R3 banks disagree over DLT implementation

Blockchain consortium confident it can raise $150 million by next summer

Alternative views: banks are headed in different strategic directions on implementing blockchain

Industry consortium R3 has made its Corda distributed ledger platform open-source to encourage collaboration, but major banks are headed in different strategic directions on implementing blockchain, according to sources close to former members of the consortium.

Goldman Sachs, Morgan Stanley, National Australia Bank and Santander have discontinued membership of R3. The banks declined to comment further, but sources close to two of them believe they disagreed with the strategic direction of R3

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