R3, the Enterprise Blockchain Software Firm Hosted CordaCon

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R3, the enterprise blockchain software firm, hosted a three-day virtual conference “CordaCon”. The event, held on 20-22 October, focused on trends in blockchain, digital transformation and the latest applications built on Corda. The conference featured leading blockchain technology experts from R3, HSBC Ventures, Contour, CryptoBLK Limited, Amazon Web Services, Infosys, Capgemini, DBS, Nasdaq and many more.

The virtual conference brought together together 5000+ industry leaders, technologists, and Corda enthusiasts. During the three day conference the participants learned about product news and updates from the R3 management and development teams, and took a dive into real world applications built by the vibrant ecosystem.

One of the key announcements made at CordaCon was R3’s agreement with e-Title Authority, a Singapore-based software developer, to acquire its legal and technological framework for digitalization of Bill of Lading, the central title document underpinning trade operations globally. The acquired framework will be used to roll out an electronic Bill of Lading (“eBL”) solution Powered by Corda. The new eBL toolkit, natively built on Corda, will enable significant operational optimization opportunities for R3’s clients in trade and trade finance industries.

Another milestone development for R3 is an official confirmation of collaboration with IBM, both for IBM to provide R3’s enterprise blockchain to its clients and for Corda Enterprise to be available on IBM LinuxONE across the hybrid cloud and on-premises, especially in the area of digital asset custody.

“Blockchain is fast emerging as the technology of choice to drive digital transformation and R3 and IBM will provide access to the privacy and security inherent in blockchain technology underpinned by IBM LinuxONE,” said R3’s CEO David Rutter. “This combined with the deeply knowledgeable team within IBM Services’ new R3 center of excellence, can empower customers to level up their digital transformation drive.”