Three French Banks Join R3 Corda Blockchain-Based Loans Platform

British financial software firm Finastra has signed three global banks on its R3 Corda blockchain-based syndicated loans platform, the firm officially announced on May 14. France-based banking institutions BNP Paribas, Natixis, and Societe Generale have officially joined Finastra’s syndicated lending platform Fusion LenderComm, following previous pilots back in 2017. Based on blockchain consortium R3’s open […]

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Why Consortium Blockchains are Failing

Consortium blockchains have shown their failures throughout recent history. From R3 Corda’s crippled partnerships with its banking partnerships to the agonizingly slow Hyperledger development times, consortium chains have shown that they presently lack the economic models, partnerships, and projects to remain viable in the present blockchain landscape. Consortium Blockchains: Restricted Potential Consortium chains are permissioned […]

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Forbes Releases List of Billion Dollar Companies Using Blockchain

Financial news outlet Forbes has released a list of “Blockchain’s Billion Dollar Babies,” or companies implementing blockchain technology that have minimum revenues or valuations of $1 billion, on April 16. The list includes companies in the cryptocurrency and blockchain development spaces, in addition to traditional financial firms like banks and clearing houses, food companies, supply […]

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Commerzbank and LBBW along with Voith and KSB advance digital transformation of trade finance solutions

Commercial transactions executed via the Marco Polo trade finance network based on blockchain technology LBBW and Commerzbank together have reached a milestone in the digitisation of commercial transactions based on distributed ledger technology (DLT). In order to secure payments from two commercial transactions, the necessary data transfer between Voith and KSB was for the first […]

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