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Emali launches training course for R3’s Corda DLT platform in Hong Kong and Southern China

**Simplified and Traditional Chinese below

November 09, 2017 (New York/London/Singapore) – Emali has been designated a certified trainer on enterprise software firm R3’s Corda distributed ledger technology (DLT) platform. Emali will run training classes in Hong Kong and Southern China in English, Cantonese, and Mandarin. The first course will begin in November. Corda is an open source, blockchain-inspired DLT platform that removes costly friction in business transactions by enabling institutions to transact directly using smart contracts, while ensuring the highest levels of privacy and security. It is the outcome of over two years of intense research and development by R3 and its 100+ members. David E. Rutter, CEO of R3, comments: “We’re pleased to partner with Emali to expand our Corda training capabilities in Hong Kong and Southern China. The demand has been overwhelming. We’ve seen a significant growth in RFPs and independent software vendors building on Corda in the Pearl River Delta, and this training will assist them to build their base of Corda developers.” Lawrence Ma, CEO of Emali, comments: “We are also very pleased and honoured to be a certified trainer on R3’s Corda platform in Hong Kong and Southern China. We have been building DLT applications using Corda and are looking forward to help produce more Corda talents for enterprises in the Pearl River Delta.

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.

About Emali

 Launched in August 2016. Emali is a Hong Kong based blockchain and distributed ledger technology startup. Emali is currently working on developing DLT applications in the Fin/Insur/RegTech sectors specializing on identity management, insurance claim management, fraud detection and regulatory registries. Together with our clients, we focus on re-imagining fundamental business interactions, inventing new interactions and creating streamlining process that establish trust, accountability and transparency. Emali is also actively engaging local universities and trade associations to provide training courses and seminars in Blockchain and Distributed Ledger Technology: Technology, Business and Legal.

Press contact:

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

Emali:
Daniel Chan
Operations & Communications
Emali
Tel: +852 62925702
Email: daniel@emali.io

 (Simplified Chinese) 

Emali南中国推出R3公司的Corda分布式账本技术(DLT)平台培训课

 201711月09 (纽约/伦敦/新加坡) – Emali被指定为企业软件公司R3的Corda分布式账本技术平台的认证培训师。 Emali将用英语、广东话和普通话在香港及华南地区开展培训。 十一月举办第一期课程。 Corda是一个在区块链启发下的开源分布式账本技术平台,在确保最高级别的隐私和安全性的同时,平台上各个机构之间可以使用智能合约进行直接交易,消除了业务交易中可能会付出高昂代价的纠纷。 这是R3及其100多名组织成员经过两年多的深入研究和开发的成果。 R3首席执行官David E. Rutter评论说:“我们很高兴能与Emali合作,扩大我们在香港及华南地区的Corda培训能力。 目前的培训需求非常旺盛。 我们看到在珠江三角洲地区,基于Corda的需求建议书(RFP)和独立软件供应商在数量上有了显著增长,这次培训将有助于他们建立Corda程序员基地。“ Emali首席执行官马君豪评论道:“我们也非常高兴和荣幸能成为R3在香港及华南的Corda平台认证培训师。 我们一直在使用Corda开发分布式账本应用,并期待能在为珠江三角洲地区的企业提供更多的Corda人才方面有所帮助。

关于R3

R3是一家企业软件公司,与超过100家银行、金融机构、监管机构、行业协会、专业服务公司和科技公司合作开发Corda — 专门为企业设计的分布式账本技术平台。 R3的全球团队在9个国家拥有140多名专业人员,并得到了来自其全球成员中2000多名技术、财务和法律专家的支持。 R3最近宣布成功完成了A轮三级中前两级的价值1.07亿美元的融资。 Corda是R3及其成员经过两年的积极研究和开发的结果,它符合银行业最高标准,且适用于任何商业场景。 它完美同步地记录、管理和执行机构及其交易对手方的财务协议,创造了一个无纷争的商业世界。

关于Emali

成立于2016年8月,Emali是一家基于香港的区块链和分布式账本技术的创业公司。 Emali目前正致力于在金融科技/保险科技/监管科技领域,开发专门从事身份管理、保险索赔管理、欺诈检测和监管注册的应用。 与客户一起,Emali专注于重新构建基本的业务往来,发明新的互动并创建精简流程,从而建立信任、问责制和透明度。 Emali还积极地与当地大学和行业协会合作,提供区块链和分布式账本技术方面有关科技、商业和法律的培训与研讨会。

新闻联系人:

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

Emali:
陈作人
Emali
+852 62925702
daniel@emali.io

(Traditional Chinese) 

