Mastercard, R3 to Develop a Blockchain Cross-Border Payments Platform

Payments giant Mastercard is to develop a blockchain-powered cross-border payments platform in partnership with enterprise-focused blockchain firm R3. In an announcement on Wednesday, Mastercard said the two firms have inked a deal to “develop and pilot” the payments solution. It will initially be aimed at connecting faster payments schemes and banks backed by Mastercard’s clearing and…

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Truffle Announces Upcoming Dev Support for Corda, Hyperledger Fabric, Tezos

Blockchain development company Truffle has unveiled plans to expand its fully managed developer suite to include support for the blockchain protocols Corda, Hyperledger Fabric and Tezos. Truffle founder and CEO Tim Coulter announced the company’s plans at TruffleCon 2019 — Truffle’s annual dev conference — on Microsoft’s campus in Redmond, Washington. Coulter commented on how…

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Barclays and RBS Have Reduced the Real Estate Transaction Process Four Times: Who Benefits?

Recently, Barclays and the Royal Bank of Scotland (RBS), with the participation of enterprise software company R3, successfully tested a blockchain project that will speed up real estate transactions. Such a solution can provide transparent and fast operations for the end user, R3 officials say. However, is it already possible to talk about a breakthrough…

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Over 50 Banks, Firms Trial Trade Finance App Built With R3’s Corda Blockchain

ABN Amro, Standard Chartered, ING and around 50 other banks and companies have participated in tests of a trade finance application called Voltron. The open industry platform was initiated by eight founding member banks with the aim of improving the trade finance process by simplifying letter of credit transactions to deliver speedy settlement times and…

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Top 3 Japanese Bank to Roll Out Services on Marco Polo Blockchain

Sumitomo Mitsui Banking Corporation (SMBC), Japan’s third-largest bank by total assets, will launch blockchain-based trade finance services in the second half of this year. SMBC’s vice chairman Yasuyuki Kawasaki announced the news at a recent fintech seminar in Tokyo, saying that the bank will roll out new services for import and export companies using the…

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Japan’s Number Two Bank by Assets Completes R3 Blockchain-Based Trade Finance Trial

Japan’s second-largest bank by assets, Sumitomo Mitsui Banking Corporation (SMBC), has completed a proof-of-concept (PoC) using blockchain consortium R3’s Marco Polo trade finance platform. A press release confirmed the PoC completion on Feb. 18. SMBC, which is the only Japanese bank participating in Marco Polo, said it had partnered with Japanese multinational Mitsui & Co.…

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SWIFT CEO Reveals Plans to Integrate Blockchain Consortium R3 Tech

This article has been updated to reflect the breaking news events. Major global banking payments network SWIFT has revealed it plans to integrate technology from enterprise blockchain software firm R3. Speaking at the Paris Fintech Forum on Jan. 30, CEO Gottfried Leibbrandt said SWIFT would be formally announcing its plans for a Proof-of-Concept (PoC) with…

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2 Executives Are Leaving Blockchain Startup R3 in Management Shake-Up

Distributed ledger technology provider R3 has carried out an extensive internal reorganization, resulting in the departure of two members of its management committee, CoinDesk has learned. Brian McNulty, a managing director and head of global services, and Lauren Carroll, chief administrative officer, are leaving the company, R3 told employees at town hall meetings Friday, according to…

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