The Singapore Fintech Association and R3 have entered a partnership to provide startups in the SFA network with access to R3’s Corda blockchain.
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.
The Linux Foundation has launched the ToIP Foundation, a new cross-industry coalition that aims to provide a trusted exchange of data over the internet.6615
No central bank is currently working on a CBDC that can be used by consumers, according to blockchain firm R3.7282
Nasdaq is partnering with the blockchain solution provider R3 to build institution-grade digital assets and marketplaces.4287
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.3910
Experts weigh in on how blockchain ID can restore self-sovereign identity both online and in the physical world.8544
Flagship global airline KLM Royal Dutch Airlines is using blockchain to facilitate intercompany settlements process with its subsidiaries.2338
Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency project for cross-border payments.4234
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.5453
Multinational IT services giant Tata Consultancy Services launched the Quartz DevKit, which the firm claims can build blockchain apps 40% faster.7865
The Marco Polo Network, a trade finance network co-developed by major blockchain firm R3, has completed its largest finance trial to date.2294
CULedger, a blockchain consortium and credit union service organization, has successfully completed a pilot project together with three American credit unions.1926
Commerzbank, Credit Suisse and UBS carried out the first transactions on Deutsche Boerse and HQLAX’s DLT-enabled security lending platform.2732
U.S. financial services giant BNY Mellon has joined R3’s blockchain trade finance network, the Marco Polo Network.3429
Binance and Bithumb deny their Shanghai offices have been raided by Chinese police, and Bitcoin completely wipes out the gains from its October rally.10344