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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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No central bank is currently working on a CBDC that can be used by consumers, according to blockchain firm R3.

No Global Central Bank Is Working on Retail Digital Currency Use, Says R3

Adrian Zmudzinski

2020-05-01T19:42:00+01:00

7793

Nasdaq is partnering with the blockchain solution provider R3 to build institution-grade digital assets and marketplaces.

Nasdaq Partners With R3 to Help Build Institutional-Grade Digital Assets

Mohammad Musharraf

2020-04-30T22:30:00+01:00

4618

India’s Tech Mahindra said faster reconciliation and a reduction in paperwork are just two of the benefits of using the Marco Polo blockchain platform.

Indian Tech Giant Mahindra Speeds Up Cross Border Transactions with Blockchain

2020-03-27T00:55:00+00:00

4203

Experts weigh in on how blockchain ID can restore self-sovereign identity both online and in the physical world.

Blockchain Digital ID — Putting People in Control of Their Data

2020-03-23T01:00:00+00:00

14495

Flagship global airline KLM Royal Dutch Airlines is using blockchain to facilitate intercompany settlements process with its subsidiaries.

KLM Royal Dutch Airlines Uses R3’s Blockchain for Financial Processes

2020-02-28T11:47:00+00:00

2667

Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency project for cross-border payments.

Hong Kong and Thailand Pilot DLT-Based Project for Cross-Border Payments

2020-01-22T13:39:00+00:00

4900

Recent research from the European Central Bank showed that it is possible to develop a central bank digital currency payment system that protects user privacy.

Private Payment System for Central Bank Digital Currency Possible, Says ECB

2019-12-17T14:33:00+00:00

5649

Multinational IT services giant Tata Consultancy Services launched the Quartz DevKit, which the firm claims can build blockchain apps 40% faster.

Tata Consultancy Services Launches Blockchain App Deployment Kit

Adrian Zmudzinski

2019-12-16T12:49:00+00:00

8086