Tag: R3CEV

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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Chinese Financial Giant Ping An Group Joins R3 Blockchain Consortium

One of China’s largest financial firms, Ping An Insurance Company of China, has joined the R3CEV blockchain consortium. Based in Shenzhen, the Chinese financial giant is the 12th largest financial services company in the world, with annual revenues for 2015 coming in at 619.99 billion Yuan. According to LeapRate, Ping An is the largest publicly traded financials services firm in China and has assets valued at more than $765 billion. …
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R3 Member Banks Test Securities Trading on 5 Different Blockchain Platforms

The biggest fintech consortium in the world R3CEV, announced today the successful completion of an extensive trial of various blockchain systems in the trading of short-term fixed income securities. Fourty financial institutions interfaced with private R3 blockchain systems that were built on top of five different distributed ledger protocols: Chain, Eris Industries, Ethereum, IBM and Intel. The trial allowed banks to experiment with the issuance, trading and redemption of commercial …
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Huge Variation in Bitcoin Jobs Showcases Ecosystem Strength

There is no better time than now to land a job in the world of Bitcoin and digital currency, as the number of job openings keeps increasing month over month. Taking a look at the recent job listings posted on the Coinscrum website, developers are still sought after the most, but there are plenty of other skills that are of high value to the Bitcoin world. Also read: Bitcoin Is …
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