Mizuho, Nordea and UniCredit join R3 blockchain consortium taking total to 25
Financial innovation firm R3 continues to draw powerful allies in its blockchain consortium; the latest ones to join it are three banks namely Mizuho Financial Group, Nordea and UniCredit. Blockchain is the technology behind virtual currency Bitcoin and it continues to draw powerful admirers. All have joined this consortium to design and apply the distributed ledger technology, blockchain, for the global financial markets. Interest in the initiative amongst the international banking community has continued to grow at a rapid pace ever since its launch with the backing ofnine financial....
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Three more banks have announced joining the Distributed Ledger Group (DLG) and R3 Blockchain consortium that include Mizuho Bank, UniCredit and Nordea. What started out as 9 banks has already grown to a total of 25 major financial companies collaborating within the scope of the R3 Consortium. The roster now consists of Barclays, Bank of America, BBVA, BNY Mellon, Commonwealth Bank of Australia, Citi, Commerzbank, Credit Suisse, Deutsche Bank, J.P. Morgan, Goldman Sachs, HSBC, Mitsubishi UFJ Financial Group, Morgan Stanley, Mizuho Financial Group, National Australia Bank, Nordea, State....
Distributed ledger startup R3CEV has gained an additional three banking partners, raising the number of total banks involved to 25. Japan's Mizuho Bank, Nordea Bank - which operates in Northern Europe - and Italian bank UniCredit join the likes of Citi, HSBC, Barclays and Goldman Sachs in R3CEV's blockchain project which sets out to spread the use of the technology across the world's financial markets. David Rutter, R3CEV CEO, said in a statement:
Joining the ranks of the world's biggest investment and financial institutions, three more banks from Asia and Europe have joined the global block chain initiative founded by R3. Block chain, the public distributed ledger and the technology powering bitcoin now has three more backers, or bankers, with Italy's UniCredit, Japan's Mizuho Bank and Sweden's Nordea joining the likes of Citi, Barclays, JPMorgan, Royal Bank of Scotland and HSBC, among others who now add up to a total of 25 banks. The global consortium of financial institutions is now comprised of the majority of the world's....
Nordea, a financial services group in the Nordic and Baltic region, continues its hunt for AI and blockchain breakthroughs. Later this year it is launching its Fintech accelerator in Stockholm and Helsinki. 200 startups applied to join the 3-month program that will be led by Nordea and its partners, including IBM, Tata Consultancy Services and Nestholma Venture Accelerator. Nordea’s accelerator program goal. The main goal of Nordea’s accelerator program is to hunt for developments in both Artificial Intelligence and Blockchain technologies. Presently, only 35 startups have made it through....
The R3 consortium has disclosed that it has worked with over 15 of its member banks to complete two distributed ledger technology prototypes. They demonstrate how the technology can address the key challenges facing the $45 billion global trade finance industry. R3 is a financial innovation firm that leads a consortium partnership with over 50 of the world’s leading financial institutions. These prototypes validate distributed and shared ledger technology as a faster, more reliable, and cost-effective digital alternative for trade financing. Participating banks designed and utilized smart....