Posts in category

R3


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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Blockchain startup Digital Asset has revealed a new project aimed at streamlining the way systemically important financial infrastructures access its technology. Led by former JP Morgan global commodities boss Blythe Masters, the startup is in the process of packaging its custom smart contract language DAML into easy-to-use software development kits (SDKs) for customers. Already an …

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Deutsche Börse Group, the Germany-headquartered securities listing and trading exchange, is planning to develop a blockchain-based system for securities lending. According to an announcement on Monday, Deutsche Börse said it plans to develop a system that can offer more efficient securities settlement, and will use technical support from financial management firm HQLAX and blockchain startup R3’s Corda …

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Blockchain isn’t going anywhere, but centralized authorities aren’t either. That realization was the general takeaway at the Depository Trust and Clearing Corporation’s annual fintech symposium in New York City on Thursday where executives behind some of the most mature blockchain platforms currently in the works took the stage to discuss the benefits and limitations of …

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Ripple Labs Inc., the company behind the Ripple settlement system, has lost its opportunity to hold the court hearing over a contested contract with its rival R3 in its home state, California, Bloomberg reported March 13. In September 2017, the R3 consortium filed a lawsuit in Delaware and New York against Ripple, claiming that the …

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The Swiss-based Credit Suisse and Dutch-based ING financial service groups have successfully completed the first live transaction of 25 mln euros (around $30 mln) in securities on R3’s Corda Blockchain platform, according to Credit Suisse’s March 1 press release. Credit Suisse and ING transferred the legal ownership of Dutch and German government securities using HQLAX …

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Online retailer Amazon this week received feedback that its hypothetical creation of an “Amazon Coin” would be positively received, while Starbucks, another large traditional consumer company, spoke of plans to use Blockchain on the Starbucks app, also hinting of the possibility of creating their own currency for the app’s use. A little over half of …

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Two major banks say they have successful sent securities worth €25 million ($30 million) over a blockchain-powered platform. In an announcement today, Credit Suisse said it completed the live securities lending transaction with Dutch bank ING, adopting a collateral-lending blockchain application co-developed by a financial resource management firm HQLAX and enterprise blockchain consortium R3. Credit …

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An initiative involving R3, a Blockchain consortium made up of over 100 financial institutions, trade finance platform TradeIX, and a group of leading global banks announced the pilot launch of their trade finance platform, according to a press release Wednesday, Feb. 21. The press release explains that the solution is based on R3’s distributed ledger …

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Blockchain software startup R3, trade finance tech provider TradeIX and a group of major banks have moved their Marco Polo trade finance platform to the pilot stage. The news follows on from what the firms call in a press release a “successful” proof-of-concept that commenced last September in partnership with BNP, Commerzbank and ING. The …

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The R3 Blockchain consortium has announced their creation of a Legal Center of Excellence (LCoE) today, Feb. 20 — a team consisting of ten law firms that will educate lawyers globally about new Blockchain technologies, according to a press release published on FinExtra. R3, which is made up of over 100 financial institutions, launched the …

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R3 is taking new steps to train the next generation of distributed ledger lawyers. Announced February 20, the consortium of more than 200 financial institutions has assembled a team of 10 law firms to create the Legal Center of Excellence (LCoE), a platform for educating lawyers around the world on the fundamentals of blockchain technology …

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Blockchain technologies and cryptocurrencies will be front and center at the Commodity Futures Trading Commission’s Technology Advisory Committee meeting Wednesday, according to a newly published agenda. The meeting’s agenda, released late Monday afternoon, outlines how the first two panels will focus on blockchain and its potential applications to derivatives markets, as well as the relevant …

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It turns out, last year’s mantra “make blockchain real” was little more than wishful thinking. Instead of the increased efficiency, enterprises have encountered impractically slow transaction volumes; instead of a transparent world with ultimate accountability, companies holding sensitive customer data faced regulatory concerns. Still, there’s reason to believe the same rosy-colored forecast just might come …

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