R3 completes cloud-based blockchain trial

Financial technology innovation company R3 CEV has successfully trialed five distinct blockchain technologies in parallel in the first test of its kind.

First Published by e-Forex News: March, 2016

David Rutter
David Rutter

Financial technology innovation company R3 CEV has successfully trialed five distinct blockchain technologies in parallel in the first test of its kind. The trial represented the trading of fixed income assets between 40 of the world’s largest banks across the blockchains, using multiple cloud technology providers within R3’s Global Collaborative Lab.

David Rutter, CEO of R3, commented: “This development further supports R3’s belief that close collaboration among global financial institutions and technology providers will create significant momentum behind the adoption of distributed ledger solutions across the industry.”