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RBS Leading Banking Industry to Launch Crypto Tokens with R3’s Corda Technology

27th June 201827th June 2018 BCTechreportbanking blockchain, banking crypto assets, banking industry to launch crypto tokens, banks blockchain, banks cryptocurrencies, bctech, bctech report, big four blockchain, bitcoin, blockchain, blockchain financial product, blockchain news, blockchain regulations, blockchain stock exchange, blockchain supply chain, blockchain technology, blockchain technology news, blockchain value, corda blockchain, cordapps, corporate blockchain, cryptocurrency, decentralized, decentralized banking, distributed ledger technology, dlt, enterprise blockchain, finance, financial blockchain technology, financial blockchain technology applications, fintech, investing, ledger technology, rbs blockchain, royal bank of scotland blockchain

RBS, one of the world’s 30 largest financial institutions, has confirmed that it has been leading a consortia of banks to develop an enterprise blockchain standard platform entitled Cordite, which will allow the banking industry to launch crypto tokens on one network. Utilising the coding of R3 Corda blockchain technology, the open source CorDApp aims to do what the ERC-20 standard did for Ethereum, ensuring that all tokens adhere to a set of functions, anywhere within the Cordite system.