R3, Blockchain consortium announced that it is developing a blockchain platform in Brazil during the CIAB Febraban event in São Paulo. The platform will focus on foreign trade and the insurance sector. R3 is a collaboration between large banks and technology companies which is now open to collab with Brazilian banks. Two Brazilian banks, Itau […]
The Wall Street Blockchain Alliance, a non-profit trade association that promotes adoption of blockchain technology and cryptoassets, has collaborated with R3’s blockchain consortium to develop applications based on Corda, R3’s blockchain platform. Under the partnership, Wall Street Blockchain Alliance is looking forward to introducing the trade association to increased use cases that Corda offers. The organisation believes that the alliance will benefit its members with Corda platform.
SWIFT has introduced a blockchain-powered Proof-of-Concept (PoC) global payments innovation (gpi) Link to provide faster payment services by connecting the gpi members to various trading platforms. The PoC is built on R3’s Corda platform, which will enable the corporates using Corda platform to authorize payments from their banks via the gpi Link. The banks will settle the payments and intimate them via the gpi Link.
SBI Ripple Asia, a sister collaboration of Ripple, has signed a new partnership agreement with the Japan Payment Card Consortium. The partnership aims to fight against frauds with Proof of Concept technology (PoC). The PoC system will be implemented via Corda because of its data privacy and security set-up.