Technology Magazine January 2018 | Page 35

which is targeting new ways to tackle global inefficiencies . The company has also partnered with Trek Therapeutics to develop a pilot project seeking FDA approval to track the quality of pharma transactions . In dialogue with a range of sectors , including energy and health , Ambrosus is committed to broadening its range of public sector stakeholders , widening its network of blockchain capabilities already endorsed at EU level .
Circle Once a Bitcoin exchange , and now a money services and payments platform , Circle is among the most well-funded blockchain startups , attracting $ 136mn in investment from the likes of Goldman Sachs and Baidu . In September 2015 , Circle received the first BitLicense issued from the New York State Department of Financial Services , and in April the following year the British government approved the first virtual currency licensure to Circle . It has since ceased to operate its Bitcoin wallet service ( the preferred customer exchange being Coinbase – the world ’ s second highest funded blockchain platform ), stating that it is “ now more than ever not a consumer Bitcoin exchange , and will continue to focus resources on global social payments and future nextgeneration blockchain technology ”. Circle still allows money transfers , with its blockchain focus targeting peer-to-peer payments and no-fee foreign payments services , which it calls ‘ free cross border payments ’.
However , CEO Jeremy Allaire claims the company is still the “ second largest crypto asset trader in the world ” using Bitcoin and Ether , directly trading over $ 1bn in cryptocurrency each month . “ We don ’ t enable direct consumer trading . We market make on all major exchanges and provide OTC ( over-the-counter ) liquidity services to institutions ,” explains Allaire . Circle is experiencing significant growth working with decentralised currencies as a behind-the-scenes player .
R3 R3 is endeavouring to develop distributed database technology for the financial sector while heading up a consortium of major bodies , including some of the world ’ s biggest banks and other investors . Founding members included the likes of J . P . Morgan , though the group experienced an
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