September 7, 2016
True to its values, decentralized ledger technology has recently indeed decentralized the power of R3 CEV consortium, bringing together institutional players across industries and regions. Until recently, the R3 CEV blockchain consortium comprised of the world’s largest tech companies and financial institutions and was one of the largest alliances of interested parties around blockchain. In fact, the consortium is far beyond discussions and has already filed a patent application for software within a new platform it calls Concord. As the WSJ explains, Concord is a platform that takes its cues from bitcoin, Ethereum, and other blockchain-based networks, but changes up key features and concepts to create a platform that takes the best of those other networks and makes it something with which banks will feel comfortable.