R3 CEV, a consortium of 10+ big banks announce they used ethereum to test using blockchain technology for their interbank settlements of off-chain registered assets.
ConsenSys launches 'Internet-of-People'. ConsenSys, BlockApps, and Canonical form team to deliver Nimbus uPort Biometric Digital Identity Ethereum tools on Ubuntu phones so users can access Ethereum safely. The project will be fully unveiled on Mobile World Congress later in February.
European energy giant RWE partners with (ex ETHDEV) Stephan and Christoph'sSlock.it to tackle autonomous electric charging stations with smart contracts. News giving a whole new meaning to pump and dump.
Commonwealth Bank of Australia tests blockchain trading with 10 global banks
This is an automatic summary, original reduced by 80%.
Commonwealth Bank of Australia and 10 of the world's largest banks have used a blockchain to simulate trading with each other, says R3 CEV, which is managing a project to prove uses for distributed ledgers across financial markets. The R3 blockchain is underpinned by Ethereum technology and is hosted on a virtual private network in Microsoft Azure's Blockchain as a Service. Macquarie Bank, National Australia Bank and Westpac Banking Corp are also part of the R3 consortium, which has 43 global banks. As well as participating in this latest trial, it has built a blockchain in its innovation lab in Sydney and sponsored the blockchain workshops arranged by Coala in Sydney in December. IOSCO has established a blockchain taskforce and its board meeting in February will spend a day on the implications of blockchain on markets, clearing and settlements. Regulators are examining blockchains to understand whether they will increase systemic risk, because they are threatening to replace systems whose centralised nature allows them to act as shock absorbers in a time of crisis, something that blockchains, as decentralised ledgers, cannot.
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The Ethereum Foundation has announced that it will be working with the New York-based banking consortium R3CEV on creating a new blockchain-based cryptocurrency, Lizardcoin, which aims to showcase the benefits of blockchain technology as well as the consortium’s ability to bring the technology to institutional clients and the regulation-loving masses... That is what has led R3 to develop Corda rather than using Ethereum or something similar. However, as pointed out by some folks, even R3’s people are confused, as their marketing twitter description dates back two years to when they started (pre-Corda) and talks about blockchain rather than, as they have updated it to in the past few days ... To complete the experiment, R3 managed a private peer-to-peer distributed ledger, built using a private version of the Ethereum blockchain and hosted on a virtual private network in Microsoft ... Blockchain consortium R3 CEV has announced its first distributed ledger experiment using Ethereum and Microsoft Azure's Blockchain as a Service, and involving 11 of its member banks. R3 will focus strictly on financial related uses of blockchain for the next 5-7 years, and will not engage in IoT or other benefits that Ethereum can and will be used for. Within 7 years, End users will use both Ethereum as a currency and for IoT and peer to peer contracts as well as fiat currencies transparently via R3's G20+ banks.
R3 to use XRP, VeChain News, Ethereum 1000x Scaling and more Daily Bitcoin and Cryptocurrency News
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