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.
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R3 Details
Operating Status:Active
Business TypePrivate
HeadquartersNew York City, New York, United States
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.
As of July 2020, about 80% of Italian Banks were using R3’s Corda Blockchain to exchange data and this market may play a crucial role in driving the adoption of the XDC coin.
