Five blockchain technologies successfully trialled in parallel by banks

11/03/2016

Banks have successfully trialled the trading of assets using five different blockchain technologies at once, according to a financial technology business behind the tests.09 Mar 2016

R3 said that 40 banks participated in the trial which involved trading assets over distributed ledger technologies it managed but which were built by five different providers.

"[The banks] evaluated the strengths and weaknesses of each technology by running smart contracts that were programmed to facilitate issuance, secondary trading and redemption of commercial paper, a short-term fixed income security typically issued by corporations to raise funding," R3 said. "Each of the distributed ledgers ran a smart contract based on identical business logic to enable the banks to accurately compare the difference in performance between them."…

More:
http://www.out-law.com/en/articles/2016/march/five-blockchain-technologies-successfully-trialled-in-parallel-by-banks/

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