Thomson Reuters to Join R3 Blockchain Consortium – First Major Media House to Sign On

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Thomson Reuters (NYSE:TRI) has enlisted its services to help advance the use of Blockchain technology in the financial services industry by joining Blockchain consortium R3. The group’s latest initiative will see it join a composite of leading financial institutions that are already working to utilize the technology that helps underpin Bitcoin into financial markets.

The use of Blockchain technology is hardly a novel concept, however its use, scope, and affinity has grown in recent months, buoyed by the support of several leading venues. The addition of Thomson Reuters to this panel of companies is also huge, namely as it will constitute the first major data and technology provider to join the R3 consortium, which presently stands at over fifty-five banks and other financial institutions.

R3 is a Blockchain technology company that helps lead a consortium of financial companies in research and development of Blockchain usage in the financial system. The group is headquartered in New York City and was originally launched in 2014 by David Rutter. The consortium has its roots in 2015, which made the adoption of Blockchain technology its primary goal.

The advent of Blockchain technology could revolutionize markets, given its unique potential to foster a shared database in a transparent manner. With even more backing from high profile companies, the group has made sizable leaps and bounds in recent months.

Richard Kastelein

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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