R3 is leading the way in encouraging adoption of the technology across the financial services industry, with a particular focus on banks. R3 , a consortium of financial companies conducting financial technology research , reports that 40 global banks have trialled trading fixed income securities over five separate blockchains , marking " an unprecedented scale of institutional collaboration . " Santander estimates that blockchain technology could save banks $ 20bn .
R3 , a consortium of financial companies conducting financial technology research , reports that 40 global banks have trialled trading fixed income securities over five separate blockchains , marking " an unprecedented scale of institutional collaboration . " Santander estimates that blockchain technology could save banks $ 20bn .