R3 Flashcards
scott beech
CIMA
masters in finance
why accountant
loved business,
accounting is the core of every business
relationships in work
EL socials, UW Paksoc, Islamic Soc QBS
r3 leads
the largest blockchain ecosystem in the world
r3 founder is
david Rutter NY 2014
r3 current CTO is
Richard G Broen
blockchain is a list
of record linked using cryptography to stop 3rd parties accessing private data
R3 made
blockchain platform called Corda, used for transactions
transactions are
costly and prone to human error, blockchain provides a solution by helping companies with their transactions
each blockchain contains
a cryptographic hash which is a pne way function to access data
blockchains csnt be
modified due to its nature
overcome challenges
STAR paksoc example
role
post on general ledger, accounts payable and receivable, prepare balance sheets and bank reconciliations
why R3?
different from traditional banks, very interested in innovation, want to be in a place thats constantly changing
why blockchain industry?
up and coming industry, that a lot of people will be interested in the future as technology advances
