40 Banks Trial Commercial Paper Trading in Latest R3 Blockchain Test
A consortium of financial institutions led by startup R3CEV has completed a trial of five different blockchain solutions. The blockchain concepts tests were presented by Eris Industries, Ethereum, IBM, Intel and Chain, according to reports by Reuters and The Wall Street Journal. Preparations began early last month, culminating with the test during the last two weeks of February. Forty banks took part, drawn from the collection of banks that have thrown their support behind the R3-led consortium. A number of those banks have launched trials of their own in addition to the work conducted as....
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After revealing an impressive string of big bank partnerships toward the end of 2015, blockchain consortium startup R3CEV spent the beginning of this year opening up to the public about its research and development efforts. First came a test involving next-generation blockchain platform Ethereum in January. However, its biggest show of force came on 3rd March, when it revealed it had conducted a trial that found 40 of its 42 banking partners testing five blockchain technologies in a collaboration distinguished by its size and scope. While the trial itself was centered on commercial paper....
The People’s Bank of China (PBOC) has completed a trial run of digital currency based on blockchain technology. According to a recent report from Chinese publishing giant Caixin, the central bank completed a trial that saw transactions settled with its own digital currency. Developed by the PBOC, the digital currency was tested on a blockchain and the trial was completed in mid-December 2016. The trial took place on shared distributed ledger that saw several major commercial banks as participants. The world’s largest bank by assets, the Industrial and Commercial Bank of China along with....
Last week Bitcoin Magazine reported that 11 member banks of the R3 consortium, a collaborative group of the world’s largest and most influential banks and financial institutions, participated in a pilot test of the Ethereum-based blockchain network. The banks connected on an R3-managed private peer-to-peer distributed ledger, powered by Ethereum technology and hosted on a virtual private network in the Microsoft Azure Blockchain as a Service (BaaS) cloud, to execute simulated financial transactions instantaneously. R3 is expanding its comparative evaluation project to include other banks,....
China's central bank has reportedly tested a blockchain-based digital currency. According to a report by Caixin yesterday, the People's Bank of China (PBOC) completed a trial on 15th December in which it demoed how transactions and settlements might take place via a custom distributed ledger system. The test was reportedly held in conjunction with major domestic commercial banks including Industrial and Commercial Bank of China (ICBC), Bank of China and WeBank. The report reads: "The bank suggested the digital currency would not only reduce circulation costs but also increase....
O3 Swap, O3’s latest cross-chain aggregation protocol is open for trial testing and we are excited to invite you to test it! The current O3 Swap trial modules include Swap and Hub where users can freely trade major assets on heterogeneous chains like ETH, BSC, Neo, and HECO by connecting digital wallets like O3 Wallet […]