Wall Street Blockchain Alliance Joins R3 Consortium On Corda
The Wall Street Blockchain Alliance, a trade advocacy group for financial market professionals, has joined the collaborative initiative of business software company R3 to create unconventional applications and practical solutions on the latter’s blockchain Corda platform.
Corda is a company-grade blockchain platform that eliminates costly friction in commercial transactions by enabling organizations to directly conduct transactions through smart contracts while guaranteeing the highest levels of privacy and safety.
R3 recently unveiled Corda Enterprise, a commercial version of Corda primarily calibrated to fulfill the requirements of diverse institutions Corda and Corda Enterprise are the basis for a lively interoperable application ecosystem. These apps are developed by R3’s partners, who use the power of the blockchain to solve their customers’ unique challenges.
Ron Quaranta, CEO of the WSBA issued the following statement regarding the partnership
“We are pleased to partner with R3 and introduce our trade association to the wide range of use cases that Corda enables throughout global financial services. We are certain that our members will benefit from our close collaboration with this leading industry body.”
Commenting on the partnership, David Rutter, CEO of R3, said “The Wall Street Blockchain Alliance (WSBA) and R3 will work together to accelerate widespread adoption across an innovative community of financial services professionals. We advocate a strategic approach to collaborating with regulatory bodies so that financial markets, and beyond can gain the full benefits of blockchain’s capabilities.”
The Wall Street Blockchain Alliance( WSBA) was established in 2015 as a leading non-profit trade association with the mission of promoting and guiding the comprehensive adoption of blockchain technology and crypto assets in global markets.
R3 is a blockchain software company that works with a broad ecosystem of more than 300 members and partners in multiple industries from the private and public sectors to develop Corda, its open-source blockchain platform, and Corda Enterprise, a commercial version of Corda for business use. More than 2,000 technology, financial and legal experts from its global membership base support R3’s global team of more than 180 professionals in 13 countries.