R3 Consortium Adds Toyota Financial Services As New Partner
Toyota Financial Services is not your average bank, as the company focuses on automotive financial services. They are also the first player in that particular industry to join the R3 consortium. The R3 Consortium is a collection of several dozen financial institutions all over the world looking to explore blockchain technology. But the group continues to expand, and Toyota Financial Services is their latest member. Merging distributed ledgers with automotive financial services will be quite an interesting experiment. R3 Welcomes Toyota Financial Services. Toyota Financial Services is not....
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Brazilian Banking Giant Banco Bradesco & Toyota Financial Services Join the R3 Blockchain Consortium
Banco Bradesco, one of Brazil’s largest banking and financial services firms has joined the R3-led banking blockchain consortium, R3CEV. So too, has Toyota Financial Services, the financial arm of automotive giant Toyota Motor Corporation. A leading Brazilian bank has joined the banking blockchain consortium led by New York-based R3, an announcement today revealed. Banco Bradesco now becomes the second bank from Brazil, after Itaú Unibanco to join a consortium that counts 50 of the world’s largest banks and financial firms as its members. Itaú is also the largest private sector bank in....
Toyota Financial Services and R3 Consortium have announced the start of their collaboration on research and development of Blockchain applications. Uniting over fifty of the biggest banks and corporations in the world the R3 Consortium seeks how to incorporate Blockchain solutions in the financial and nonfinancial sectors. Applying the Blockchain. When the consortium was first created, it appeared that the world’s banks and financial institutions were the earliest to become fascinated by the technology. No wonder, as the world got to know about the Blockchain primarily because of the....
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....
Arguably, the most talked-about private blockchain consortium around has just had twelve additional banks signing up as members to the R3-led group of global banks looking to tap into and experiment with blockchain technology for securities settlements and payments. New York-based Fintech startup R3 has added 12 more banks as members to its blockchain consortium. The startup also revealed that it is welcoming financial firms that aren't banks such as exchanges, clearing houses, standards bodies and infrastructure companies from Q1 2016. The latest additions to the consortium include: BMO....
Blockchain startup R3CEV has added Hong Kong-based life insurance group AIA to the ranks of its global banking consortium. The announcement comes at a time when R3 is increasing its presence in Asia as well as diversifying its portfolio of participating financial institutions, having added China-based Ping An Insurance Group to its consortium in late May. In statements, R3 CEO David Rutter echoed this sentiment in remarks, seeking to position the move as one that adds new stakeholders to its conversation. In addition to creating in-house technologies, such as the smart contract distributed....