Tag: R3

Major Finance Trial on R3’s Corda is Completed Successfully

Companies such as R3 are leveraging blockchain technology in the finance industry. Its latest trial seemingly resulted in completing the largest open-account finance trial on the Corda platform.  It has been a while since R3’s Corda platform generated any real headlines.  R3 and Corda Complete a Major Trial Despite that aspect, a lot of development has gone on behind the scenes. The company has also been working on a new …
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Major Blockchain Consortium R3 Sues Ripple

R3 Holdco LLC – the operating company behind leading US-based blockchain consortium R3CEV – is suing Ripple. Ripple is the development company of the fourth-largest blockchain network in the world with a US$8 billion market cap. The lawsuit has been filed over R3’s previous agreement to purchase Ripple’s native token XRP at a fixed rate over a specified period of time. Ripple Is Being Sued According to the lawsuit filed by R3, they and Ripple …
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R3 Appears to Admit Defeat, Stops Blockchain Development

R3CEV, the largest blockchain consortium of banks and technology firms includng multi-billion dollar institutions such as Barclays, Credit Suisse, Bank of America, Citibank and HSBC, has seemingly admitted defeat and moved on from blockchain technology development. Over the past two years, various consortia and bank-funded blockchain startups raised billions of dollars to utilize blockchain technology in optimizing the global financial network. The vast majority of developers of actual cryptographic and open …
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Calypso Teams Up With R3 To Create DLT Trade Confirmation Platform

The R3 blockchain consortium came under fire last week, due to a rather surprising amount of member departures. Despite all of the negative attention, there are positive developments to take note of as well. A new partnership with Calypso Technology will see the consortium develop a multi-party trade confirmation system. Underpinning this project will be the Corda blockchain, which will be open sourced in a few weeks. R3 And Calypso …
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