Profiling R3: Ground zero for ‘Blockchain, not Bitcoin’

Ryan Todd
Enterprise blockchain software firm R3 has launched “Token SDK,” a developer toolkit to create native tokens on its Corda blockchain platform.The post R3 rolls out developer toolkit to create tokens on Corda blockchain appeared first on The Block.

This is an introduction to R3, the first of a multi-part series exploring the enterprise software company.

Disclosure: The author of this report previously worked at ConsenSys, which owns business lines that compete against R3.

About R3

Founded in 2014, R3 is a software company focused on developing distributed ledger solutions for enterprise. Considered ground zero for the “Blockchain, not Bitcoin” narrative, the firm has leveraged the hype and promise of “blockchain” to raise more than $120 million to develop its core DLT platform Corda and build a broad ecosystem of more than 200 partners across industries.

R3’s Corda, which has both an open-source and commercial distribution, is competing against several other solutions in the market including Linux open-source project Hyperledger (supported by both IBM and SAP), the broader Enterprise Ethereum Alliance (backed and promoted by ConsenSys), and JPMorgan’s Quorum (a permissioned variant of Ethereum), among others.

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