Firm Owned by India’s Richest Man Turns to Blockchain for Trade Finance

Oil and gas conglomerate Reliance Industries – owned by India’s richest person, Mukesh Ambani – has used blockchain to conduct its first trade finance transaction. According to a news release from HSBC India shared with CoinDesk on Sunday, Reliance Industries has recently executed a “live” blockchain-powered trade finance transaction in collaboration with US-based global chemical…

RBS Blockchain Team Jumps Ship to Build New Startups Using R3’s Corda

A team from Royal Bank of Scotland (RBS) has left to start a blockchain “venture studio” called Chorum. Revealed exclusively to CoinDesk, Richard Crook, who headed up the RBS innovation team, takes with him engineers Mark Simpson, Ben Wyeth and Farzad Pezeshkpour. Their move is the latest in a string of departures by enterprise blockchain…