HSBC said the transaction over the Contour trade finance blockchain platform slashed the time normally taken to process letters of credit.
A new collaboration this week between R3 and IBM is raising eyebrows in the world of enterprise blockchain.
A group of former bankers building on R3’s public Corda Network is touting the first digital currency for that ecosystem, dubbed XDC.
The bank has partnered with Corda-based DASL to build the new service available on Corda’s public network
The bank said the blockchain letter-of-credit transaction – between mining giant Rio Tinto and Chinese firm Baosteel – was the first to be denominated in yuan.
R3, the company behind the Corda blockchain, is edging ever closer to Ethereum, with news of a partnership with enterprise software startup Kaleido.
Tim Grant, formerly the CEO of ConsenSys-backed DrumG Technologies, is to become head of business at SDX.
Blockchain solutions based on R3's tech will make it easier for users to verify their identities and claim lost pension funds, the firm says.
Central bank digital currencies have been a hot topic in blockchain circles recently, but central banks are lukewarm about blockchains.
ING, the Dutch megabank, has come up with a privacy fix for R3's Corda blockchain.
U.K.-based Archax has inked a deal to use R3's Corda Enterprise to handle post-trade processes for its digital securities exchange.
The card giant is to develop a blockchain-powered cross-border payments platform in partnership with enterprise-focused blockchain firm R3.
Truffle is expanding to Hyperledger Fabric, Tezos and R3's Corda after clocking 3.5 million downloads from ethereum developers.
LAB577, a team of ex-Royal Bank of Scotland engineers, has built a system for settling crypto and fiat trades on R3's Corda Network.
B3i, a consortium startup working to use blockchain tech in the insurance industry, has launched its first product on R3's Corda platform.