Emali在南中國推出R3公司的Corda分佈式賬本技術(DLT)平台培訓課程

2017年11月09日 (紐約/倫敦/新加坡) – Emali被指定為企業軟件公司R3的Corda分佈式賬本技術平台的認證培訓師。

Emali將用英語、廣東話和普通話在香港及華南地區開展培訓。十一月舉辦第一期課程。

Corda是一個在區塊鏈啟發下的開源分佈式賬本技術平台,在確保最高級別的隱私和安全性的同時,平台上各個機構之間可以使用智能合約進行直接交易,消除了業務交易中可能會付出高昂代價的糾紛。這是R3及其100多名組織成員經過兩年多的深入研究和開發的成果。

R3首席執行官David E. Rutter評論說:“我們很高興能與Emali合作,擴大我們在香港及華南地區的Corda培訓能力。 目前的培訓需求非常旺盛。 我們看到在珠江三角洲地區,基於Corda的需求建議書(RFP)和獨立軟件供應商在數量上有了顯著增長,這次培訓將有助於他們建立Corda程序員基地。“

Emali首席執行官馬君豪評論道:“我們也非常高興和榮幸能成為R3在香港及華南的Corda平台認證培訓師。 我們一直在使用Corda開發分佈式賬本應用,並期待能在為珠江三角洲地區的企業提供更多的Corda人才方面有所幫助。

關於R3
R3是一家企業軟件公司,與超過100家銀行、金融機構、監管機構、行業協會、專業服務公司和科技公司合作開發Corda — 專門為企業設計的分佈式賬本技術平台。 R3的全球團隊在9個國家擁有140多名專業人員,並得到了來自其全球成員中2000多名技術、財務和法律專家的支持。 R3最近宣布成功完成了A輪三級中前兩級的價值1.07億美元的融資。

Corda是R3及其成員經過兩年的積極研究和開發的結果,它符合銀行業最高標準,且適用於任何商業場景。它完美同步地記錄、管理和執行機構及其交易對手方的財務協議,創造了一個無紛爭的商業世界。

關於Emali
成立於2016年8月,Emali是一家基於香港的區塊鍊和分佈式賬本技術的創業公司。 Emali目前正致力於在金融科技/保險科技/監管科技領域,開發專門從事身份管理、保險索賠管理、欺詐檢測和監管註冊的應用。與客戶一起,Emali專注於重新構建基本的業務往來,發明新的互動並創建精簡流程,從而建立信任、問責制和透明度。 Emali還積極地與當地大學和行業協會合作,提供區塊鍊和分佈式賬本技術方面有關科技、商業和法律的培訓與研討會。

新聞聯繫人:

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

Emali:
陳作人
Emali
+852 62925702
daniel@emali.io

R3 launches version 1.0 of Corda distributed ledger platform

  • Codebase developed in collaboration with 50 financial services and technology institutions

October 3, 2017 (New York/London/Singapore) – Enterprise software firm R3 today launches version 1.0 of its Corda distributed ledger platform, signalling a major milestone for the development and implementation of applications on the platform, known as CorDapps. The platform’s codebase has been developed in collaboration with 50 R3 member firms.  Corda v1.0 follows the open source release of the platform in late 2016. Having achieved stability of Corda’s core application programming interface (API) the foundation of the platform is now complete, meaning CorDapp developers can build on Corda v1.0 safe in the knowledge that any future improvements and enhancements to the platform will not disrupt their work. Corda is a blockchain-inspired platform that removes costly friction in business transactions by enabling institutions to transact directly using smart contracts, while ensuring the highest levels of privacy and security. It is the outcome of over two years of intense research and development by R3 and its 100+ members. As an open source platform, Corda can be built on by third party providers who can then operate and earn revenue from distributed ledger applications using the platform’s common code and protocols to ensure unprecedented interoperability. This offers a direct alternative to the disparate legacy systems financial services institutions are forced to use today, creating unnecessary costs, risks and inefficiencies.  Richard Gendal Brown, CTO of R3, comments: “This is a significant moment for the evolution of distributed ledger technology. Most other platform providers don’t commit to this. Their early adopters risk being trapped in evolutionary dead ends as the platform evolves in incompatible ways. With Corda v1.0 we are protecting CorDapp developers from this fate – this is the firing of the “starting gun” for real development and deployments to start in earnest.”

David E. Rutter, CEO of R3, comments: “Corda is the most inclusive, open platform in the marketplace, and the launch of v1.0 signals to our rapidly growing ecosystem of partners that they can build on the platform with complete confidence. Time and budget can be invested in learning about, prototyping with and implementing Corda to realise both theirs and their clients’ business vision for DLT. The road to commercial deployment starts here.”

