JPMorgan Chase & Co leaves blockchain consortium R3
http://ca.reuters.com/article/businessNews/idCAKBN17T2T4-OCABS"JPMorgan parted ways with R3 to pursue a very distinct technology path which is at odds with the one chosen by the global financial services industry, represented by our 80-plus members," said Charley Cooper, a managing director at R3.
JPMorgan declined to comment.
JPMorgan's move follows the departure of other large banks from the R3 consortium.
Goldman Sachs Group Inc (GS.N: Quote), Banco Santander SA (SAN.MC: Quote), Morgan Stanley (MS.N: Quote) and National Australian Bank left the group in quick succession in late 2016, as R3 proceeded with its fundraising plans.
Like the other banks that have left the group, JPMorgan is involved in other blockchain initiatives."
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i wonder if jp morgan is jumping on board / in bed with goldman
goldman sachs distributed ledger patent:
https://www.google.com/patents/US20160260169 Totally different technologies.
"Ripple has created the first global decentralized transactions settlement network and the first open and decentralized liquidity marketplace for banks and other type of liquidity providers.
On the other hand, R3 is creating a shared ledger solution for financial agreements between financial institutions.
Ripple aims to give rise to the Internet of Value, making the movement of value as seamless as the movement of information today.
R3 aims to create the best distributed technology for financial agreements between banks and other financial institutions and/or customers. The best smart contracts solution for FIs, and ultimately all their customers.
Ripple and R3 create complementary solutions, aiming to transform financial infrastructure worldwide."
I found this explanation of Ripple and R3. I'm pretty sure nothing is faster than Ripple and XRP for transactions, except maybe visa with high interest?
