R3 CEV has partnered with Britain's financial watchdog and two large banks to develop a blockchain-based application to improve the regulatory reporting of mortgage transactions. The system, built using R3's Corda blockchain, enables banks to generate automated delivery receipts for the regulator each time a mortgage is booked. The organizations hope that it can reduce the cost of the process and the risk of error.
Up Next in Blockchain
The Canadian Securities Exchange (CSE) plans to launch a blockchain-based clearing and settlement platform for token sales. The initiative will see the CSE move to list 'Security Token Offerings' through which blockchain-based assets that are explicitly securities would be offered and sold.
Canadian Securities Exchange Taps Blockchain for New Clearinghouse
Additional Wall Street money may start making its way into cryptocurrency investments soon. An American rating agency is set to issue grades for bitcoin and a host of altcoins this week, possibly opening the door for more fund managers to enter the field. Beyond market leader bitcoin, the rating agency will issue grades for ether, Ripple’s XRP, bitcoin cash, Litecoin, and many others.
U.S. Rating Agency to Issue Bitcoin and Cryptocurrency Grades
Bitcoin News - Avi Mizrahi