Blockchain Consortium R3 Now Has 42 Members
The blockchain consortium R3CEV LLC has added 12 more banks, taking the total to 42. The group of blockchain advocates is also a part of The Open Ledger Project being led by IBM, which aims to create its own blockchain. According to the official press release, the next round of engagement will commence in January 2016 and focus on non-bank financial institutions, including post-trade organizations that settle transactions. Clearing houses and exchanges are good examples. The initiative is now aiming to extend reach to the broader financial services community. The recently added banks are....
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Goldman Sachs is moving out of the R3 blockchain consortium as it failed to renew its membership in the fintech group. The R3 blockchain consortium is losing one of its key founding members. As reported, banking giant Goldman Sachs is walking away from the collaboration after failing to renew its membership last month. The investment bank was one of the nine original founding members of the consortium; its separation from an otherwise active development project signals its changing perspectives towards the project’s future. It is, however, not clear whether other banks have the similar....
It appears the R3 blockchain consortium has bitten off a lot more than it can chew. Or to be more precise, they are tackling this whole concept from the wrong angle. It appears a full-fledged exodus is taking place where the R3 blockchain consortium is concerned. After the departure of one of its founding members, a total of six more banks are looking not to renew their membership. Given the sheer size of the consortium, this is not entirely surprising. However, it is also a telling sign of how there is dismay between the members and those “in charge” of the project. Among the next batch....
Apparently, the competition in the Blockchain business industry is heating up. Goldman Sachs, one of the original members of R3 Consortium, and Banco Santander announced that they will no longer continue exploring the potential of Blockchain technology as members of the consortium. Reasons for the firm’s decision to discontinue their connections with R3 Consortium remain unclear, as well as whether these decisions are somehow connected. Kristian Gårder, a representative from Nordic R3 member SEB, says: “Members will obviously worry if some R3 members seek patents that we have discussed....
A blockchain-focused consortium in Japan has quietly grown its membership to more than 100 companies. Membership within the the Blockchain Collaborative Consortium (BCCC) has expanded since the effort first launched in April. BCCC members include Japan Microsoft, Mitsui Sumotomo Insurance, PwC, Bitbank and ConsenSys, among others. The group also announced that the 100th student from its Blockchain University project had successfully graduated – a sign that the BCC's previously declared plans to boost knowledge about the tech are bearing fruit. In a blog post published today, Pina Hirano,....
A new blockchain consortium has been formed in South Korea, with both established finance firms and technology startups on its membership roster. According to one of the group's members – blockchain startup The Loop – the new initiative will focus some of its efforts on building tools for managing trade finance processes. The firm said in a statement: “Beyond providing [the] blockchain-based authentication and information sharing system, we collaborate with other technology providers on developing a prototype for financial services in areas of securities trade and post trade, the prototype....