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The Blockchain Innovation & Investment Summit (BII SUMMIT)  •  
March 20, 2019

# R3 consortium News

February 20, 2019 by at Blockchain, Business, Finance, News
Sumitomo Mitsui Banking Corporation (SMBC) has completed a successful proof of concept on R3’s Marco Polo trade platform, according to a press release dated February 18, 2019. Done and Dusted A successful proof-of-concept (PoC) has been completed by Sumitomo Mitsui Banking Corporation (SMBC), Japan’s second-largest bank by assets, as performed...
In a bid to encourage cryptocurrency and blockchain adoption in Egypt, the National Bank of Egypt (NBE) announced that it has joined the R3 Blockchain Consortium on April 22, 2018. R3 is a software enterprise firm that is working closely with over 200 financial institutions to develop its blockchain platform...
March 4, 2018 by at Blockchain, Business, Finance, News, Tech
Two banking giants have recently offered yet another massive break for the application of blockchain technologies in the financial sector. In a $30.48 million securities lending transaction, ING Groep NV and Credit Suisse Group AG employed blockchain-based software to effect the transaction, the companies said on March 1, 2018. Hi-Tech...
September 21, 2016 by at Business, News, Tech
Blockchain technology can be used for a wide variety of services spanning different industries. A new test under the R3 blockchain consortium banner used distributed ledgers for reference data management. This test was conducted by several major banks, including Citi and HSBC, as well as other financial players. This is...
September 2, 2016 by at Business, News
Although there are various blockchain research projects active in the world today, China Merchants Bank favors the R3 blockchain consortium. Up until this point, Chinese financial service providers have been relatively quiet when it comes to distributed ledgers. But China Merchants Bank sees the benefit of these shared ledger-based technologies...
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