JPMorgan Becomes Latest Bank to Leave R3 Amidst Fundraising Talks

[kreslik.news]

R3, a blockchain technology company that current leads a consortium of eighty financial groups, has seen its second big name lender part ways with its constituency in the past six months, with JPMorgan Chase & Co leaving the group to pursue it’s a divergent technology path, according to a recent Reuters report.

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The R3 consortium focuses on blockchain usage in the global financial system – more specifically a panel of more than seventy institutions engage in joint research and development opportunities, helping push the technology into new avenues of finance.

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