World Bank Issues First Digitally Native Note on Luxembourg Stock Exchange
The basis for this issuance was Corda, R3’s digital ledger technology (DLT) platform that offers a sustainable infrastructure for digitally native notes.
Thus R3 project has just grown up to 42 members – the world’s largest and most influential banks.
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.
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.
The use of blockchain for exchange of data for interbank reconciliation has reduced the average time from 30-50 days previously to now under a day. The Italian Banking Association is also exploring other potential use-cases of blockchain.
The new members of the CCC will be leverage confidential computing that aims at protecting confidential user data by having a separate storage place free from the main operating system.
Veterans in the tech and finance space have launched InterWork Alliance tasked with providing a neutral platform for the development of the global standards for tokenization.
A Corda-blockchain based trading venture Contour that used to be known under the name Voltron has received a massive money inflow from Standard Chartered (SC).
The group of the biggest world’s banks led by the Bank of England will investigate the economic benefits of a central bank digital currency (CBDC).
R3 has conducted a milestone test of a trade finance offering powered by blockchain which took place on its Corda platform.