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Home News Thomson Reuters to Join R3 Blockchain Consortium - First Major Media House...

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

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 Kasteleinhttps://www.the-blockchain.com
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, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. 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 software and Technology. 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+ cities.
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