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BitBrum • November 19, 2017

  Cryptobates Group and Inspiring Co. are delighted to announce Birmingham’s inaugural BitBrum cryptocurrency and blockchain conference to be held…

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Tag: blockchain consortium

South Korea’s Largest Financial and Tech Institutions Join R3

Category: Business, Finance, News, Tech

South Korea’s Largest Financial and Tech Institutions Join R3

On May 30, LG, one of the largest electronics company in South Korea behind Samsung, officially announced its partnership with R3CEV as a part of a larger vision to target the South Korean fintech and finance industries with distributed ledger technology. Over the past few years, many leading financial institutions and banks in the world have joined R3CEV, including South…

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JP Morgan Leaves R3 Showing Big Banks will Abandon the Open-Source Spirit

Category: Business, Finance, News

JP Morgan Leaves R3 Showing Big Banks will Abandon the Open-Source Spirit

JPMorgan Chase has reportedly left the blockchain banking consortium R3 due to disagreements over R3 proposed funding plans. The New York-based startup R3 CEV, which leads the 80 firms strong financial services-focused blockchain consortium, intends to raise $150 from its member institutions and investors in exchange for a 60 percent holding in the startup. The R3 banking consortium is currently…

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R3 Member Bank BNY Mellon to Form Blockchain Development Team

Category: Finance, News, Tech

R3 Member Bank BNY Mellon to Form Blockchain Development Team

R3CEV, more commonly known as the R3 Consortium, member BNY Mellon is recruiting blockchain experts and developers to establish its own technology and blockchain team. The multi-billion dollar bank’s decision to form an in-house development group coincides with the R3CEV’s exit from the blockchain industry. On February 24, R3CEV officially exited from the blockchain scene with a press release entitled…

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A Growing Blockchain Effort: Hyperledger Adds Eight More Companies

Category: Altcoins, Business, News, Tech

A Growing Blockchain Effort: Hyperledger Adds Eight More Companies

Eight new companies, including Sovrin Foundation, a private-sector international non-profit that was established to govern the world’s first self-sovereign identity network, and Swisscom, a major, state-owned Swiss telecommunications provider, have joined the Linux Foundation’s Hyperledger project. The other six companies that have joined Hyperledger are; Lykke, a zero-commission, digital currency, and asset trading ecosystem, Hashed Health, using blockchain technologies to…

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