R3 is a leading financial innovation firm made up of financial industry veterans, technologists and new tech entrepreneurs, bringing together expertise from electronic financial markets and distributed/shared ledger technologies. The team, led by former ICAP electronic broking CEO David Rutter, is spearheading a partnership with over 40 of the world's leading banks to design and deliver advanced distributed/shared ledger technologies to global financial markets.
R3 and its partner banks will collaborate on research, experimentation, design, and engineering to help advance state-of-the-art enterprise-scale shared ledger solutions to meet banking requirements for security, reliability, performance, scalability, and audit. We have established the industry’s first collaborative joint working groups to lead these efforts, which will leverage the R3 team as well as experts within the partner banks. We will lead the design and guide the development of all layers of this new architecture. In addition, the group will work within a collaborative lab environment or “sandbox” to test and validate distributed ledger prototypes and protocols.
R3 runs a flat organization that allows for all members of the team to interact and contribute with all others, regardless of seniority. While headquartered in New York -- with offices in London and the San Francisco Bay area -- R3 is a globally distributed team. This means that team members must manage communication across multiple time zones. The role may also require travel depending on where the team member is located.