Barclays Introduces Corda Based Smart Contracts at Demo Day
Barclays recently exhibited Corda based smart contract for trading during the Barclays Accelerator demo day held at the O2 Center. Blockchain technology has a lot to offer to the fintech industry. Many fintech companies have been exploring the use of bitcoin’s underlying technology in mainstream banking and financial operations. Some of the leading International banking and financial institutions have already joined the R3 banking consortium to advance their aspirations. As the number of companies in the list grows, some of them are also independently working on finding other fintech....
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At an event in London today to celebrate the graduation of its new startup accelerator class, Barclays demonstrated a smart contract platform built on Corda, the recently unveiled distributed ledger project from global banking consortium R3. Calling the demo "history in the making", Dr Lee Braine of the Investment Bank CTO Office at Barclays said distributed ledgers constitute an "elegant way" to solve issues with legal agreements in the financial sector, a problem that has been labeled a point of focus for the Corda project by its creators. According to....
A Barclays team has demonstrated a derivative trade using Corda, a distributed ledger platform. What challenges does Corda have to overcome before becoming the future of derivative contracts? R3 is a consortium partnership of over 40 of the world's leading banks, working on advanced distributed ledger technologies for the global financial markets. In early April 2016, R3 revealed the distributed ledger platform for financial services – Corda. Corda has been designed to manage financial agreements between regulated financial institutions. Key features of Corda include no unnecessary global....
UK banking giant Barclays took another step toward positioning itself at the forefront of innovators in the blockchain sector last week with the news it had become the first to trial Corda, a new distributed ledger platform from partner R3CEV. The prototype, demoed at the Barclays Accelerator in London last week, follows a particularly active period for Barclays, which earlier this month revealed it would provide banking services to blockchain payments startup Circle, and earlier this year, participated in a test of a private version of the Ethereum blockchain with 11 R3 member banks. In....
Eleven companies showcased their innovative fintech propositions at the Barclays Accelerator demo day in New York. Eight of these companies have already signed contracts with the bank. The demo day followed 13 weeks of intensive networking, mentoring and development. The Barclays Accelerator program, offered in partnership with the Techstars global networks, includes mentorship and opportunities for financial technology startups to access industry experts, influencers and potential clients. The program covers all areas of fintech, from cybersecurity and artificial intelligence to wealth....
Safello, a bitcoin spending platform based in Stockholm, Sweden, has signed a proof of concept (PoC) with Barclays to explore how the financial services sector can harness block chain technologies. The agreement marks one of the highlights of the Barclays Accelerator Demo Day in London. It also marks first PoC that a U. K. high street bank has announced with a bitcoin company. Safello has already enrolled more than 20,000 users in Europe. Safello is among 10 businesses that showcased their innovative Fintech propositions at a Demo Day in London, as the second cohort of the Barclays....