As previously reported, HPE worked with distributed
ledger startup R3 to develop new solutions for its client base, and by August had already begun testing with some of its customers.
Hong Kong's central bank has also tested the tech, disclosing in April that it had been testing a digital currency along with several unnamed banks and distributed
ledger startup R3.
Not exact matches
Madden went on to say that he believes efforts like those by distributed
ledger consortium
R3 are being driven by a fear of missing out, but that such sentiments likely hide the fact that banks will be unable to compete against tech - savvy
startups regardless of these efforts.
Consortium
startup R3 has filed two patent applications detailing ways to apply distributed
ledger tech to agreements between financial institutions.
Blockchain technologies that allow enterprises to set up their own private blockchain apps and
ledgers, are being offered by traditional tech vendors (IBM, Microsoft, for example), to
startups (Ripple, Digital Asset Holdings) and they are also being developed by consortiums like Hyperledger (backed by the Linux Foundation) and
R3 (backed by banks, IT vendors, others).
At least that's according to Antony Lewis, research director at global banking consortium and distributed
ledger software
startup R3, who issued...
In January, the DTCC revealed that IBM was helping build a platform to settle $ 11tn worth of credit derivatives using technology created by blockchain
startup Axoni, and overseen by distributed
ledger consortium
R3.
The
startup behind distributed
ledger consortium
R3 closed the first two of three planned trenches in its Series A funding round, netting $ 107m from a global group of investors.