Tagged: corda

March 14, 2020 @ 11:37 am By JD Alois  |  

R3 an enterprise blockchain platform that has developed “Corda” and was founded with the support of multiple financial services firms, has hired Dorothy Copeland, as Global Head of Partner Ecosystem & Alliances. Copeland previously worked at both Amazon Web Services (AWS) and IBM. While at… Read More

February 5, 2020 @ 2:48 pm By Omar Faridi  |  

Blockchain-enabled supply chain and trade finance firm Envoy Group is reportedly planning to expand its operations beyond Latin America. This, after recently acquiring $13 million in funding from Alcedo Digital Ventures. Developed on R3’s Corda platform, Envoy aims to enhance the existing $17 trillion annual… Read More

November 24, 2019 @ 10:42 am By Omar Faridi  |  

Oman Oil and Orpic Group and HSBC Bank Oman SAOG have reportedly performed the first blockchain-based trade finance transaction in the Middle Eastern nation using R3’s Corda technology. According to a November 23 report from Oman Observer, Oman Oil and Orpic Group, the country’s largest… Read More

November 20, 2019 @ 2:38 am By JD Alois  |  

Digital Securities Swisscom, Deutsche Börse and three other partners have successfully settled a securities transaction using tokenized shares via distributed ledger technology (DLT). Three banking partners participated in the digital asset transaction; Falcon Private Bank, Vontobel and Zürcher Kantonalbank. According to Swisscom, the proof of… Read More

November 20, 2019 @ 1:00 am By JD Alois  |  

Wethaq Capital has announced that it has issued the first pilot Sukuk on its securities market platform for the Islamic capital markets under the supervision of the Dubai Financial Services Authority (DFSA). Wethaq is operating under an innovation testing license issued by the DFSA. Mohammed… Read More

October 29, 2019 @ 1:22 am By Cali Haan  |  

Accenture (NYSE:ACN), SAP SE (NYSE:SAP) and R3 are working to build a real-time gross-settlement system to handle large payments between banks and other parties. In standard real-time gross settlement (RTGS) systems, electronic fund transfers are immediate. RTGS is often used for high-value transactions that must… Read More

October 19, 2019 @ 3:21 pm By Omar Faridi  |  

London-based Archax, an institutional digital securities exchange, announced on October 18 that it had teamed up with enterprise blockchain developer R3. The partnership between the two companies involves using R3’s Corda Enterprise software to manage post-trade activities on Archax’s platform. Archax provides a globally accessible… Read More

October 13, 2019 @ 10:37 am By Omar Faridi  |  

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

October 1, 2019 @ 11:53 am By JD Alois  |  

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

September 12, 2019 @ 2:59 pm By JD Alois  |  

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

September 4, 2019 @ 8:30 am By JD Alois  |  

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

August 23, 2019 @ 6:45 am By Cali Haan  |  

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

May 8, 2019 @ 9:49 am By JD Alois  |  

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

October 18, 2018 @ 8:19 am By JD Alois  |  

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

October 1, 2018 @ 10:59 am By JD Alois  |  

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

August 24, 2018 @ 4:23 pm By Cali Haan  |  

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

June 26, 2018 @ 9:30 am By Samantha Hurst  |  

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

June 12, 2018 @ 6:46 am By Cali Haan  |  

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

May 14, 2018 @ 9:29 am By Samantha Hurst  |  

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

March 28, 2018 @ 8:08 am By JD Alois  |  

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