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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.

Top News

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The Depository Trust & Clearing Corporation (DTCC) announced its plans to utilize blockchain technology to facilitate credit default swaps in collaboration with...

Major Financial Company to Handle $11 Trillion Volume With Blockchain

2017-01-11T16:25:00+00:00

1962

Deloitte stated in an annual report that banks and financial institutions must form consortiums in order to pursue the implementation and commercialisation of b...

Deloitte: Banks Need to Form Consortiums For Blockchain to Work

2017-01-02T15:08:00+00:00

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Malta’s MSE has created a blockchain committee to begin Blockchain research in Malta’s financial sector.

Malta Stock Exchange Plans First Blockchain Application, Establishes Own Consortium

2016-12-04T15:15:00+00:00

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When it seems like opening its Blockchain to all is the right thing for R3 consortium to do, considering all that it has endured in the month of November, Peter...

R3’s Corda More Like Bitcoin Without Blockchain Says Peter Todd

Olusegun Ogundeji

2016-11-30T17:59:00+00:00

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Such a week for the R3 consortia with Goldman Sachs and Santander moving on! But is this impending doom?

Big Banks Scrambled To Jump On R3, Will They Scramble To Get Out Now?

2016-11-25T16:55:00+00:00

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Goldman Sachs and Banco Santander announced that they will no longer cooperate with the R3 Consortium to explore the potential of blockchain.

Goldman Sachs, Santander Drop Off R3, End of Blockchain Consortium Is Near?

2016-11-22T15:05:00+00:00

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Angel investor in Bitcoin and Ethereum Chandler Guo says venture capitals may like the ideas of chains like those propagated by R3 but they will later realize t...

How Bitcoin Will Destroy R3 and Other Blockchains in Three Years

Olusegun Ogundeji

2016-11-15T15:30:00+00:00

2233

R3 and the Monetary Authority of Singapore prepare to launch the MAS’s first dedicated Blockchain research and development center for Fintech.

Singapore’s Central Bank Pairs Up With R3 to Create Blockchain R&D Center

2016-11-14T10:20:00+00:00

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