TagR3

R3 Lead Mike Hearn: Corda is More Like Bitcoin Than Ethereum

Mike Hearn, Bitcoin, Etthereum

By CCN: “Corda is more like Bitcoin,” says Mike Hearn, lead engineer for Corda, the open source blockchain of the industry consortium R3. “It owes more of its intellectual history to bitcoin than Ethereum in a way. Its’ data model is similar to Bitcoin, which enables you to have privacy because you don't see transactions on your critical path.” Early Bitcoin adopters knew the risk they were...

Why the R3-SWIFT Partnership is Cranking the Gears of the Ripple (XRP) Rumor Mill

bitcoin trading secrets

SWIFT, the 11,000-member global payments network, has announced a partnership with enterprise blockchain consortium R3, and the news is already being felt in the cryptocurrency market where the rusty gears of the ripple (XRP) rumor mill have begun to turn at a rapid pace. SWIFT Goes Blockchain with R3 Trial According to the announcement, SWIFT and R3 have developed a proof of concept that links...

Corda Blockchain Platform Executes Successful Live Commercial Paper Transaction in Europe

EOS

Enterprise blockchain software provider R3 has issued a statement announcing that Corda, its blockchain platform has successfully completed a live commercial paper transaction. In collaboration with Commerzbank, ING, Natixis and Rabobank, the transaction was carried out on the Euro Debt Solution application which was built on Corda. The transaction is a follow-up to a similar transaction...

Ripple: R3 Corda’s New Settlement Layer Now Supports XRP

ripple xrp

R3, the distributed ledger development company which introduced its first enterprise/open source product, Corda, in 2016, has released a new element of that software suite. A “universal settler” called Corda Settler, a “Cordapp” or Corda application, that aims to allow all the things that modern businesses may require of a blockchain product. It could eventually work as a translator between...

Accenture Launches Commercial R3 Blockchain Solution in Thailand

Global consulting giant Accenture and Digital Ventures, a fintech subsidiary of Thai financial services conglomerate Slam Commercial Bank (SCB) have announced the launch of a jointly developed blockchain solution that makes commercial operations in Thailand more efficient by using R3's open-source Corda blockchain protocol to revamp the process of making and receiving payments and accessing...

14 Italian Banks Complete Interbank Transactions on R3 Blockchain Corda

A consortium of Italian banks has successfully completed the initial trial of a blockchain-based system aimed at enhancing interbank operations. Known as the interbank Spunta Project, the 14 banks chose the Corda distributed ledger technology platform developed by the R3 blockchain consortium. The application was developed by NTT Data Italia while decentralized storage platform Sia provided the...

Ripple, R3 Reach Settlement in Multibillion Dollar Cryptocurrency Lawsuit

SEC Woodbridge Group Ponzi Scheme

Blockchain companies Ripple and R3 have reached an undisclosed settlement on “all outstanding litigation,” putting an end to a legal spat involving a tranche of cryptocurrency tokens once worth as much as $19 billion. In a brief statement published on Monday, the San Francisco-based Ripple announced the settlement, stating that the terms would remain confidential. “R3 HoldCo LLC, R3 LLC, Ripple...

Bank of England to Open New Payment System to Blockchain Users

Bank of England

The Bank of England is executing a complete overhaul of its interbank payment system, and officials have now confirmed that it will open the network to fintech firms that process transactions across a blockchain network. The British central bank on Monday published a report evaluating its recent Proof-of-Concept (PoC) with several firms operating in the distributed ledger technology (DLT) space...

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