R3 Rebuts Claims Blockchain Research Was Money Wasted

R3 Rebuts Claims Blockchain Research Was Money Wasted

The managing director of “Blockchain-inspired” startup R3 CEV has hit back at criticism it spent millions of dollars on research into Blockchain technology it would never use. In a recent presentation on its Corda platform uploaded to Twitter last week, R3 stated it would not be creating a Blockchain “because it didn’t need one.” The update attracted widespread ridicule from cryptocurrency circles, with commentators accusing the startup of wasting its own money. Vaultoro​ In comments emailed to Cointelegraph, R3 Managing Director Charley Cooper sought to reiterate that the startup had....


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