Company:R3 (R3CEV)
R3 (R3CEV LLC) is an enterprise software company founded in 2015 and headquartered in New York City . Its blockchain platform Corda allows businesses to manage secure transactions directly between parties without any leakage of transactions to other participants in the network.[1] R3 currently offers two products:
- Corda
- Conclave
R3 began as a consortium of nine major banks.[2] The consortium grew as more financial institutions sought to explore how blockchain could address inefficiencies in the ageing network of bank payments and settlements.[3] Its shareholders include Bank of America Merrill Lynch, HSBC, Barclays, ING, UBS, Credit Suisse, RBS, Royal Bank of Canada, and Wells Fargo.[4]
In 2017, R3 and Ripple Labs sued each other over cryptocurrency options worth more than $1bn.[5] The companies reached a settlement in September 2018.[6]
References
- ↑ Graphics, WSJ com News. "AI, Blockchain and Cybersecurity Startups Dominate 2018 Tech Companies to Watch List" (in en-US). https://www.wsj.com/graphics/tech-companies-to-watch-2018/.
- ↑ "Blockchain initiative backed by 9 large investment banks | Financial Times". https://www.ft.com/content/f358ed6c-5ae0-11e5-9846-de406ccb37f2.
- ↑ "Blockchain initiative pulls in another 13 banks | Financial Times". https://www.ft.com/content/72ffd222-66be-11e5-97d0-1456a776a4f5.
- ↑ "CBA, Westpac back R3 blockchain capital raising" (in en). 2017-05-23. https://www.afr.com/companies/financial-services/cba-westpac-back-r3-blockchain-capital-raising-20170523-gwav5e.
- ↑ "Blockchain groups in $1bn cryptocurrency battle | Financial Times". https://www.ft.com/content/aa1979ce-94c6-11e7-a9e6-11d2f0ebb7f0.
- ↑ "Ripple, R3 Reach Settlement in Multibillion Dollar Cryptocurrency Lawsuit" (in en-US). https://finance.yahoo.com/news/ripple-r3-reach-settlement-multibillion-154459369.html.
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