Chinese Insurance Behemoth Ping An Joins Blockchain Consortium R3

Chinese Insurance Behemoth Ping An Joins Blockchain Consortium R3
ADVERTISEMENTSChinese Insurance Behemoth Ping An Joins Blockchain Consortium R3
Chinese Insurance Behemoth Ping An Joins Blockchain Consortium R3
Chinese Insurance Behemoth Ping An Joins Blockchain Consortium R3

Sharing is caring!

Ping An, the second largest insurance firm in China, Ping An has joined the R3 Blockchain Consortium which was formed late last year to work on creating standards for Blockchain technology.

“The addition of Ping An is another important milestone for R3 as we develop our member network to represent the interests of banks and financial institutions operating in markets around the globe,” said R3 chief executive David Ruther.

R3 is based in New York, with locations in London and San Francisco.

On March 3, 2016, R3 announced that it had completed a trial involving 40 banks held in the last two weeks of February, testing the use of blockchain solutions offered by Eris Industries, IBM, Intel and Chain to facilitate the trading of debt instruments. This was a follow-on to an 11-bank trial conducted earlier in January which used Ethereum hosted on Microsoft Azure.

R3 has grown from nine founding members to now more than 40.

Chinese Insurance Behemoth Ping An Joins Blockchain Consortium R3

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ citiies. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe.  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.

Visit Website
View All Articles
advertisements
Chinese Insurance Behemoth Ping An Joins Blockchain Consortium R3

Chinese Insurance Behemoth Ping An Joins Blockchain Consortium R3
Chinese Insurance Behemoth Ping An Joins Blockchain Consortium R3
Chinese Insurance Behemoth Ping An Joins Blockchain Consortium R3
Chinese Insurance Behemoth Ping An Joins Blockchain Consortium R3
Chinese Insurance Behemoth Ping An Joins Blockchain Consortium R3

This site uses Akismet to reduce spam. Learn how your comment data is processed.