Goldman Sachs Parts Ways with R3 Consortium to Pursue Independent Research

[kreslik.news]

R3, a blockchain technology company that current leads a consortium of seventy financial groups, has lost one of its founding members, Goldman Sachs, after the lender unveiled plans to pursue independent blockchain efforts, according to a Wall Street Journal report.

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. Goldman Sachs was one of the initial nine founding members of the consortium that was founded approximately two years ago.

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