8 R3 Banks Test Intel Blockchain Platform
A group of eight R3 member-banks have successfully tested a blockchain prototype that simulated the exchange of US Treasury bonds. Though a familiar use case for the tech, the test is notable given that it used technology developed by Intel and unveiled earlier this year. Called 'Sawtooth Lake', the platform offers a compelling take on how secure hardware could play a role in distributed ledger architecture. Intel vice president Jerry Bautista said in a statement: "We believe collaborative exploration of blockchain usages is key to the development of this emerging technology."....
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A group of 8 banks from the R3 blockchain consortium have successfully tested a blockchain prototype developed by Intel by simulating bond transactions. Picking US treasury bonds as the instrument, New York-based private blockchain startup R3 and eight of its member banks from its larger consortium put to test a technology developed by Intel, called ‘Sawtooth Lake.’ The prototype was an implementation of said technology, which is Intel’s proprietary blockchain platform. The simulation took place on a ledger supported by physical nodes that were non-cloud-based, as specified by R3. The....
A consortium of financial institutions led by startup R3CEV has completed a trial of five different blockchain solutions. The blockchain concepts tests were presented by Eris Industries, Ethereum, IBM, Intel and Chain, according to reports by Reuters and The Wall Street Journal. Preparations began early last month, culminating with the test during the last two weeks of February. Forty banks took part, drawn from the collection of banks that have thrown their support behind the R3-led consortium. A number of those banks have launched trials of their own in addition to the work conducted as....
R3 CEV has announced that over 40 of the world’s biggest banks have recently experimented with five blockchain pilots that tested smart contracts and arbitrary business commands. Technology groups from these legacy banks considered these various distributed ledgers after viewing a previous test with the Ethereum blockchain connecting 11 lenders on the....
Computer chip manufacturer Intel Corp. has revealed it holds a stake in the leading U.S. cryptocurrency exchange, Coinbase. The tech giant purchased the shares worth almost $800,000 after the digital asset trading platform went public earlier this year. Intel Acquires Shares of Crypto Exchange Coinbase Intel has disclosed it owns Coinbase stock in a quarterly report submitted to the U.S. Securities and Exchanges Commission (SEC) on Friday. The Santa Clara, California-based technology company bought the stake following the listing of the cryptocurrency exchange this spring. According to....
A number of Japanese banks are reportedly set to test domestic fund transfers using digital currencies over a blockchain as a low-cost alternative to traditional money transfers. According to a Thursday report by Nikkei, Japan’s most prominent financial publication, a handful of major Japanese banks will perform tests to determine if a digital currency powered blockchain platform could prove a viable alternative for the current national payments clearing platform ‘Zengin’. Operated by the Japanese Bankers Association, the Zengin System powers domestic money transfers in Japan. The....