R3 is an innovative distributed database technology company based in New York. It was founded in 2014 by David Rutter, and now provides financial system service to more than 75 of the world biggest financial institutions, including Bank of America, Wells Fargo, Citi Bank, HSBC, Morgan Stanley and etc. Its main duty is to design and deliver advanced distributed ledger technologies to the global financial markets.<\/p>\n
Key features of R3\u2019s strategy provided are so called \u201c3 pillars”:<\/p>\n
“Pillar 1: Financial Grade Ledger\u2014the base layer reference architecture to underpin a global financial-grade ledger<\/p>\n
Pillar 2: Lab and Research Center (\u201cLRC\u201d)\u2014Deploy secure, multi-institution collaborative lab to test and benchmark blockchain technologies<\/p>\n
Pillar 3: Product Development\u2014Run use cases to identify and design \u2018up the stack\u2019 commercial applications\u201d<\/p><\/blockquote>\n
The reason R3 is taking the lead in this renovation of financial system technology is that it aligns similar interests from different users, and pushes distributed ledger and blockchain technologies to solve real-world problems with payments, settlements, regulatory burdens, etc. But one thing R3 should really keep up with in this fierce rival of financial system technology upgrade: put their platform into production ASAP to build entry barriers for other competitors.<\/p>\n
Source:\u00a0http:\/\/www.r3cev.com\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
R3 is an innovative distributed database technology company based in New York. It was founded in 2014 by David Rutter, and now provides financial system service to more than 75 of the world biggest financial institutions, including Bank of America, Wells Fargo, Citi Bank, HSBC, Morgan Stanley and etc. Its main duty is to design … Continue reading R3 in Financial System Technology<\/span><\/a><\/p>\n","protected":false},"author":1838,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-695","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"xiaoge","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/xiaoge\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"R3 is an innovative distributed database technology company based in New York. It was founded in 2014 by David Rutter, and now provides financial system service to more than 75 of the world biggest financial institutions, including Bank of America, Wells Fargo, Citi Bank, HSBC, Morgan Stanley and etc. Its main duty is to design…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1838"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=695"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/695\/revisions"}],"predecessor-version":[{"id":696,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/695\/revisions\/696"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}