• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
banks bitcoin blockchain tech. ramreva illustration. newsbtc bitcoin news

13 More Global Banks Join R3 Blockchain Tech Project

newsbtc by newsbtc
8 years ago
in Uncategorized
Reading Time: 2 mins read

A few weeks ago, nine large global banks announced their plans to embark on an industry-wide blockchain tech development project. These include the likes of JPMorgan, Goldman Sachs, Barclays, Commonwealth Bank of Australia, Credit Suisse, and UBS.

These banks are now joined by thirteen more well-known institutions, namely Bank of America, BNY Mellon, Citi, HSBC, Morgan Stanley, Commerzbank, Deutsche Bank, National Australia Bank, Royal Bank of Canada, SEB, Societe Generale, and Toronto-Dominion Bank.

Blockchain Tech in Finance

“The addition of this new group of banks demonstrates widespread support for innovative distributed ledger solutions across the global financial services community, and we’re delighted to have them on board,” R3 CEO and former ICAP Electronic Broking CEO David Rutter said in a press release.

“We have placed an emphasis on working with the market from day one, and our partners recognize that a collaborative model is the best way to quickly, efficiently and cost-effectively deliver these new technologies to global financial markets,” he added.

This group of financial institutions will be working together on research, experimentation, design, and engineering to explore the potential applications of blockchain tech in the industry. Banks that have already begun their foray into understanding the implications of the distributed public ledger have realized that the system would be more stable with collaboration and widespread adoption.

“This is an exciting partnership, and we’re very pleased to be involved,” said Niall Cameron, Head of Markets, EMEA at HSBC, in the press release. “Innovative, open-source developments like distributed ledger technology require expertise to deliver but have huge potential, offering banks and their clients the prospect of enhanced security, lower costs and improved error reduction.”

The R3 CEV team will facilitate the collaborative environment to test and validate prototypes. The group operates in New York, San Francisco, and London with several industry partners in those areas in developing the next generation of financial technology.

Tags: Bitcoin Newsblockchain banksblockchain developersblockchain financeblockchain techBlockchain TechnologyNews
Tweet123Share196ShareSend
newsbtc

newsbtc

Related Posts

Floki Inu

Floki Inu: Does Meme Coin Have What It Takes To Re-Enter Top 100 Spot?

37 mins ago
BTC bet – Top BTC casinos

BTC bet – Top BTC casinos

1 hour ago
Bitcoin

Bitcoin Bulls Push BTC Back Up To $28K Amid Surging Address Activity

2 hours ago
Bitcoin Core

Bitcoin Core 25.0 Hits The Market: A Sneak Peek Into The Future

4 hours ago
Ethereum

Ethereum Correction: Key Level Break Can Shift Price Course

5 hours ago
Band Protocol Price

BAND Protocol Prices Stabilize After 40% Plunge: Will These Key Developments Help?

6 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • TMS Network (TMSN) Exceeds Popular Meme Coin Rivals Shiba...

    10 mins ago
  • Traders Union published the list of Best Forex Brokers in...

    3 hours ago
  • Coinbase battles with SEC users are moving to Tradecurve

    4 hours ago
  • Cardano to hit 1$, Floki inu braces for price breakout and...

    5 hours ago
  • Ben Token Breaks $100 Million Market Cap, Could it Make it...

    5 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.