Bank consortium R3CEV successfully tests Bitcoin tech in traditional bank transactions
R3CEV, a startup dedicated to bringing blockchain technology to traditional finance, yesterday ran a successful test of transactions between 11 of the world’s largest financial institutions. This represents a big step forward in bringing blockchain, the foundation for Bitcoin, to traditional banking.
The test, which connected the banks on a private ‘distributed ledger’ using Microsoft’s cloud-based Azure service, allowed participants to execute sample financial transactions instantly, globally, and without a centralized third-party clearing house.
https://thestack.com/cloud/2016/01/21/bank-consortium-r3cev-successfully-tests-bitcoin-tech-in-traditional-bank-transactions/
Topic: [2016-01-21] Bank consortium R3CEV successfully tests Bitcoin tech in traditiona (Read 299 times)
January 21, 2016, 07:20:24 AM
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