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RBS Blockchain Team Jumps Ship to Start R3 Chorum Venture Studio Project

21st September 201824th September 2018 BCTechreportArqit blockchain, bctech, bctech report, Ben Wyeth, blockchain, blockchain financial product, blockchain news, blockchain regulations, blockchain stock exchange, blockchain technology, blockchain technology news, corporate blockchain, crypto-fund, cryptocurrency, David Williams blockchain, decentralized, distributed ledger technology, enterprise blockchain, ERC20 token, ethereum, Farzad Pezeshkpour, finance, financial blockchain technology, financial blockchain technology applications, fintech, funding, investing, ledger technology, Mark Simpson, Neo Global Capital, r3, r3 blockchain, r3 chorum venture studio, rbs blockchain, Richard Crook blockchain

Members of Royal Bank of Scotland’s (RBS) blockchain team have announced that they are leaving to launch an R3 Chorum venture studio, a project that aims to do for Corda what ConsenSys is doing for Ethereum. Richard Crook, former head of the RBS innovation team has made the move, taking with him engineers Mark Simpson, Ben Wyeth and Farzad Pezeshkpour. Crook and his team were responsible for developing the Cordite token project on R3‘s Corda platform, which RBS led in a bid to create a generic crypto asset blockchain system for the banking…

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UK’s Property Regulator Enlists R3’s Corda for Blockchain Land Registry Solutions

14th September 201814th September 2018 BCTechreportbctech, bctech report, big four blockchain, blockchain, blockchain conveyancer, blockchain conveyancing, blockchain financial product, blockchain land registrations, blockchain land registry solutions, blockchain law, blockchain mortgate, blockchain news, blockchain property, blockchain regulations, blockchain stock exchange, blockchain supply chain, blockchain technology, blockchain technology news, blockchain uk governement, blockchain value, corda, corda blockchain, corporate blockchain, decentralized, distributed ledger technology, dlt land registry, enterprise blockchain, finance, financial blockchain technology, financial blockchain technology applications, fintech, hm land registry blockchain, hmlr blockchain, land registry blockchain, ledger technology, mortgage providers blockchain, property blockchain, r3, r3 blockchain, uk financial regulator blockchain, uk governement, uk hm land registry blockchain, uk land registry blockchain

R3 CEO, David Rutter announced on Thursday at London’s CordaCon annual gathering, that the U.K. government has selected R3’s Corda to develop blockchain land registry solutions. The U.K. government‘s HM Land Registry (HMLR), which safeguards land and property ownership worth over £4 trillion, including approximately £1 trillion of mortgages, aims to explore how to make the house buying process in the UK faster, simpler and more transparent. The appointment comes as part of the second phase of HMLR’s research and development project, entitled ‘Digital Street’. The HMLR’s website states: “The point of…

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Technology Giants Intel and SAP Team Up to Develop Enterprise Blockchain Solutions

12th September 201812th September 2018 BCTechreportairbus, amkor technology, bctech, bctech report, big four blockchain, blockchain, blockchain financial product, blockchain intel, blockchain news, blockchain sap, blockchain stock exchange, blockchain supply chain, blockchain technology, blockchain technology news, blockchain value, corporate blockchain, decentralized, distributed ledger technology, enterprise blockchain, financial blockchain technology, financial blockchain technology applications, fintech, flex, hewlett packard, hewlett packard enterprise, hp, hp blockchain, hyperledger, intel, intel blockchain, Intel SGX blockchain, international trade blockchain, investing, ledger technology, r3, sap, sap and intel, sap blockchain, sap cloud blockchain, SAP HANA Blockchain adapter, sap industry blockchain consortium, ups

World famous chip maker, Intel and SAP have joined forces to develop enterprise blockchain solutions to address “gaps in the market”, and potentially become a direct competitor to the Linux Foundation’s Hyperledger and R3’s Corda. According to a post on Intel’s website, the technology giant has teamed up with SAP, the German-based multinational software corporation, to find solutions that power enterprise blockchain systems for easier integration and adoption. Tim Allen, a strategic relationship manager at Intel wrote: “SAP and Intel’s co-development efforts are geared toward creating superior blockchain technologies and integrating them with new and…

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EY Launch Blockchain Insurance for the Shipping Industry with Maersk Onboard

25th May 201825th May 2018 BCTechreportAP Moller-Maersk, bctech, bctech report, blockchain, blockchain commercial insurance, blockchain financial product, blockchain insurance, blockchain insurance for shipping, blockchain news, blockchain stock exchange, blockchain supply chain, blockchain technology, blockchain technology news, blockchain value, corda, corda blockchain insurance, digital insurance shipping, distributed ledger technology, enterprise blockchain, ernst and young blockchain, EY blockchain, finance, financial blockchain technology, financial blockchain technology applications, fintech, hyperledger fabric, ledger technology, maersk blockchain, maersk blockchain insurance, maersk digital process, microsoft blockchain insurance, Microsoft's Azure blockchain, r3

In a major group development, Ernst and Young goes live with Maersk on it’s blockchain insurance platform ‘Insurwave’ for the global shipping industry, which utilises Microsoft’s Azure cloud platform and R3’s open-source Corda. Using distributed ledger technology it streamlines and automates insurance transactions. The group expects Insurwave to execute over half a million automated blockchain transactions in its first year of commercial use, helping to manage risk for more than 1,000 vessels.