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R3, CGI and eleven banks develop blockchain-based trade finance app

Trade finance and blockchain

Following a year of development and testing, R3, CGI and eleven banks unveil a prototype of a trade finance app built of R3’s Corda distributed ledger technology (DLT).

R3 brings the Intel to Corda DLT platform

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Enterprise software firm R3 is working with Intel to beef up its data privacy and security for Corda, its distributed ledger technology (DLT) platform. R3, which used to call itself a blockchain consortium, says Corda only sends data to those who have a “need to know”. According to the company, this feature emerged from the […]

R3’s Corda DLT platform tested for euro commercial paper issuance

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Blockchain consortium R3 (which now describes itself as an “enterprise software firm”) and four of its member banks have created a prototype solution for issuance of euro commercial paper (ECP) on R3’s Corda distributed ledger technology (DLT) platform.

R3 powers Japan’s blockchain derivatives prototype

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R3 and four Japanese financial institutions (FIs) have joined forces to use blockchain in a derivatives prototype test. Nomura, Daiwa Securities Group, Mizuho, Sumitomo Mitsui Banking Corporation and R3 have tested a prototype developed using Corda, R3’s distributed ledger technology (DLT) platform based on blockchain, to streamline International Swaps and Derivatives Association (ISDA) Master Agreement […]

DLT not yet delightful for Canada’s payment system plan

Fully digital mortgage now a reality in Canada

The results from phase two of Canada’s plan for a blockchain-powered interbank payment system reveal that it still faces many obstacles. The Bank of Canada, Payments Canada, R3 and seven commercial banks, have disclosed their report from Project Jasper, an experimental wholesale interbank payment system. First launched in 2015, the results so far show that, […]

Top fintech stories this week – 26 May 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

R3 hits jackpot with $107m investment for DLT

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Blockchain consortium R3 has completed the first two of three tranches in its Series A fundraising round, securing $107 million in the “world’s largest distributed ledger technology (DLT) investment to date”. The consortia contest is heating up as this handy cash injection follows on from yesterday’s (22 May) announcement from the Enterprise Ethereum Alliance (EEA) […]

R3 rival Enterprise Ethereum Alliance expands in size

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The Enterprise Ethereum Alliance (EEA) has seen a surge of interest in its plans to drive Ethereum blockchain technology best practices with the arrival of 86 new members. New faces include Broadridge, DTCC, Deloitte, Infosys, ​MUFG, National Bank of Canada, Rabobank and Samsung SDS. As Banking Technology reported in March, Banco Santander, BNY Mellon, Intel, […]

Blockchain and Bitcoin round-up: 19 May 2017

Regulators not keen on blockchain and Bitcoin

It was only two days ago since the last blockchain and Bitcoin round-up, but here’s more news to keep you in the loop. Features Ripple, BitGo, Abu Dhabi Global Market, R3 and Corion. Ripple has enjoyed a good start to the year with ten more financial institutions recently jumping onboard its blockchain network; and deals […]

JP Morgan Chase exits R3 blockchain consortium

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JP Morgan Chase has finally bid farewell to the R3 blockchain consortium as it pursues its own interests. As Banking Technology reported in November, JP Morgan was understood to be in the “leave” camp as it opted out of a fundraising effort for R3. R3 had initially planned to raise $200 million from its members […]

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