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R3 News

R3 is an enterprise software firm which focuses on distributed database technology. It leads a consortium of over 200 members, such as financial institutions, banks, trade associations and fintech companies. The main aim of R3’s consortium is to develop Corda – an open-source distributed ledger platform, designed to work within finance to operate complex transactions and restrict access to transaction data. Corda has also garnered the interest of healthcare institutions, the insurance industry, and governments. Although R3 was inspired by blockchain, Corda is not designed to be a traditional blockchain platform. Corda does not have its own cryptocurrency, can only share data with the required participants and offers interoperable applications for finance and commerce (called CorDapps). Corda is gradually being implemented into the financial industry, being used for the transactions of Credit Suisse and IGN, while continuing to gather more and more partners for R3.

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CULedger, a U.S. credit union service organization-owned blockchain consortium, has joined enterprise software firm R3’s global blockchain ecosystem.

US Credit Union Blockchain Consortium Joins R3's Global Ecosystem

2018-12-14T15:22:00+00:00

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Four international banks have completed a live commercial paper transaction based on blockchain consortium R3’s Corda platform.

Four International Banks Complete Commercial Paper Transaction on R3’s Corda Platform

2018-12-06T22:16:00+00:00

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R3’s Corda platform aims for an adoption boost via a partnership with Japanese financial services giant SBI Holdings.

SBI Holdings, R3 Embark on ‘Joint Venture’ to Boost Corda Blockchain Use in Asia

2018-12-06T11:58:00+00:00

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Enterprise blockchain consortium R3 has released a new universal payment settlement platform, with ‘rival’ Ripple’s XRP the first crypto to be supported.

R3 Adds Ripple as First Crypto for Its Universal Payments DApp

2018-12-05T18:50:00+00:00

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The largest private bank in Brazil, Itau Unibanco, has tested a $100 million loan on a blockchain platform powered by R3.

Major Latin American Bank Conglomerate Itau to Create Blockchain Platform for Small Loans

2018-12-04T18:07:00+00:00

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U.S.-based trading technology firm IPC Systems has partnered with blockchain software consortium R3.

US Trading Technology Firm Partners With R3 Blockchain Consortium

2018-12-04T02:58:00+00:00

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SBI Ripple Asia and the Japan Payment Card Consortium have announced a joint proof of concept to prevent fraud with blockchain technology.

SBI Ripple Asia, Japan Payment Card Consortium Partner on Blockchain System to Fight Fraud

2018-11-23T13:36:00+00:00

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Singapore’s state investment firm Temasek invested in enterprise blockchain software firm and global banking consortium R3

Singapore’s State Investment Firm Backed R3 as Part of Blockchain and AI-Focused Strategy

2018-11-22T12:06:00+00:00

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