“BitcoinBrian” Wilson Intro With Richard Jacobs
July 13, 2017
Bitcoin IRA – The First IRA In Crypto
August 2, 2017

R3 Consortium – Improving Bank-to-Bank Transfers

“Blockchain” can be a vague, nebulous term, as guest Tim Swanson points out. For the purposes of our call, Swanson defines the word “Blockchain” as a kind of distributed ledger: a data structure that’s “cryptographically secured,” “tamper resistant,” and “stored in the cloud.”

This, in the broadest terms, is what R3 is building as a consortium. They’ve raised 100 million to create and deploy a distributed ledger for regulated financial institutions. This, so banks can settle their accounts and trade with one another. (The current system is slow and expensive.)

Hit play to learn more about the R3 Consortium, and hear more of Tim Swanson’s insights on fintech.

Richard Jacobs
Richard Jacobs

Richard Jacobs is a serial entrepreneur and author of “Secrets of Attorney Marketing Law School Dares Not Teach”.
Richard currently runs Speakeasy Marketing Inc, a marketing firm that provides done-for-you marketing for attorneys nationwide.
Richard is also a cryptocurrency and bitcoin enthusiast, and is now running bitcoin.com’s podcast.