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R3 blockchain consortium adds insurer to ranks

Blockchain consortium R3 has added its first multinational insurer member, rounding off a successful month that began with data giant Thomson Reuters becoming the first information provider to join the group, which has been on a drive to attract more non-bank members.

R3 has been trying to boost the number of non-banks in its ranks
R3 has been trying to boost the number of non-banks in its ranks Photo: iStock

Blockchain consortium R3 has added its first multinational insurer member, rounding off a successful month that began with data giant Thomson Reuters becoming the first information provider to join the group, which has been on a drive to attract more non-bank members.

MetLife becomes the 60th member of the blockchain consortium, R3 said in an August 31 statement. The move underlines the interest across the financial landscape in distributed ledger technologies.

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