R3 is the developer of the enterprise blockchain Corda which is being used across a broad range of enterprise use cases. It has fast become one of the most dominant blockchain platforms in the insurance industry, according to the company, with many of the largest and most prominent insurance blockchain consortia building their applications on Corda.
London-based R3 was established to empower businesses to capitalise on blockchain technology. Corda is an enterprise-grade blockchain platform that allows businesses to transact directly and in strict privacy, reducing transaction and record-keeping costs and streamlining business operations.
Corda unlocks new potential for firms to expand their business, deliver new products to market faster, and transform the industries they operate in.
Headquarters: London, UK