Continues momentum in adding new participants, wondering whether at some point the complexity is not getting to big with 40 + participants, time will tell!
The blockchain startup R3 has taken advantage of China's growing influence in fintech innovations and signed up the first Chinese institution to its consortium of big financial firms. Ping An is the largest non-state-owned financial company in China Financial conglomerate Ping An Financial Services Group has become a member of the R3 consortium – which is aiming to develop distributed ledger-based applications for financial markets – according to a May 24 statement. Ping An joins more than 40 large banks from around the world, including Goldman Sachs, JP Morgan, HSBC, Deutsche Bank, UBS and Barclays, already collaborating on blockchain experiments through R3.
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