Korean Financial Firm Joins Blockchain Group R3
Hana Financial Group, a large bank holding company that specializes in a multitude of financial services including banking has now joined the financial blockchain consortium led by R3. Global private blockchain consortium R3 sees its first Korean financial institution join its ranks with the inclusion of South Korea’s Hana Financial Group. In a report by Korea Herald, the financial group revealed its intention to apply blockchain technology into its roster of services including global transactions and security protection. The reason for its foray into distributed ledger technology....
Related News
The Korean financial institution, Hana Financial Group has joined the R3 consortium to include blockchain technology into its operations. Financial institutions across the world have started showing interest in the use of blockchain technology for banking and financial sector. One of the leading companies in the forefront of this new technology adoption is R3. The New York-based fintech startup working on blockchain based fintech solutions has created a group of over 40 international banking institutions to create a custom Ethereum-based cross border blockchain solutions for them. This....
Blockchain data analytics firm Chainalysis has revealed that U.S. authorities have seized cryptocurrency worth $30 million from North Korean hackers. “This marks the first time ever that cryptocurrency stolen by a North Korean hacking group has been seized, and we’re confident it won’t be the last,” the firm’s director of investigations said.
$30 Million in Seized Crypto Linked to North Korea
Erin Plante, a senior director of investigations at blockchain data analytics firm Chainalysis, revealed Thursday at the Axiecon event that authorities....
Bitcoin services company Coinplug has snatched the top prize in a financial technology competition sponsored by major banking group JB Financial Group. Over 100 companies vied for a total prize pool of 130m Korean won ($116,200) at the FinTech Frontiers Fair held in Seoul, South Korea. JB Financial Group is a financial services company with over 35.5 trillion Korean won ($32.3bn) in assets and 3,300 employees. It is one of the leading innovators of financial technology in East Asia. Coinplug's winning entry, which scored 50m KRW ($45,500), was a system utilizing the bitcoin blockchain to....
Amid growing interest in blockchain technology among the world's biggest banks, a major Chinese financial firm has inked a new partnership with startup R3CEV. Ping An Insurance Group, with total assets in excess of $765b, is China's first financial firm to join the group, according to the statement. Ping An has a number of business arms, working in the insurance, banking and personal finance sectors. David Rutter, CEO and founder of R3, said in a statement: "The addition of Ping An is another important milestone for R3 as we develop our member network to represent the interests of....
New York-based R3, the blockchain startup heading the prominent private banking blockchain consortium has now added Hong Kong-based life insurance group AIA. Blockchain startup R3 is continuing its foray to recruit Asian financial institutions with the addition of AIA Group, a Hong Kong-based life insurance group to its roster of global members. The AIA Group, the largest publicly listed independent pan-Asian life insurance group will collaborate with 50 of the world’s largest financial institutions, including banks, to develop blockchain-based commercial applications for the financial....