Goldman Sachs backs out of blockchain consortium

22 November 2016 | 2 minutes read

Goldman Sachs has stepped away from the blockchain consortium it helped found, according to media reports. The Wall Street major was one of nine original members of R3, a consortium formed to leverage blockchain for operational efficiency in payments and settlements. The group has since grown to 70-plus paying members. Goldman Sachs’ decision to leave was driven by conflicting views…

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