Chinese Finance Giant Joins R3 Blockchain Consortium
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....
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