R3 at Consensus 2016: focus on payments and smart contracts

When International Business Times interviewed Chatsworth client R3 at last week’s Consensus 2016 conference in New York, CEO David Rutter took the opportunity to highlight payments and smart contracts as two key areas of development for the consortium and outlined his intention to partner with other fintech firms to deliver solutions in these areas, in addition to building apps unilaterally.

R3 is currently working with its members to examine a number of use cases in its Lab and Research Centre, which has quickly become the centre of gravity for use-case testing and evaluation of blockchain-inspired technologies, bringing together banks, non-banks, both established and start-up financial technology companies, trade associations and regulators. Based on the findings from these lab-based experiments, R3 will develop commercial applications for the financial services industry that leverage the appropriate elements of distributed and shared ledger technology.

To find out more about R3’s plans, head over to International Business Times.

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