The enterprise software firm R3 has just announced its plans to to boost the adoption of Corda in Japan and the wider East Asian region. The blockchain consortium has teamed up with SBI Holdings, which joined R3 back in 2016 and is its largest shareholder.

Firms in Japan will now have access to Corda's ecosystem applications and will also be able to join over 300 of the world's largest companies, as partners of R3.

Blockchain company R3 has recently announced the launch of an open blockchain network to link participants in Corda (called Corda Network), to be run by a new non-profit independent of R3.

Yoshitaka Kitao, CEO of SBI Group
Yoshitaka Kitao, CEO of SBI Group

Yoshitaka Kitao, CEO of SBI Group, said:

SBI has been participating in consortium led by R3 from the earliest stage when they established the Lab and Research Center to try out blockchain technology. Large investment and commitment by SBI was decided when R3 formulated its vision for Corda, when we have come to notice its possibilities of having significant influence on the future financial infrastructures. Since then, the development of Corda has progressed smoothly and is now in the commercialization stage. In order to spread this innovative technology, it is essential to provide proper support. SBI strongly commits in the support for establishment of framework / partnership for the well-development of R3's Corda in Japan and East Asian Region.

David E. Rutter
David E.Rutter

David E. Rutter, CEO of R3, added:

SBI is one of Corda's biggest champions. With this partnership, we are able to come better together to support the growth of the Corda platform in the region. Through he combination of SBI's incredible influence, built up over decades of excellent service to their clients, and the rich ecosystem which we have fostered around Corda, I think we have a compelling and unique offer for firms in the region. We are building a network of the best institutions, technologists and services to ensure that Corda is the default choice for enterprise blockchain. This partnership is a crucial step on that journey.

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