Bank consortium R3CEV successfully tests Bitcoin tech in traditional bank transactionsR3CEV, a startup dedicated to bringing blockchain technology to traditional finance, yesterday ran a successful test of transactions between 11 of the world’s largest financial institutions. This represents a big step forward in bringing blockchain, the foundation for Bitcoin, to traditional banking.
The test, which connected the banks on a private ‘distributed ledger’ using Microsoft’s cloud-based Azure service, allowed participants to execute sample financial transactions instantly, globally, and without a centralized third-party clearing house.
https://thestack.com/cloud/2016/01/21/bank-consortium-r3cev-successfully-tests-bitcoin-tech-in-traditional-bank-transactions/
