Blockchain Consortium R3 Opens New Round of Partnerships
Blockchain consortium startup R3CEV is now accepting applications for new partners as part of a second round of engagements. Launched in 2015, R3 has so far formed relationships with 43 major banks, with its initial round comprising 42 partners. This includes Banco Santander, JPMorgan, and most recently, Japan’s SBI Holdings, which became the first of the new round to announce it had joined earlier this week. The startup had previously indicated its “initial window” for partnerships had closed in December, but in an interview R3 managing director Charley Cooper reported that the second....
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The startup at the heart of a healthcare-focused blockchain consortium has raised $1.85m. The funding round for Hashed Health was led by Martin Ventures, an existing investor. Blockchain VC firm Fenbushi Capital, along with a group of private investors and relatives of the management team, also took part in the round. In statements, Hashed Health’s backers positioned the new funding as a way for the consortium to advance its work. Charles Martin, chairman and founder of Martin Ventures, said of the round: “The healthcare industry must be drastically reformed in order to address problems....
The R3 blockchain consortium continues to attract attention in the financial world, as they have welcomed their first Chinese member in the form of Ping An Group. This partnership has nothing to do with the consortium seeking US$200m in additional funding, though. In a rather surprising turn of events, the R3 blockchain consortium added its first Chinese....
The R3 consortium, an association established by a group of leading banks including JPMorgan, Wells Fargo and Barclays, has recruited mass media and information firm Thomson Reuters to expand its operations into the market data business. Over the past two years, the R3 consortium’s banks have collaborated with each other to exploit the application of the blockchain technology in the finance industry. The consortium secured strategic partnerships with blockchain-based service providers including Microsoft Azure, which offers Ethereum-based cloud services that are being used as the backbone....
The founder and CEO of blockchain banking consortium R3CEV says the firm is on the verge of closing the industry's largest-ever funding round. Originally reported to be as high as a $200m, the downsized $150m round would still give the consortium of global banking members a significant war chest, if it closes at that level. In conversation with CoinDesk, CEO David Rutter elaborated on how his company has grown, and changed, as part what he described as an imminent cash infusion. Rutter said: "We will be closing the largest round in the industry, with the largest number of market....
Considering how Microsoft has partnered with various local banks in the past, it seems logical they will become part of the consortium. Blockchain technology is destined to make a significant impact all over the world. Up until this point, very few projects were conducted in the Asian part of the world. But fintech is slowly transforming the financial services industry, and Asian countries don’t want to be left out. Microsoft and Amis announced Asia’s first blockchain consortium this morning, which will put DLT on the map in that region. Ever since Microsoft ventured into the....