BankingBusiness

R3: Announced a partnership with Red Date Tech

  • R3 an enterprise software firm that is pioneering digital industry transformation
  • Red Date Tech, a key infrastructure developer of China’s Blockchain-based Service Network (BSN)
  • Partnership with Red Date Tech to license Corda Enterprise for the development of a permissioned blockchain network in China
  • This collaboration also marks the first time BSN has acquired rights from an overseas blockchain provider like R3
  • To develop the Corda-based blockchain network in China, the first step to roll out an open permissioned version with Corda’s open-source nodes
  • Partnership aligns with China’s ultimate goal to drive greater collaboration, innovation, and development in the blockchain space
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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