Patent filed by the consortium of the startup R3
The filing filed by the startup R3 must detail the work done by the company to make more dynamic agreements between financial institutions under the DLT (Distributed Ledger technology), and explain the system of monitoring, maintenance and update agreements, thanks to DLT technology.
This patent will give in the future, the possibility of financial transactions such as cash exchange contracts or uses for office listings etc …
R3 company explained on occasion:
“This offers the opportunity to transform the financial business economy, for example in post-trade services, by setting up a new common platform for recording financial events and the process of dealing with business: the one where a single logical global book is authoritative for all agreements between registered companies, even though relationships and registered obligations may remain between these companies. “