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.

News
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
Ana Alexandre
2020-03-27T00:55:00+00:00
3053
Analysis
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
Joseph Birch
2020-03-23T01:00:00+00:00
5406
News
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
Helen Partz
2020-02-28T11:47:00+00:00
2129
News
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
Helen Partz
2020-01-22T13:39:00+00:00
3887
News
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
Ana Alexandre
2019-12-17T14:33:00+00:00
5379
News
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
7710
News
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
Helen Partz
2019-12-16T12:09:00+00:00
1981
News
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
Marie Huillet
2019-12-16T09:50:00+00:00
1843

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