 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 contact:

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

Charley Cooper
R3
+1 929 329 1550
charley@r3cev.com

Introducing Corda 1.0

By: Richard Gendal Brown

Corda’s “API Stability” promise is an industry-first and means you can build on Corda with confidence. The roadmap for large-scale DLT deployment is now clear: it’s time to make your choice.

Corda 1.0 is here!

Corda – the world’s only distributed ledger platform designed and built from the ground up to record, manage and synchronise contracts and other shared data between trading partners – reached a critical milestone today: version 1.0 and, with it, core API stability.

API stability marks the point at which Corda’s contract with application developers is made firm: you can develop your applications on Corda 1.0 and, as we continue to enhance and mature the platform, you can upgrade with confidence, safe in the knowledge that the core APIs won’t change underneath you.

This is a critical landmark on the industry’s path to widespread adoption of enterprise blockchain technology and DLT and it is a promise that no other competing platform has made.

Build on Corda with confidence.

But why does this matter?

It matters because Corda solves a hitherto intractable problem in commerce.

The problem is easy to state and hard to solve. Every major firm around the world has built systems to manage their relationships and contracts with their trading partners. And each of their trading partners has done the same. Information is recorded by each of them multiple times, in multiple places, in multiple different ways and the information just never lines up properly. Each system is different. Each system has different bugs. And it costs an immense amount of money to keep them in sync and deal with the problems that arise when they’re not.

And this means that business leaders simply can’t move as fast as they need to in today’s world.

Here are some examples of the problem:

Corda is the only distributed ledger platform designed from the ground up to solve these problem by addressing the root cause.  With today’s version 1.0 release, we tell the world’s developers that it’s time to make your choice: build on Corda’s stable core API and create the next generation of distributed applications!

I wrote in 2015 that the wave of innovation that had been catalysed by Bitcoin was actually two phenomena: the emergence of decentralised crypto-assets and an entirely new way of solving a hitherto intractable problem in finance and commerce more generally. With Corda 1.0, this second blockchain revolution is now upon us.

With Corda, multiple parties who don’t fully trust each other can nevertheless collaborate to manage their shared data and this can have big implications for commerce.   It means we can envisage a future where I can look at my books and records and know, for sure, that what I see is what you see.

And if I can do that then we can transact in confidence, making business decisions in real-time, automating our joint activities with certainty: the promise of smart contracts. Facts recorded by the ledger can be regarded as authoritative rather than “shadows” of authoritative data held elsewhere, enabling settlement to take place directly across the platform.

Commerce without friction.

This is the opportunity Corda was designed for and, with Corda 1.0, the world’s developer community now has access to an open-source platform with a solid foundation that will take you with it as it continues to mature.

Corda’s unique design is the result of an intense period of research, development and design that included hundreds of senior technologists from across the global financial system, and the open source community, who have been actively engaged with Corda since we open-sourced it in November 2016.  Indeed, it was through our open source community that we discovered that Corda is applicable to far more than just finance! We’re seeing use-cases in government, insurance and beyond.

And, by working with experts and leaders at our extensive list of partners at firms such as Microsoft, HPE, Cognizant, Calypso, our community gains from the collective wisdom and shared learning that comes from a true collaborative community.

So why did the initiatives above (and so many more) choose to build on Corda, in many cases, switching to Corda after evaluating other technologies? We hear several reasons repeatedly given:

  • “My business problem is all about keeping records in sync with my trading partners and automating the activity that surrounds them.”
  • “My business dealings are complex; agreeing new terms requires negotiation… I need to be able to communicate back and forth with my trading partners.”
    • Corda’s unique flow framework makes it really simple to automate workflows between parties without writing complex event-driven code or dealing with asynchronous callbacks. No other platform has anything like Corda’s flow framework. The flow framework is what makes this decentralised, confidential netting solution so powerful.
  • “I need to integrate with existing systems easily.”
    • Corda writes its data directly into a relational database for you to query and uses well-understood and time-tested integration tools such as message queues (MQ) to move information around. Corda is built to integrate..!
  • “I need to deliver my solution quickly.”
    • Corda is designed for developer productivity. Developers can write their apps in Java – which over seven million developers know and the platform has been engineered for a thoughtful and delightful developer experience. This is enterprise software that developers actually like to use!
  • I don’t want to have to build the solution myself.”
    • Corda has a thriving ecosystem of software vendors and consultancies who have independently discovered the platform and are choosing to build their applications and delivery practices around it. Our partner team can introduce you to a firm who can meet your needs.
  • “I don’t want to be left on an evolutionary dead-end if I adopt DLT early.”
    • With Corda 1.0, you know your future is protected; you can upgrade to new versions of Corda and your applications won’t need to be extensively rewritten. What’s more, with 1.0, R3’s successful funding round, Corda’s large and growing open-source community and our extensive network of partners, Corda is now established as one of the few general-purpose DLT platforms that will still be standing when the market consolidates.
  • “I need my business dealings to be private.”
    • Corda is designed only to share data with those with a legitimate need to know – just the information needed to allow them to validate the provenance of facts on the ledger and no more: provenance with privacy. And Corda is designed from day one to work with Intel’s SGX privacy technology as it rolls out.

