R3 slashed the jobs to “maintain a strong operating and financial position” at a time when blockchain funding has dried up as its landmark projects stall.
Nasdaq is looking for ways to leverage blockchain technology, but doing it on a private, permissioned blockchain is not the right way to go.
SWIFT may be considering the integration of the blockchain and has announced that it will trial a new payments gateway with Ripple competitor, R3.
Japan -based SBI Holdings has partnered with blockchain consortium R3 to increase the reach of the Corda blockchain in the East Asian region.
HM Land Registry, which holds 25 million land titles in England and Wales, may soon be using blockchain technology to document purchases of real estate.
R3, the group behind the Corda blockchain project, has added an extra $5 million to its funding, coming by way of U.S. forex settlement provider CLS.
The transaction, which usually takes around a week to complete with paper-based processing, was finalized within a few hours on the blockchain, according to HSBC.
Through its subsidiary, LG has created a blockchain-powered service that provides logistics capabilities for finance, communication and manufacturing firms.