R3 is a financial innovation firm dedicated to the design and deployment of DLT to build the new operating system for financial services.
R3 is an innovation firm focused on building and empowering the next generation of global financial services technology. It leads a consortium of over 200 financial companies in research and development of blockchain usage in the financial system.
The basis for this issuance was Corda, R3’s digital ledger technology (DLT) platform that offers a sustainable infrastructure for digitally native notes.
According to the company, R3’s Decentralised Finance network Obscuro can diminish malpractices like front-running.
As per BoE, the intention behind establishing the engagement forum is to accumulate relevant information and data related to the policy formation and functional requirements for its CBDC initiative.