R3 is a blockchain company that offers enterprise-grade blockchain infrastructure and templates. It was founded in 2014 by David E Rutter. In 2016, R3 launched an open source blockchain platform, Corda. In 2018, R3 launched Corda Enterprise.
R3 leads the largest blockchain ecosystem in the world, creating initiatives using distributed ledger technology. Carl Wegner, the Managing Director and Head of Asia at R3, elaborates on the consortium’s reach with its broad ecosystem, on initiatives that are built on Corda, including, Project Voltron, Project Inthanon, Project LionRock, and Project Ubin in Asia.
Blockchain.News spoke with Carl Wegner, the Head of Asia Pacific at R3, who has been with the company for over three years, with a major focus on developing business and partnership opportunities for the consortium. Having been in the trade finance industry for over 30 years, Wegner feels that it is an incredible opportunity for blockchain to help streamline processes.
Consultancy firm Accenture has partnered with blockchain technology firm R3 and multinational software firm SAP to produce a prototype that uses distributed ledger technology to allow real-time gross settlements.
Cyberport, being the digital flagship of Hong Kong has gained collaborations with other government-linked organizations, such as InvestHK. InvestHK is the department of the Hong Kong government responsible for foreign direct investment and for promoting Hong Kong’s status as the leading international business hub in Hong Kong.