Biggest trial is just the beginning, more to come!
After revealing an impressive string of big bank partnerships toward the end of 2015, blockchain consortium startup R3CEV spent the beginning of this year opening up to the public about its research and development efforts. First came a test involving next-generation blockchain platform Ethereum in January. However, its biggest show of force came on 3rd March, when it revealed it had conducted a trial that found 40 of its 42 banking partners testing five blockchain technologies in a collaboration distinguished by its size and scope. While the trial itself was centered on commercial paper trading, a short-term debt security used by large corporates, R3 managing director Tim Grant indicated that the main goal of the test was to emphasize the startup’s own ability to take on a large-scale project.