R3's annual Corda event appeared to be in rude health this year, with packed presentations and some notable news announcements.
Blockchain tech provider R3 tried to take over one of the most well-known bank blockchain projects this June. The only problem? It didn't work.
NatWest, part of Royal Bank of Scotland, has joined Marco Polo, a blockchain consortium started by R3 and trade finance specialist TradeIX.
Not a traditional firewall, the term denotes how Corda is able to limit communication between blockchain nodes operating in different environments.
The RiskBlock Alliance, whose members include insurance giants Chubb, Marsh and Liberty Mutual, has decided to build its blockchain on R3's Corda.
London's Blockchain Summit heard banks weigh the possible savings blockchain could bring to global trade – as well as noting the pain points.
Stealth project Cordite, led by the Royal Bank of Scotland, promises the equivalent of an ERC-20 token standard for R3's open-source Corda platform.
Blockchains should do for the global value chain what shipping containers did for transport of goods, says HSBC trade finance expert Vinay Mendonca.