Hong Kong’s banking regulators along with several banks to launch blockchain-based trading platform

In a landmark development that is aimed at streamlining, boosting efficiency and which introduces next-gen technology in the financial services sector, for the first time a government-led efforts along with players from the financial sector industry are collaborating to launch a blockchain-based trade and finance platform. The banking industry is known for its insistence on…

22 of the world’s biggest banks have collaborated on this blockchain project

The R3 project is likely to be a significant milestone in the history for blockchain technology. On Tuesday, in a significant development, twenty two of the world’s biggest banks have come together to collaborate on developing an international payments system that would allow existing central bank currencies and any new digital ones to be transacted…