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Tag: R3 consortium

National Bank of Egypt Joins 200 Financial Institutions in the ‘R3 Blockchain Alliance’

Category: Blockchain, Business, Finance, News, Regulation

National Bank of Egypt Joins 200 Financial Institutions in the ‘R3 Blockchain Alliance’

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 designed specifically for commercial use. Benefits of collaboration With the…

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Banks Continue to Demonstrate Success with Blockchain Application

Category: Blockchain, Business, Finance, News, Tech

Banks Continue to Demonstrate Success with Blockchain Application

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 and High Speed This latest record is another example where…

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R3 Consortium Members Trial Blockchain-based Reference Data System

Category: Business, News, Tech

R3 Consortium Members Trial Blockchain-based Reference Data System

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 another validation of blockchain as a technology for the future….

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China Merchants Bank Joins R3 Blockchain Consortium

Category: Business, News

China Merchants Bank Joins R3 Blockchain Consortium

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 for global finance.   China Warms to Blockchain, Digital Currency…

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