By CCN: “Corda is more like Bitcoin,” says Mike Hearn, lead engineer for Corda, the open source blockchain of the industry consortium R3. “It owes more of its intellectual history to bitcoin than Ethereum in a way. Its’ data model is similar to Bitcoin…
Enterprise blockchain software provider R3 has issued a statement announcing that Corda, its blockchain platform has successfully completed a live commercial paper transaction. In collaboration with Commerzbank, ING, Natixis and Rabobank, the transacti…
R3, the distributed ledger development company which introduced its first enterprise/open source product, Corda, in 2016, has released a new element of that software suite. A “universal settler” called Corda Settler, a “Cordapp” or Corda application, t…
Samsung SDS, the IT subsidiary of Korean giant Samsung, is collaborating with Dutch ‘big three’ bank ABN AMRO for a logistics blockchain pilot tracking the shipment of a container from Korea to the Netherlands. In an announcement on Monday, Samsung SDS…
Global consulting giant Accenture and Digital Ventures, a fintech subsidiary of Thai financial services conglomerate Slam Commercial Bank (SCB) have announced the launch of a jointly developed blockchain solution that makes commercial operations in Tha…
A consortium of Italian banks has successfully completed the initial trial of a blockchain-based system aimed at enhancing interbank operations. Known as the interbank Spunta Project, the 14 banks chose the Corda distributed ledger technology platform …
Enterprise blockchain startup R3 is the latest industry firm to hold high-level discussions about taking its business public. Wall Street-Backed R3 Eyes Public Offering Citing anonymous sources familiar with the matter, Bloomberg reports that the New Y…
Enterprise blockchain startup R3 is not bankrupt, but the high-profile banking consortium founder isn’t entirely out of the woods, either. That’s the takeaway from a new report in Forbes, at least. The publication, which says it was given “unprecedente…
Financial services group HSBC said on Monday it had for the first time utilised blockchain technology to complete a speedy commercial trade finance transaction that normally takes around a week using normal paper-based processing mediums. The transacti…
The R3 consortium has disclosed that it has worked with over 15 of its member banks to complete two distributed ledger technology prototypes. They demonstrate how the technology can address the key challenges facing the $45 billion global trade finance industry. R3 is a financial innovation firm that leads a consortium partnership with over 50 of […]
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The R3 consortium of financial institutions working on a blockchain-based solution to improve the financial services infrastructure has released an update on its initiative, which it calls “Corda.” Since the R3 consortium has continuously drawn more members among major institutions since it began six months ago, it has naturally attracted attention from the fintech and financial communities. The […]
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