Tagged: corda

Blockchain-based Trade Finance Platform Marco Polo Is Testing Its First Trade Deal Between Russia and Germany

Marco Polo, a trade finance blockchain that has partnered over 20 banks, is testing its first trade deal between Germany and Russia. The company’s pilot was announced on October 11.  Russian’s Alfa-Bank and Novolipetsk Steel Company (NLMK) will take part in the pilot. Germany’s Commerzbank… Read More

Insurtech TrustLayer Exits Stealth Mode, Provides Insurance Verification Using Distributed Ledger Technology

Insurtech TrustLayer has exited stealth mode, according to a company release. TrustLayer provides an automated insurance verification platform using distributed ledger technology (DLT). The enterprise blockchain app will provide real-time updates on the R3 Corda distributed ledger ecosystem Simultaneously, TrustLayer announced a partnership with residential… Read More

Mastercard to Offer Blockchain based Payments in Partnership with R3 Using Corda, Crypto Industry Provides Comments

Mastercard (NYSE: MA) has announced a new partnership with R3 to use their Corda platform to power blockchain-based cross border payments. Corda is a permissioned blockchain that has the support of multiple financial services firms and has been experiencing additional traction. The partnership is said… Read More

Blockchain Based Letter of Credit Processed by HSBC on Voltron Trade Finance Platform

HSBC has processed a Yuan-denominated letter of credit using the Voltron platform. According to a report in Reuters, this is the first transaction of its type to use Yuan and the first to utilize the Voltron platform. Voltron explains their application as follows: “[Voltron] will… Read More

Engineers Bristling at R3, Some Claiming Corda Blockchain Unscalable

A dozen engineers who work or have worked for “blockchain” consortium R3 are contributing to a group chat critical of the company, The Block reports: “(T)he aforementioned group chat documents complaints ranging from R3’s so-called ‘poor’ company culture and concerns over its core, pay-to-use DLT… Read More

Project Inthanon: Bank of Thailand Pushes Forward with Central Bank Digital Currency

The Bank of Thailand is moving forward with developing a Central Bank Digital Currency (CBDC). The initiative labeled Project Inthanon, has developed a prototype CBDC in partnership with R3 and Wipro (NYSE: WIT). The Bank of Thailand is also working with eight commercial banks in… Read More

NatWest Launches Blockchain based Syndicated Loan Market to Address £3.5 Trillion Global Market

NatWest has announced the launch of a syndicated loan market built on blockchain. The goal is to “dramatically transform and streamline the global syndicated loans market.” NatWest partnered with Fusion LenderComm, a platform built by Finastra. The new platform will go-live in November. NatWest notes… Read More

UK: HM Land Registry is Investing Usage of Blockchain Using R3’s Corda

A note today from HM Land Registry indicates the government agency is investigating the use of blockchain for managing lan registration and the overall buying and selling process of property. More specifically, the agency is working with “Methods” a company that utilizes R3’s blockchain Corda…. Read More

Thai Central Bank Trialing R3 Distributed Ledger Among Mixed Reports of Enterprise DLT Performance, May Issue CBDC

Thailand’s central bank, the Bank of Thailand (BOT), has announced it is trialing a version of R3’s distributed ledger system, Corda, as a means of making wholesale funds transfers more efficient. R3’s distributed ledger will also be used by the BOT to issue a wholesale Central… Read More

Luxoft Update: Forms Partnership With R3 & Now Set to Lead Integration of Identity Management Applications on Corda

Luxoft Holding, Inc (NYSE: LXFT), a global IT service provider, announced on Tuesday it has formed a partnership with blockchain software firm, R3. The company also reported it will leading the integration of identity management applications on Corda, which is R3’s open source blockchain platform…. Read More

On Again, Off Again Blockchain Firm R3 Running Out of Money, Former Staff Claim

Enterprise blockchain developer R3 is running out of money, sources to Fortune magazine say.   R3 began as a startup in 2014, and tasked itself with creating blockchain products for banks and finance firms. It is considered to be one of Ripple’s main competitors. Blockchain… Read More

HSBC Singapore Joins Forces With ING & Cargill to Conduct Live Commercial Trade Finance Transaction on R3’s Blockchain Platform Corda

HSBC Singapore announced on Monday it was joining forces with ING and agrifood group Cargill to conduct what it claims to be the first live, commercial trade finance transaction on R3’s blockchain platform, Corda.  According to HSBC Singapore, the blockchain transaction involved a bulk shipment of… Read More

Deutsche Börse Group & HQLAX Commit to Building Securities Lending Platform Using R3 Corda Blockchain

Deutsche Börse Group and HQLAX have signed a Letter of Intent to partner on the creation of a securities lending platrorm using the R3 Corda Blockchain platform. R3 is Blockchain platform working with a network of more than 200 banks, financial institutions, and more to develop… Read More

R3 Partners with Evernym on Identity Management for Financial Services

R3, a bespoke distributed ledger technology (DLT) provider that is working with over 100 financial institutions,  has formed a partnership with Evernym to apply self-sovereign identity to financial services. R3 seeks to create a standardized financial service focused DLT. R3 was the genesis of frustration amongst banks… Read More

Twitter Brawl: R3 Takes Some Heat on Whether it is Blockchain. Or Not.

This is kind of interesting. R3, the big bank funded distributed ledger technology initiative, has been in a bit of a dust up as it “repositions” its services. The controversy is not anything new but things continue to simmer a bit as there is an… Read More

Thomson Reuters Launches Blockchain Based Service for Delivering Market Data

It was announced recently that Thomson Reuters is set to launch its blockchain-based service, BlockOne IQ, which will provide its clients with fast and secure financial market data. Wall Street firms will be able to connect to market data through the blockchain network and be… Read More

R3 Secures World’s Largest Distributed Ledger Investment with $107 Million

R3, the head of the world’s largest consortium of financial institutions collaborating to build a platform and commercial applications for distributed ledger technologies, announced it had secured $107 million in funding as part of its Series A round. The figure is the largest investment in distributed… Read More

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