The Large Credit Union Coalition (LCUC) announced that it had joined New York-based enterprise software firm R3’s global blockchain ecosystem.
With the introduction of the commercial version of Corda, R3 makes it easier for businesses to reap the benefits of blockchain technology.
Microsoft and R3 Blockchain Consortium strengthen their partnership for deeper integration between cloud-platform Azure and Corda platform making it easy for businesses to develop their infrastructure on blockchain network.
According to the consortium, a new blockchain-based solution will enable fast and efficient international transactions among financial organizations.
Enterprise software firm R3 has introduced version 1.0 of Corda distributed ledger platform and, with it, core API stability.
The distributed ledger consortium R3 will soon launch the first production version of its Corda platform, following two years in the development stage.
The new tool named ‘BlockOne IQ’ will enable Wall Street companies to utilize Thomson Reuters’ data on trading systems that run on two types of blockchain types – Ethereum and R3’s Corda.
R3 CEV aims to raise $150 million with the third tranche of fundraising round scheduled for later this year.
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.