The idyllic paradise known as the R3 blockchain consortium is going through a very rough patch right now. Not one, but two of its most prominent members have turned their back on the project. This news comes as quite a surprise, considering the consortium is planning to open source their Corda solution in a few weeks. But both Goldman Sachs and Santander have had enough of this venture and pulled out immediately.
Trouble In Paradise For The R3 Consortium
Most people know the R3 blockchain consortium as a collaboration between the world’s largest banks. As distributed ledger technology gains more traction, no one wants to be left out in the innovation race. All of these partners have joined forces to create industry-wide standards and solutions. The upcoming release of Corda is the first project developed by this group of enthusiasts and developers.
But now and then, there will be disputes among members who no longer see eye-to-eye with the rest of the consortium. For both Goldman Sachs and Santander, that time has come, as they both exited the consortium last night. Goldman Sachs is one of the founding members of R3, which makes