Get started with Corda today

So, if you haven’t already, now is the time to jump in to the Corda community and on LinkedIn.  The whole team is on slack.corda.net and you can get started here!

Twelve banks develop trade finance app on R3’s Corda DLT platform

August 07, 2017 (New York/London/Singapore) – Twelve banks have passed a major milestone in the digitisation of documentary trade finance. They have developed a prototype application on R3’s distributed ledger platform, Corda, that has the potential to significantly reduce inefficiencies and costs by streamlining the processing of sight letters of credit.

Bangkok Bank, BBVA, BNP Paribas, HSBC, ING, Intesa Sanpaolo, Mizuho, Natixis, RBS, Scotiabank, SEB and U.S. Bank have been collaborating with R3 and technology partner CGI over the last year on numerous trade finance projects, building and testing applications. Using lessons learnt from these projects, the group has now developed a trade finance application on Corda that incorporates shippers and carriers. Several R3 member institutions now intend to pilot the platform with the goal of a making it widely available in 2018.

David Rutter, CEO of R3, comments: “Like so many of the processes and systems banks are forced to use today, the infrastructure that supports trade financing is extremely outdated and prone to risk and error. The work we have been doing with our members over the last year has shown that this challenge no longer needs to stand in the way of giving businesses access to the services they need to trade across borders. The application we have built is the first of its kind and we look forward to rolling it out to our Corda users across the world.”

Marguerite Burghardt, Global Head of the Trade Competence Center at BNP Paribas, comments: “While LCs have not progressed as much as the open account business in recent years, they remain a good way to finance trade and mitigate risks. If the industry manages to make the whole process fully digital, transparent and STP, this could mean renewed development and wider access to this financing technique.”

Vivek Ramachandran, Head of Growth and Innovation, Commercial Banking at HSBC said: “The prototype integrates a standardised user interface that allows carriers and shipping companies to prepare and validate shipping details when they onboard goods and deliver them to the buyer – even if they are on a different technology platform. We believe that offering optionality in terms of the systems and technologies participants use, and ensuring interoperability between these technologies, will significantly advance efforts to digitise trade. To further enhance the prototype, we’ll continue to work with established and emerging title registry providers to ensure this solution can provide a secure and legal title transfer of goods in a live environment, and anticipate piloting the app on the R3 network before the end of the year.”

Ivar Wiersma, Head of Innovation Wholesale Banking at ING said: “This application has the capacity to make the overall trade flow, currently hampered by outdated processes, faster and more cost effective. This is a great step forward in the process of digitalising and standardising the documentary trade finance process from start to finish, connecting multiple parties in the trade finance chain with the feature of interoperability of the different technologies these parties use.”

Jim Bidwell, Head of Trade Services Product Management at RBS, said: “Distributed ledger technology has huge potential to improve customer experience and reduce costs across Trade Finance, which has remained largely unchanged for many years. This initiative is a great demonstration of how we can collaborate to develop innovative solutions for our customers.”

Craig Weeks, Senior Vice President and Manager of U.S. Bank’s International Banking Group, said: “We’re excited about the potential of distributed ledger technology to increase transparency and efficiency across the trade finance lifecycle. This work has proven the viability of the technology to effectively manage the process and we’re very much looking forward to testing this in an operational setting.”

R3’s distributed ledger platform, Corda, has been built specifically for the financial services industry. The technology offers the ability to simplify the complex links and networks involved in the trade and trade finance market by providing a shared and synchronised database of transactions between businesses across geographies.

Despite the growth of open account business, traditional trade finance remains vitally important, particularly to facilitate international trade. According to the International Chamber of Commerce (ICC), commercial letters of credit still account for 38% of the trade finance product mix. In an effort to meet customer demand and address growing margin pressures, banks have been collaboratively developing a solution to drive greater efficiencies, reduce cost and simplify today’s existing processes. 

About R3

R3 is an enterprise software firm working with over 80 banks, financial institutions, regulators, trade associations, professional services firms and technology companies to develop Corda, its distributed ledger platform designed specifically for financial services. R3’s global team of over 110 professionals in 9 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. With Corda, participants can transact without the need for central authorities, creating a world of frictionless commerce.

