Barclays, HSBC Join Settlement Coin as Bank Blockchain Test Enters New Phase
Utility Settlement Coin is moving into its third phase – building a kind of blockchain-based fiat testnet – with six new partners.
U.K. bank Barclays and startup Clearmatics will hold a hackathon next month to spur ideas for blockchain interoperability.
Blockchain finance firm Clearmatics has closed a $12-million Series A funding round led by Route 66 Ventures.
Outspoken blockchain analyst Tim Swanson is joining Clearmatics, one of the top rivals to his former employer R3.
Blockchain tech provider R3 tried to take over one of the most well-known bank blockchain projects this June. The only problem? It didn't work.
Both new and founding members of the Utility Settlement Coin project think its work could lead central banks to adopt blockchain-based fiat currency.