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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

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

The Marco Polo Network, a trade finance network co-developed by major blockchain firm R3, has completed its largest finance trial to date.

R3’s Marco Polo Runs Largest Trade Finance Trial With Over 70 Members

2019-12-16T12:09:00+00:00

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CULedger, a blockchain consortium and credit union service organization, has successfully completed a pilot project together with three American credit unions.

CULedger Pilots Blockchain Identity Solution With Three US Credit Unions

2019-12-16T09:50:00+00:00

2418

Commerzbank, Credit Suisse and UBS carried out the first transactions on Deutsche Boerse and HQLAX’s DLT-enabled security lending platform.

Deutsche Boerse’s DLT Security Lending Platform Sees First Transactions

Adrian Zmudzinski

2019-12-03T14:45:00+00:00

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U.S. financial services giant BNY Mellon has joined R3’s blockchain trade finance network, the Marco Polo Network.

BNY Mellon Officially Joins Blockchain-Based Marco Polo Network

2019-11-26T16:22:00+00:00

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Hodler’s Digest

Binance and Bithumb deny their Shanghai offices have been raided by Chinese police, and Bitcoin completely wipes out the gains from its October rally.

Binance Denies Police Raid, Bitcoin Wipeout, Facebook ‘Stupid’: Hodler’s Digest, Nov. 18–24

2019-11-24T20:26:00+00:00

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Oman Oil and Orpic Group and HSBC Bank Oman SAOG have conducted the country’s first blockchain-based trade finance transaction.

Oman Sees First Trade Finance Transaction on Blockchain

2019-11-23T18:54:00+00:00

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CEO of blockchain firm R3, David Rutter, has ridiculed the way Facebook introduced its yet-to-be-released Libra stablecoin.

R3 CEO: Facebook’s Announcement of Libra Was ‘Ridiculously Stupid’

2019-11-22T02:47:00+00:00

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The Hong Kong Monetary Authority has revealed it will publish its research into applications for a central bank digital currency by Q1 2020.

Hong Kong Steps Up Research Into Central Bank Digital Currency

2019-11-07T10:24:00+00:00

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