R3 to Open Tech Hub in Dublin in 2020 Amid Rapid Growth Plans

Enterprise blockchain software firm R3 is further increasing its footprint in Europe, with the company announcing its plan to open an office in Dublin next year - its second office in the region.

The new office is part of the company’s expansion plans and will serve as a tech Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term for the company. Based in the office will be mostly engineering specialists, who will work closely with the existing London-based engineering team.

Not only will the new office be a new tech hub, but it will also support R3’s hiring plan, which aims to increase its headcount by approximately one quarter by the end of this year. The majority of the roles will be software engineers and commercial and client-facing roles.

Commenting on the new office, David E. Rutter, the CEO of R3, said: “Enterprise Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term is reaching a tipping point. From building the next generation of stock exchanges on blockchain, to facilitating frictionless global trade, blockchain is entering the mainstream of enterprise activity.

“We’re proud to host one of the most active and diverse ecosystems of blockchain applications on our Corda platform, but to make sure that we keep up with the demand from developers and end users, significant investments into our personnel are essential."

“After careful consideration, we chose Dublin because of the deep pool of existing blockchain and technical skills in the city, as well as its close connections to our existing hub in London. We’re looking forward to building our new home here and engaging with the local tech community over the years to come."

R3 expands London office

The new office follows on the heels of the company announcing that it had doubled the size of its London office, by adding a second floor to accommodate new employees.

At the time the company revealed that it would be opening a second engineering hub, stating that it would be based in either the San Francisco Bay Area or in another large European city, which is the direction the company went in. Berlin and Amsterdam were also contenders.