Posts in category

R3


This space ain’t big enough for all of us. That about sums up the way R3’s technical chiefs, CTO Richard Gendal Brown and lead platform engineer Mike Hearn, view the rivalry among enterprise blockchain solutions. While it may be more genial and less chaotic than the public blockchain world that Hearn left behind when he …

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Digital security firm Gemalto is teaming up with blockchain startup R3 to pilot a new digital identity platform that’s aimed at mainstream users. Called Trust ID Network, Gemalto said the new platform will provide users with more control over how and when their personal data is shared with third parties, and that such “self-sovereign” identities will …

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London’s CordaCon 2018, an annual gathering hosted by R3 to celebrate everything happening on the Corda platform and its developer community, appeared to be in rude health this year with standing room only in many of the presentations. The event saw some 1,150 registrations over the two days – exponential growth from last year, noted …

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Blockchain startups Ripple and R3 have resolved a legal battle that saw both firms filing suits over a contract dispute. A representative from R3 confirmed the settlement to CoinDesk in an email, saying: “R3 HoldCo LLC, R3 LLC, Ripple Labs Inc. and XRP II, LLC announce that they have reached a settlement of all outstanding …

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Enterprise blockchain is a tough old game. R3, one of the most prominent startups in the sector, tried unsuccessfully this summer to muscle in on another blockchain consortium, the Utility Settlement Coin (USC) project, which is managed by U.K. technology vendor Clearmatics, CoinDesk has learned. In early June, R3 proposed to the USC’s bank members …

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Three years ago, Microsoft Azure was the first to bring blockchain to the cloud. Now it’s connecting the technology to just about everything else. The software giant has quietly been building bridges between its blockchain services and other, widely used infrastructure and platforms, such as Office 365 Outlook, SharePoint Online, Salesforce, Dynamics 365 CRM Online, SAP, …

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The Bank of Thailand (BoT) has announced it expects to complete the first phase of a proof-of-concept trial for a central bank digital currency (CBDC) by March 2019. The Thai central bank said in a release on Tuesday that it has partnered with eight financial institutions in the country in a bid to create a …

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There’s no shortage of breathless hype about blockchain. What’s harder to find is a sober and nuanced discussion of the technology’s merits and drawbacks for a particular use case. For such a perspective, it can help to talk to different people at the same company who have been studying the matter and reached divergent conclusions. …

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Richard Gendal Brown is the CTO at R3. After years of discussion and planning, enterprise blockchain is now becoming a reality across industries as diverse as insurance, healthcare, gold, oil and gas, finance and more. But it’s worth taking a step back and reflecting on the reasons why. Have you ever stopped to think about …

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More than a year in the making, Corda Enterprise has arrived. Announced Tuesday, blockchain startup R3 has released a paid version of its signature open-source Corda blockchain technology, one that offers added features aimed at regulated institutions including 24/7 support, disaster recovery and more. The big reveal comes just over 13 months after R3 raised …

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R3 has scored another win in the insurance sector, giving the startup a wide lead over other distributed ledger technology (DLT) providers in the sector. Revealed exclusively to CoinDesk, the RiskBlock Alliance, whose members include such insurance heavyweights as Chubb, Marsh and Liberty Mutual, has decided to build its first set of use cases using R3’s …

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A group of financial firms and regulators, including big names like BNP Paribas and Deutsche Bank, have conducted a trial of a know-your-customer (KYC) compliance application built upon R3’s Corda blockchain platform. The 39 participants put the app – built by New York-based tech firm Synechron – through a four-day test of the app using 45 nodes in …

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It may have seemed unthinkable four years ago, but crypto tokens might be coming to R3’s Corda. Revealed exclusively to CoinDesk, Cordite, an open-source community that’s independent from R3, but building solely on the code it pioneered, is about to come out of stealth mode. Cordite promises to do for enterprise blockchains what the ERC-20 standard did …

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The world’s largest blockchain insurance consortium will use R3’s Corda platform to build its upcoming products, the company announced Monday. The Blockchain Insurance Industry Initiative (B3i), the independent company founded by Allianz, Aegon and Swiss Re, and supported by AIG and AIA, will use the platform to advance a prototype reinsurance blockchain, as well as …

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Distributed ledger startup R3 is reportedly running low on cash – and judging by the social media response, the crypto-community isn’t showing much sympathy. Fortune reported Thursday that R3 is facing a cash crunch, coming just over a year after the company announced a $107 million funding round to “bring blockchain services to the financial …

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CLS, a U.S.-based forex settlement provider, has made a $5 million investment in enterprise blockchain startup R3. According to a press release, the newly inked deal will see CLS will take a place on R3’s board of directors. CLS aims to work in collaboration with other members of the consortium startup to explore how it can …

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Speaking to an audience in New York City on Thursday, Digital Asset CEO Blythe Masters and R3 founder and CEO David Rutter worked hard to cast their projects not as applications but as entire ecosystems for developers to build apps of their own. Rutter and Masters took the stage during the first session of the …

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R3 may have started as a consortium of banks looking to use blockchain technology, but it’s broadening its ambitions. Now a startup whose staff numbers in the hundreds, R3 is proposing its distributed ledger technology platform, known as Corda, be used to link together a wide range of businesses, not just financial ones. The core …

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A long-time bitcoin developer who quit the project in 2016 broke his silence on Thursday, opening up on the state of the project in a lengthy reddit Q&A. There, Mike Hearn, who has since joined banking consortium startup R3, discussed a range of topics, including the bitcoin cash hard fork and the block size debates that …

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A form of central bank digital currency (CBDC) may go live in 2018. At least that’s according to Antony Lewis, research director at global banking consortium and distributed ledger software startup R3, who issued the prediction during a panel discussion at the Deconomy event in Seoul, South Korea, on Wednesday. “For wholesale use (of CBDC), …

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