Wall Street Blockchain Alliance Collaborates With Consortium R3 Over Corda platform

by | Feb 7, 2019 | Blockchain, Cryptocurrency, Cryptocurrency News

WSBA | Wall Street Blockchain Alliance |R3 |Corda | Blockchain

Blockchain consortium R3 receives another collaboration, this time it’s with Wall Street Blockchain Alliance (WSBA) to develop applications and solutions on their Corda platform, according to a press release published on Feb. 5.

A statement released by the CEO of R3, David E. Rutter, stated that the two companies will be collaborating in order to “advocate a strategic approach to collaborating with regulatory bodies so that financial markets, and beyond can gain the full benefits of blockchain’s capabilities.

WBSA is a non-profit trade association aimed at promoting blockchain technology and crypto assets across international markets.

R3

R3 has over 300 partners. The blockchain software firm has developed Corda, an open-source blockchain platform that aids both private and public sectors across multiple industries.

Corda is a blockchain platform that enables institutions to transact directly, by using smart contracts, while ensuring their user’s privacy and security. The platform announced in mid-January, the launch of its Corda Network, with non-for-profit organization the Corda Network Foundation which will be responsible for its operations.

Just recently, major global banking payments network SWIFT revealed its plans to develop a Proof-of-Concept gateway in collaboration with R3, in order to link to the SWIFT Global Payments Innovation payments from their platform.

Read more: Bitcoin’s ‘Lightning Torch’ Gain’s Traction Globally With 37 Countries and Counting

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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