R3 assembles expert technology team

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    Financial innovation firm R3 announced the team tasked with managing the design and delivery of advanced distributed ledger technologies to global financial markets in partnership with its consortium of member banks.

  • The R3 collaborative model is the best way to quickly, efficiently and cost effectively deliver these new technologies to global financial markets.
  • The team brings together a unique set of expertise in electronic financial markets, distributed ledgers and blockchain technologies.
  • In his fifteen-year career at IBM he specialized in the application of new technology in banking and financial markets.
  • Ian Grigg, Architecture Consultant: Ian is a financial cryptographer with 20 years experience building secure ledger systems for the internet.


London’s garden bridge: the end of the road?

  • But Transport for London (TfL) and the Garden Bridge Trust have carried on regardless, egged on by powerful Bullingdon backers, mayor Boris Johnson and chancellor George Osborne.
  • The president of the Metropolitan Public Gardens Association has described it as a “vanity project of a windswept garden on an unneeded bridge”, while leading bridge engineers have called it a “private garden platform pretending to be a bridge”.
  • The National Audit Office has been ordered to examine the “rationale” behind George Osborne’s pledge of £30m of Treasury funding for the bridge.
  • Their correspondence over funding the bridge was recently uncovered by the Architects’ Journal, in which Osborne spelled out his £30m grant and urged Johnson to “do the same”.
  • Opponents have objected to the £60m of public funding and the £3.5m annual maintenance costs, to the restricted access for bikes and to the murky procurement process, which saw Thomas Heatherwick appointed ahead of other experienced bridge designers.