Calypso Testing Blockchain for Multi-Party Trade Confirmation with R3

[kreslik.news]

Calypso Technology today become the first firm to partner with R3 to develop capital markets applications on its Corda distributed ledger-based smart contract platform. The two firms have announced they are currently developing a multi-party trade confirmation solution and testing it with multiple financial institutions. This news comes at a time when R3 needs it most, after it recently lost a few of its member banks including Goldman Sachs and Morgan Stanley.

The two firms say their trade confirmation solution utilises blockchain technology to dramatically transform existing processes, substantially increasing transparency and simplifying dispute resolution. They explain that counterparties will ... (read more)