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R3 is an enterprise software firm working with a network of over 200 banks, financial institutions, regulators, trade associations, professional services firms and technology companies to develop on Corda, a blockchain platform designed specifically for businesses.
With offices in London, New York and Singapore, R3 has a global team of over 160 professionals in nine countries.
Corda is an enterprise-grade blockchain platform that removes costly friction in business transactions by enabling institutions to transact directly using smart contracts, while ensuring the highest levels of privacy and security.
DAVID E. RUTTER
R3 was founded in 2014 by David Rutter. He built and lead a consortium of more than 200 banks and financial institutions in research and development of distributed ledger usage in the financial system and other areas of commerce.
The consortium’s joint efforts have created an open-source distributed ledger platform called Corda, initially designed for the financial world to handles more complex transactions and restrict access to transaction data. It has also attracted interest from other industries including insurance, healthcare, energy and governments.
Corda was originally built by the financial industry, for the financial industry. It was developed in close collaboration with a vast network of banks, financial institutions, regulators, trade associations, professional services firms and technology companies to leverage the power of blockchain to address their specific business challenges.
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