Distributed ledger technology

The consortium joins a growing list of cross-industry groups exploring uses for distributed ledger technology.

The money will be used to hire more people. It is also a morale boost for the group, which has suffered some high-profile recent defections.

The creators of a top "altcoin" are building privacy features for JPMorgan's blockchain platform.

The roughly $2 million investment comes as banks keep joining (and in some cases, leaving) various distributed ledger projects as they try to pick the winners in a young field.

Sovrin, a new blockchain for the creation and management of digital identities, may help credit unions save money and fight fraud while returning power to individuals.

Blockchain technology requires major change in people and processes and smaller banks need to prepare, according to Joe Dewey, an attorney at Holland & Knight and author of a new book about distributed ledger technology.

The bank has quit the R3 consortium, whose tech decisions were at odds with its own.

The global messaging network Swift and its fintech challenger, Ripple, have been vying for bankers’ hearts and minds for more than a year. Whoever prevails, their latest moves could bring needed change to how international banking is done.

The blockchain-based platform, set to launch later this year, promises to make gold trading around the world faster, more transparent and safer.

Five banks and the tech firms R3 and HQLA^X are using distributed ledger technology to make it easier to transfer liquid securities and collateral.