New York-based R3, the #blockchain startup heading the prominent mortal banking blockchain consortium has at in i lawsuit added Hong Kong-based life insurance grouping AIA.
Blockchain startup R3 is continuing its foray to recruit Asian fiscal institutions amongst the add-on of AIA Group, a Hong Kong-based life insurance grouping to its roster of global members.
The AIA Group, the largest publicly listed independent pan-Asian life insurance grouping volition collaborate amongst fifty of the world’s largest fiscal institutions, including banks, to railroad train blockchain-based commercial applications for the fiscal services industry.
With the latest inclusion, R3 CEO David Rutter spoke most the diversification of the blockchain consortium’s growing fellow member network, beyond geographical leaps. He stated:
By collaborating amongst a wide arrive at of non-bank institutions inward add-on to our extensive banking partners, nosotros volition ensure the technology beingness developed inward our lab represents the unlike interests as well as requirements of the vast array of players inward the global fiscal ecosystem.
The global network of R3 partners volition endure “united inward its lab environment” at the inquiry as well as evolution stage at the R3 Lab as well as Research Centre, where the likes of smart contract blockchain Corda was developed.
Citing R3’s collective expertise inward fields including distributed ledger research, safety & scalability, AIA main operations officeholder Simeon Preston stated:
R3 provides us the possibility to empathize together amongst other leading global organisations inward fiscal services the potential applications of blockchain technology to a greater extent than or less the footing as well as especially the Asia-Pacific region.
In recent times, R3 has notably added the first e'er Chinese member of the consortium. The Ping An Group, China’s second-largest insurer joined Japan’s SBI Holdings and South Korean banking concern asset firm Hana Financial, every bit Asian members of the R3-led consortium. R3 too added the starting fourth dimension Latin American member of the grouping inward Brazilian banking concern Itaú Unibanco, inward Apr 2016. Featured icon from Shutterstock.
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