Press contact

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

The Weekend Read: Mar 26

,

by Todd McDonald

When they say ‘Blockchain’ just close your eyes and think ‘DLT DLT DLT’…

First up, some Corda love. This Australian Financial Review article (paywalled) highlights how our bank partner CBA used Corda in collaboration with their customer, Colonial First State, and a delivery partner, Hewlett Packard Enterprise, to show how it could help solve a key business problem of capital costs:

Colonial First State is re-engineering the process of buying units in the $2.2 trillion market for managed funds in a move it says will “dramatically” reduce the amount of capital banks will have to hold against wealth operations. A recent experiment with Commonwealth Bank of Australia’s emerging technology team and Hewlett Packard Enterprise using the R3 consortium’s Corda ‘distributed ledger’ allowed Colonial to eliminate arduous paper application process for managed funds and the three-day wait for the delivery of units.

Corda, which is being developed by a consortium of global banks, can remove counter-party risk for intermediaries like CFS by allowing assets to be exchanged and transactions settled instantaneously. It also provides transparency on what each counter-party holds across geographies. By removing the risk of the issuer defaulting or the investor failing to settle, banks will be able to reduce the amount of regulatory capital required to provide cover for those risks.

“If [a blockchain] was adopted locally, regionally or globally, the capital the industry would need to hold could reduce dramatically,” CBA’s group executive for wealth management, Annabel Spring, told the APAC blockchain conference in Sydney last week.

CBA is confident about Corda’s security protocols, which have been designed with input by dozens of banks around the globe. In the CFS trial, the units were transferred cryptographically with keys in the form of PIN numbers required to access the system through mobile apps.

We also got a nice shout out by our friend Michael Dowling of IBM with this in depth post on the evolution of Corda, along with some reference to the recent blockchain-not-blockchain kerfuffle. And since we have been, ahem, a few weeks between posts, here are some ‘catch up’ blockchain-y links:

And finally, a big congrats to ATB Financial as our newest Canadian member!

RegTech (cont.)

R3 was happy to announce another member recently, as we welcomed the State of Illinois to our growing list of Regulator Members. Read about this here and here, along with their overall plans to leverage DLT. Our CEO David Rutter and R3 world traveller Isabelle Corbett followed up with this conversation with CoinDesk that lays out some of the concepts behind the R3 ‘RegNet’.

The efforts and interest of regulators extends across the US, both at the State (see Delaware is Drafting Law That Would Recognize Blockchain Records) and Federal level; Acting (and now Nominated) Chairman of the CFTC J. Christopher Giancarlo recently gave a speech on his overall agenda. Of note was the section dedicated to FinTech, both due to its substance and to the fact that the Chairman gave the topic proper airtime even with his quite package agenda. Full text is here, quick pull quote below:

[M]arket regulation by the CFTC has not kept pace. In too many ways, it remains an analog regulator of an increasingly digital marketplace, curtailing its effectiveness in overseeing the safety and soundness of markets. But it doesn’t have to be this way, especially in an industry that is synonymous with innovation. The CFTC must be a leader in adopting the “do no harm” approach to financial technology similar to the US approach to the early Internet. We must cultivate a regulatory culture of forward thinking.

Couple the above with this post from ISDA on the ‘past and future’ of ISDA agreements, particularly on the role of Master Agreements in the world of smart contracts. As a reminder, our third Smart Contract Template Summit (suggestions for a new name welcome!) will be coming up this June.

MAS continues to push an aggressive fintech agenda of their own. A few weeks back, MAS announced the successful completion of the interbank payments projects that they executed with R3 and a collection of local banks. See here and here. And this past week they announced more details on their plan to roll out a national KYC utility.

Another organization at the intersection of regulation, infrastructure and fintech is CLS. This IBTimes article gives an interesting look at some of their thinking. The article also lays out the differences between ledger approaches, namely that of IBM’s Fabric vs R3’s Corda.

Get the Papers Get the Papers

Our Research team and amazing collaborators have been busy recently, with three new papers:

  1. R3’s Survey of Confidentiality and Privacy Techniques, with an accompanying piece in American Banker
  2. R3’s Report on Fedcoin with JP Koning
  3. R3’s Bridging the Gap Between Investment Banking Architecture and Distributed Ledgers by my good friend Martin Walker

Others have been busy as well. BIS recently release The Quest for Speed in Payments (summary article here), while G20 Insights released The G20 Countries Should Engage with Blockchain Technologies to Build an Inclusive, Transparent, and Accountable Digital Economy for All