R3 Blockchain Consortium Run Blockchain Tests with Chain, Ethereum, Eris Industries, IBM and Intel

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According to the Wall Street Journal, the R3 CEV Blockchain consortium completed its biggest test yet of online distributed ledger systems, the organization is due to announce Wednesday. Forty banks tested five Blockchain vendors and three cloud providers, to see how different combinations handled simulated transactions in commercial paper.

The consortium of the world’s biggest banks has completed their second known proof of concept experiment of Blockchain technology and with this time, trials spanned five different Blockchain solutions.

The five companies that worked on the trial included Chain, Ethereum, Eris Industries, IBM and Intel and the cloud infrastructure was provided by Amazon, IBM and Microsoft Corporation.

“This is the first time many ledgers have been run in parallel by many institutions in a rigorous, scientific way,” said Tim Grant, R3’s managing director and global head of its collaboration lab, in an interview with CIO Journal.

The tests pointed to areas CIOs should evaluate before choosing vendors, Mr. Grant said.

For example, some ledger architectures allow for more complex transactions than others, he said. “It’s not clear there’s a well-defined playbook in how to evaluate these technologies side by side. We want to help bring that clarity,” he said.

Next, R3 plans to conduct similar tests with the participation of government regulators and tests for integrating blockchains with banks’ legacy transaction systems, Mr. Grant said.

 

 

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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  • little-lucy

    R3 or developers are also using bots on the polo exchange to pump Eth..
    Its only has volume on one exchange polo where they use api bots to set price,
    They dont pay commission to polo so easy to pump & dump the coin.
    the other small exchanges just follow the trend.

    everyone should get on this to make easy money from trading, they pump it for a long time to set new highs to generate press which is good for the coin. nice to get market volume. key is not to get greedy & get out before they top as they sell at the top & take profits. if you dont get on time they will dump it & you lose a lot of money.

    Bots control the price range, the volume is not real, the same bot sells back & forth moving the price up, you cant short it, the volume goes up showing huge market cap that was not real as the same bot is just selling eth back & forth to itself.

    if you try to short the bot just replenishes those coins within half a second,

    thats why charting rules dont apply, have you seen the eth chart? nothing like it.

    Manipulation at its best.

    it gets pumped without any corrections, there is 77 million coins in circulation most of that is owned by the same people so the higher they take the price the more they sell to the top..

    that’s why its only on one exchange so Manipulation is easy, if it was on any other big exchange with high Bitcoin volume it wouldn’t be manipulated so easily.

    i actually agree with the developers not allowing the shorting on margin calls as if they didnt stop the shorts price would be lees than a 1$,

    its not fair to short the life out of something using margin when there is no demand yet, so you created the demand., as nobody knows about the coin, there is no real demand, the only way to create the volume & demand is to show people how much money they could make out of this in the next pump…

    its a much faster way to get market share creating fake volume showing a bullish trend to suck people in. its a ponzi but not a long term one just short term to get more genuine volume, pumping to get it noticed.

    you can see this for yourself on polo the only exchange with the volume, easy to see in the order book & you already noticed it.

    This tech has a great future they just want to make it happen faster using the price to get publicity which is working & i personally like it.

    if you can speed up the mass adoption using manipulation you should do it, happens in every market.

    take the bull by the horns & drag it up, why not…

  • Swapster_com

    Any results to compare the platforms?