Raiffeisen Bank International is first Austrian bank to join R3 global network

On 22 November 2017, Raiffeisen Bank International (RBI) became the first Austrian bank to join enterprise software firm R3’s global network of more than 160 banks, financial services firms, technology companies, central banks, regulators and trade associations.

R3 offers access to “Corda” an enterprise-grade distributed ledger platform for finance and commerce, working with its members to develop PoCs and move distributed ledger applications into commercial deployment.

“By joining R3 we will be able to exchange and collaborate with peers, which will substantially boost the speed, security and usability of our own blockchain innovations. The usage of technology platforms such as ‘Corda’ allows us to gain extensive know-how in the underlying infrastructure of future commercial blockchain applications,” explains Michael Hoellerer, Plenipotentiary of RBI, who is amongst other tasks in charge of RBI Group’s digitization strategy, the bank’s motivation for joining this leading blockchain consortium.

In its work with R3, RBI will focus on cash and payment services, capital markets, digital identity, securities services and trade finance.

About R3

R3 is an enterprise software firm working with over 160 network participants including, banks, financial institutions, regulators, trade associations, professional services firms and technology companies to develop on Corda, its distributed ledger platform designed specifically for businesses.

R3’s global team of over 140 professionals in nine countries is supported by over 2,000 technology, financial, and legal experts drawn from its global member base. R3 recently announced the successful completion of the first 2 of 3 tranches in a Series A fundraise valued at USD 107 million.

Corda is the outcome of over two years of intense research and development by R3 and its members and meets the highest standards of the banking industry, yet is applicable to any commercial scenario. It records, manages and executes institutions’ financial agreements in perfect synchrony with their peers, creating a world of frictionless commerce.

About Raiffeisen Bank International

Raiffeisen Bank International AG (RBI) regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 14 markets of the region are covered by subsidiary banks. Additionally, the group comprises numerous other financial service providers, for instance in leasing, asset management or M&A.

In total, nearly 50,000 employees service 16.5 million customers through more than 2,400 business outlets, the majority thereof in CEE. RBI’s shares are listed on the Vienna Stock Exchange. The Austrian Regional Raiffeisen Banks own around 58.8 per cent of the shares, the remainder is in free float. Within the Austrian Raiffeisen Banking Group, RBI is the central institute of the Regional Raiffeisen Banks and other affiliated credit institutions and renders important services in this function.

For further information please contact:

Raiffeisen Bank International
Ingrid Krenn-Ditz (+43-1-71 707-6055, ingrid.krenn-ditz@rbinternational.com) or
Andrea Pelinka-Kinz (+43-1-71 707-8787, andrea.pelinka-kinz@rbinternational.com)
http://www.rbinternational.com

R3
Nick Warren/Nick Murray-Leslie
Chatsworth Communications
+44 (0)207 440 9780
contact@chatsworthcommunications.com

Corda 2.0 is here

Following the release of Corda 1.0 in early October and the delivery of a stable API, allowing developers to build on Corda with confidence, we are proud to continue the Corda journey with the release of Corda 2.0

In addition to minor security and bug fixes, Corda 2.0 delivers the addition of Observer Node functionality. This feature allows transactions to be forwarded to third parties such as relevant regulators for addition to their vaults. More information on this can be found in the Corda documentation, while a demonstration of the functionality is provided in the Crowdfunding sample.

The addition of new functionality to the API (without breaking any existing APIs, of course) means a major version number bump for this release, from 1 to 2, something we expect will happen regularly.

R3 and Microsoft expand partnership with deeper tech integration

New York/London/Singapore and REDMOND, Wash. – November 20, 2017 – R3 and Microsoft Corp. have expanded their strategic partnership to further accelerate adoption of R3’s Corda platform amongst businesses using Microsoft Azure. Having worked together since April 2016, the partnership will now offer deeper integration of the Corda platform with Azure making it easier for businesses to deploy underlying computing resources for blockchain networks. The expansion reaffirms Azure as R3’s preferred cloud provider.

R3 and Microsoft also aim to offer effortless deployment of Corda and Corda networks on Azure. This new functionality will enable businesses to quickly and easily set up Corda nodes and networks, reducing time and cost of deployment which are major considerations when adopting distributed ledger-based platforms.

With the deeper integration, businesses can also leverage Corda’s advanced integration capabilities to enable seamless integration of Azure services with Corda, including SQL Database and in the future other services such as Azure Active Directory, Key Vault, and Express Route. This will enable developers to design and build apps on Corda, known as CorDapps, using familiar tools.

David E. Rutter, CEO of R3, comments: “Deepening our relationship with Microsoft helps put Corda at the fingertips of millions of businesses across the globe. The platform gives companies complete freedom to develop and deploy innovative DLT-based solutions to their customers’ specific challenges. Integrating Corda with Azure streamlines and simplifies the development and deployment process and ultimately helps businesses expedite commercial deployment of CorDapps.”

