Ripple/XRP: r3 launches Corda Network with “Corda Network Foundation”, a new not-for-profit organization

The most awaited news about the enterprise blockchain software firm r3 confirms that the Corda Network [CN] is up and running. The Corda Network will be governed by an independent ‘not-for-profit’ organization called the “Corda Network Foundation”. The news about r3’s Corda settler going live was something that the XRP community and fans were waiting…

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Blockchain Firm R3, Japan’s SBI Holdings To Establsih Joint Venture Next Year

Japanese financial services giant SBI Holdings is partnering with New York-based enterprise blockchain software firm R3 to establish a joint venture in January 2019. Japanese news outlet Nikkei reported that SBI Group is expanding its partnership with R3 to create a joint venture that would promote the use of R3’s Corda blockchain. The partnership would…

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XRP selected as first settlement mechanism by r3 for Corda Settler; wild adoption ahead?

r3, a blockchain solution firm for businesses, today launched a universal settler application on Corda to facilitate global payments. Corda is an open-source blockchain firm that is working on spreading digital currencies across the global financial system. XRP, the native digital asset of the leading Fintech firm, Ripple, has been chosen for the first settlement…

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Thai Lending Platform JFin Coin Partners with R3 and Microsoft

J Ventures, which held one of the first initial coin offerings (ICOs) in Thailand earlier this year, announced a partnership with R3 and Microsoft to support its peer-to-peer lending system. The news indicates that R3’s “DLT Not Crypto” strategy may be evolving. Also see: Novogratz, Goldman Sachs Drop Millions on Crypto Custodians BitGo R3 and…

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DTCC Test Shows Blockchain Can Support 100m Trades Per Day

The Depository Trust & Clearing Corporation (DTCC), a post-trade market infrastructure provider for the financial services industry, announced the results of a benchmark study on Wednesday which demonstrated for the first time ever that distributed ledger technology (DLT) is capable of supporting average daily trading volumes in the US equity market of more than 100…

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Scalability Study: DLT Can Support Daily Trading Volume of US Equity Market

A recent study by the Depository Trust & Clearing Corporation (DTCC), a post-trade financial services firm, has found that distributed ledger technology (DLT) is scalable enough to support daily trade volumes of the U.S. equity market, according to a press release published Oct. 16. The blockchain scaling problem is growing along with the increasing popularity…

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ConsenSys Invests $6.5M in Fintech Firm DrumG Technologies

DrumG Technologies, a fintech firm that leverages distributed ledger technology, raised $6.5 million from ConsenSys in Series A funding. Fintech startup DrumG Technologies announced on Monday that it had secured $6.5 million in a Series A minority investment round from ConsenSys, a New York-based blockchain software developer. According to the deal, ConsenSys founder and CEO…

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Gemalto And R3 To Develop Digital Identity Platform

Gemalto and R3 teamed up to create a self-sovereign identity platform. We explain why that matters. According to a September 18 press release, digital security firm Gemalto and blockchain solutions firm R3 have combined forces to create a self-sovereign digital ID called the Trust ID Network, to be stored on the R3 Corda blockchain. The…

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Blockchain Digital Identity Solution Developed By Gemalto And R3

Digital security company Gemalto, in collaboration with enterprise software firm R3, has developed a new blockchain digital identity solution. Gemalto is an international digital security company providing software applications, secure personal devices such as smart cards and tokens, and managed services. The company’s technologies and services enable businesses and governments to authenticate identities and protect…

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Microsoft Is Slowly (But Surely) Connecting Blockchain to Main Products

Three years ago, Microsoft Azure was the first to bring blockchain to the cloud. Now it’s connecting the technology to just about everything else. The software giant has quietly been building bridges between its blockchain services and other, widely used infrastructure and platforms, such as Office 365 Outlook, SharePoint Online, Salesforce, Dynamics 365 CRM Online, SAP,…

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Bank Of Thailand To Develop Central Bank Digital Currency Prototype

The BoT hopes the knowledge gained from developing the prototype will aid it in future blockchain-related endeavors. The Bank of Thailand (BoT), in partnership with R3 and eight participating financial institutions, is set to lead development on a proof-of-concept prototype for wholesale funds transfer by issuing a wholesale central bank digital currency (CBDC), according to…

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Canada’s Large Credit Union Coalition Joins Blockchain Consortium R3

The Large Credit Union Coalition (LCUC), a group comprising of the chief information officers (CIOs) of the 16 largest credit unions in Canada, has joined New York-based blockchain consortium R3, according to an announcement published July 17. The LCUC, whose corporate members include more than 3 million entities and represent over $125 billion in assets,…

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R3’s Corda Enterprise Has A ‘Blockchain Firewall’

One month after reports surfaced that R3 was running out of money, the startup has launched Corda Enterprise, which it says includes a “unique Blockchain Application Firewall for businesses.” On July 10, 2018, R3 announced the launch of Corda Enterprise, a commercial version of Corda, the company’s open-source blockchain, which has been around since 2016….

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R3 Launches Corda Enterprise With First-Ever 'Blockchain Firewall'

More than a year in the making, Corda Enterprise has arrived. Announced Tuesday, blockchain startup R3 has released a paid version of its signature open-source Corda blockchain technology, one that offers added features aimed at regulated institutions including 24/7 support, disaster recovery and more. The big reveal comes just over 13 months after R3 raised…

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ING, BNP Paribas, Deutsche Bank, Others Test KYC App on R3’s Corda Network

Several major banks are among the 39 companies that have tested R3’s blockchain platform Corda for a KYC application during a four-day pilot. by Anatol Antonovici, 57 mins ago Subscribe Blockchain software developer R3 announced on Thursday that 39 companies had tested a Know Your Customer (KYC) application built on its Corda platform. During the…

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Banks Are Trying to Launch Crypto Assets with R3 Blockchain Tech

It may have seemed unthinkable four years ago, but crypto tokens might be coming to R3’s Corda. Revealed exclusively to CoinDesk, Cordite, an open-source community that’s independent from R3, but building solely on the code it pioneered, is about to come out of stealth mode. Cordite promises to do for enterprise blockchains what the ERC-20 standard did…

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R3 and Corda Running on Empty Say Ex-Employees

Two R3 former employees revealed that the company might have trouble with money after giants like JPMorgan and Goldman Sachs left its consortium. The company denied the claims. Blockchain startup R3 is struggling and might be out of money by 2019, two former employees told Fortune. On the other hand, the company has recently received…

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Bangkok Bank Joins R3’s Marco Polo Trade Finance Venture

Thailand’s largest lender, Bangkok Bank, has become a member of the Marco Polo trade finance initiative backed by R3 and TradeIX. Bangkok Bank, the largest lender in Thailand and one of the largest in Southeast Asia, has become part of Marco Polo, a trade finance initiative led by blockchain-oriented software developer R3 CEV and trade…

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HSBC, ING Conduct Trade Finance Transaction Using Blockchain

Banking and financial services organization HSBC and Dutch bank ING have conducted their first live trade finance transaction using the blockchain technology. The value of the transaction has not been disclosed. HSBC and Dutch bank ING successfully completed the transaction for US-based agriculture company Cargill. A shipment of soybeans was transported from Argentina to Malaysia,…

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Ripple Sued for Alleged Violations of US Securities Laws

A class action lawsuit has been filed against Ripple Labs, its CEO, and subsidiary. The plaintiff alleges that the defendants have violated the state and federal securities laws, engaging in schemes to raise hundreds of millions of dollars through the sale of unregistered ripple tokens (XRP). Class Action Lawsuit San Diego resident Ryan Coffey has filed…

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