R3 has said it is working on templates for smart contracts
The China Merchants Bank has Friday become
the latest major financial player to join distributed ledger
technology startup R3’s partnership to develop
distributed ledger-based technologies for the financial
"Blockchain holds great potential for the
banking industry, and we look forward to working together with
R3 to deliver the innovation required to improve a range of
financial services and processes," Tianhong Zhou, general
manager of the IT Department at China Merchants Bank, said in a
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