R3 recently launched version 1.0 of Corda, achieving stability of the platform’s core application programming interface (API). This means CorDapp developers on Azure can build on Corda v1.0 safe in the knowledge that any future improvements and enhancements to Corda will not disrupt their work.

Peggy Johnson, executive vice president, Microsoft, comments: “Blockchain technology has the potential to unlock incredible value for businesses across industries. By expanding our partnership with R3, we’re making it easier for our customers to harness blockchain technology on Microsoft Azure so they can focus on building real-world business solutions, applications and pilots.”

More than 60 partners including large Independent Software Vendors and System Integrators from regions around the world have selected Corda to develop solutions across a wide variety of industries.  Corda provides a technology platform that enables organizations to create unique solutions unlocking new growth potential.

Dilan Rajasingham, Head of Emerging Technology at Commonwealth Bank of Australia, comments: “As an early investor in R3, Commonwealth Bank has developed deep experience in distributed ledger technologies, and our early adoption of cloud technology has delivered significant benefits to our organisation and our customers. Deeper integration of the Corda platform with Azure will enable CBA to better scale our distributed ledger experimentation and help keep CBA at the forefront of technology innovation in financial services.”

About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.

About R3
R3 is an enterprise software firm working with over 100 banks, financial institutions, regulators, trade associations, professional services firms and technology companies to develop Corda, its distributed ledger platform designed specifically for businesses. R3’s global team of over 140 professionals in nine countries is supported by over 2,000 technology, financial, and legal experts drawn from its global member base. R3 recently announced the successful completion of the first 2 of 3 tranches in a Series A fundraise valued at USD 107 million.

Corda is the outcome of over two years of intense research and development by R3 and its members and meets the highest standards of the banking industry, yet is applicable to any commercial scenario. It records, manages and executes institutions’ financial agreements in perfect synchrony with their peers, creating a world of frictionless commerce.

Press contacts:

R3:
Nick Warren/Nick Murray-Leslie
Chatsworth Communications
+44 (0)207 440 9780
contact@chatsworthcommunications.com

Charley Cooper
R3
+1 929 329 1550
charley@r3.com

Microsoft:
Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777, rrt@we-worldwide.com

BLOG: The Corda Partner Network

R3 Blog written by Todd McDonald

Have you ever asked yourself what makes a platform powerful? What allows one to succeed while another fails? And why the customer is willing to put their money down when faced with so many competing options? Inevitably, it doesn’t come down to just the underlying technology, although that piece is critical.

Over the past two years, R3 has developed a client base of over 100 global banks, buy-sides, insurance companies, technology companies, central banks, regulators, and trade associations – the ultimate end users of our Corda platform. Yet the focus for any aspiring platform needs to extend beyond the user; there must be value for both users and application builders. Bill Gates said it best: “A platform is [in place] when the economic value of everybody that uses it exceeds the value of the company that creates it.” Modern platforms, like iOS and Salesforce, are maniacally focused on nurturing a two-sided ‘Platform Economy,’ where end users are delighted and application partners are empowered.

A platform’s strength comes from a flourishing ecosystem of partners: developers, support providers, application builders, systems integrators, independent software vendors and various other participants. They must see themselves as true partners, with their success and the platform’s success inextricably linked.

R3 recognized early on the potential for our partners to generate significant revenue by contributing to an ecosystem of interoperable applications built on our Corda platform. Over the last two years, R3 has worked feverishly to build a vibrant community of partners and provide them with the support and freedom needed to develop innovative solutions that solve their (and our) customers’ specific challenges. We were proud to launch our Corda 1.0 platform earlier this year, and today I am excited to announce our platform ecosystem: the Corda Partner Network.

Our initial network of over 60 partners is comprised of a diverse array of companies across industries and regions. But each have a shared goal – to harness the power of Corda’s unique take on blockchain technology to deliver distributed applications and services in new, more nimble ways that deliver lower costs, improved capital efficiency and new revenue opportunities to end users.

Our partners are working with us in a number of ways: with some such as Microsoft, Intel and Hewlett Packard Enterprise, Corda is being integrated with their technology; some are building end-user applications on Corda, such as Calypso, Finastra, SIA and TradeIX; others are delivering custom-built solutions for clients on Corda and some are advising their clients on the business potential of the platform. As an open and inclusive platform, Corda’s common protocol ensures seamless interoperability between all these applications and services, just as our clients demand.

We are delighted to see this vision now become a reality, with commercial deployment of the first applications based on Corda – known as CorDapps – on track for early 2018. Working together with our partners, we are rapidly moving towards our goal of making Corda the leading blockchain platform for digital cash, assets and trade. And we would love for you to join us. Please contact us at partner@r3.com to learn how your company can become part of our Corda Partner Network.