R3 has just been exposed to financial crisis, and actually began to plan for listing?

hyip investor blog hongwei 2018-7-14 Crypto News 6 0 0

According to informed sources, blockchain software company R3 is considering listing. The company has partnerships with more than 200 industry giants including Intel, Microsoft, United Bank, and Wells Fargo.

The person familiar with the matter did not want to be named because the plan has not yet been made public. R3 has consulted a number of consultants on IPOs (initial public offerings) but did not make a final decision. It is reported that some buyers have contacted R3. David Rutter, founder and CEO of the company, will work with R3 investors such as Intel and Bank of America Group to determine the direction of R3.

The final decision of R3 will affect a number of companies in the financial, insurance and automotive industries. The blockchain application deployed by the company provides fast currency transfer and new features such as loans. Companies that have established commercial partnerships with R3 include ABN AMRO, Barclays Bank, Bain, Bank of New York Mellon and Deutsche Bank.

However, R3 did not disclose any information in the public statement.

Given Corda's success, the various speculations that followed were normal, but we don't currently choose an IPO. From the outset, our goal was to provide blockchain solutions for a wide range of business communities, and any decisions we make are based on this goal.

If R3 is actually listed, the new holders of the company, whether public investors or mergers and acquisitions, have a strong say in the next direction of R3 development. Perhaps some R3 users will no longer use their software because of the company's owner. As early as the end of 2016, Goldman Sachs and Santander Bank had left the banking union. The company said that since then, another 20 banks have joined.

R3 has offices in New York, London, Singapore and Brazil, and is accelerating its blockchain software market. In 2016, R3's Corda software open source version came out; this week, R3 released the commercial version of Corda, and added 7*24 hours of customer service and some additional features.

As for its revenue status, R3 refused to make too many comments, just saying that they have made huge gains. The company currently has 180 employees.

The advantages of blockchain technology include accelerating transaction time, and companies that do not deploy this technology can suffer huge financial losses.

Therefore, a survey conducted by Deloitte at the beginning of the year showed that 34% of the 1,000 companies surveyed were already developing blockchain systems, and 41% planned to deploy the technology within one year.

After leaving R3, banks such as JPMorgan Chase are still developing independent blockchains. At the beginning of the year, it was reported that JPMorgan Chase was considering splitting the project into an independent company to increase its attractiveness.

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