R3CEV blockchain consortium adds 12 new members, with members spread across almost all corners of the world

R3 blockchain consortium has welcomed 12 new members, namely Santander, Danske Bank, Intesa Sanpaolo, Natixis, Nomura, Northern Trust, OP Financial Group, Scotiabank, Sumitomo Mitsui Banking Corporation, US Bancorp, Westpac Banking Corporation and BMO Financial Group.

The R3 blockchain alliance was established in September and is mainly committed to providing banks with channels to explore blockchain technology and build blockchain conceptual products. After the establishment of the alliance, a series of seminars were held.

From the initial 9 banks, it has expanded to the current 42 banks. Will this alliance continue to expand?

R3 said its “initial window” for banks to join has closed and that in 2016 the consortium will seek to work with non-bank financial institutions and groups.

R3 is very confident about what it is doing. It said that blockchain technology has been welcomed by banks around the world. Some banks are not only working with R3 to explore blockchain technology, but are also conducting their own research on blockchain technology.

R3 CEO David Root said possible applications of the solutions will “cut across asset classes, geographies and market participants.”

He said in a statement:

“Ultimately, these technologies will benefit not only financial services firms, but also their clients and end users. We are excited to be at the forefront of the development of innovative technologies around the world.”

One of the new members, Santander Bank, said the organization provides them with an opportunity to collaborate with other financial technology platforms to build a new platform based on cryptocurrencies and distributed ledger technology.

“Santander is keen to advance this collaboration and work towards shaping a new platform for the future of the financial industry.”

Original article: http://www.coindesk.com/twelve-banks-blockchain-consortium-r3/
By Stan Higgins
Translator: printemps
Editor: printemps
Source (translation): Babbitt Information (http://www.8btc.com/r3-add-12 )