exit from the bank blockchain consortium, thus becoming the latest banking giant to leave the initiative.
R3 explains that Blockchain itself can’t be applied to wholesale financial markets without careful consideration – that’s why Corda was created.
Post-trade financial services company has announced it will soon start developing new blockchain-based platform for processing credit default swaps.
R3 aims to encourage collaboration and contribution to the Corda platform by giving developers an access to the source code.
A blockchain startup R3 CEV is going to raise $150 million in its first funding round and some of its original members have already expressed their intention to invest.
Morgan Stanley can follow Goldman and Santander that have recently unveiled their plans to leave R3 consortium.
Ten of the globe’s leading banks have worked with R3 to create a new service for Know Your Customer (KYC) procedure using the distributed ledger technology.
R3 CEV has created its blockchain-based platform Corda specially for financial sphere.
A group of eight banks, including UniCredit, HSBC, and UBS, have finally tested a distributed ledger prototype for bonds exchange using Intel’s blockchain platform.
R3 CEV files a patent application for Corda, distributed ledger software underlying the Concord Project.
The trials resulted in the development of two promising prototypes aimed to prove that shared ledger technology is a digital alternative for trade financing.
Now, the AIA Group will join a group of world’s leading financial organizations collaborating on the development of blockchain-based applications.