Consortium

Representatives and technical leaders from all the 31 financial institutions and companies of the Financial Blockchain Shenzhen Consortium (FSBC) recently attended a founding conference and the first membership event. Founded on 31st of May 2016,...

The formation of a Russian blockchain consortium was announced at the XXV International Financial Congress in St Petersburg. The members of the consortium are: QIWI Group, Accenture, BINBANK, MDM Bank, Bank Otkritie, Tinkoff Bank. These major companies in...

Coindesk has reported a meeting between blockchain specialists from accounting giants Deloitte, Ernst & Young, KPMG and PwC. Apparently taking place in New York City at the Microsoft headquarters, the companies are set to...

Global provider of financial settlement solutions, Ripple has announced that a number of global banks are combining to establish the first interbank group for global payments based on blockchain technology. Bank of America Merrill...

R3, the financial innovation company, and over 15 of its consortium member banks have successfully completed two prototypes that demonstrate how distributed ledger technology can address the key challenges facing the USD 45bn global...

We are seeing that the overwhelming trend in distributed ledger technology is that it is being developed in a fairly open source environment. Bitcoin and Ethereum are open source projects and changes to the code...

The shipping industry is stifled by paper based processes, delayed detection of quality control issues, expensive proceedings for contract dispute arbitration, and massive amounts of documentation fraud. Even though the industry has been slow...

R3 Consortium has developed the Corda - a platform which represents a combined effort between banks, insurers, fund managers and other to develop blockchain technology for use in the financial markets. R3 says it...

BNY Mellon, Deutsche Bank, ICAP and Santander have joined UBS and Clearmatics to develop the Utility Settlement Coin (USC), a cryptocurrency model which aims to facilitate payment and settlement for institutional financial markets. The...

42 Japanese banks have come together to form the ‘Japan Bank Consortium to Central Provide Domestic and Cross-border Payment’ or the ‘Consortium’. Members include regional financial institutions and internet-only banks with a secretariat consisting...