The Wall Street Blockchain Alliance, a non-profit trade association that promotes adoption of blockchain technology and crypto assets, has collaborated with R3’s blockchain consortium to develop applications based on Corda, R3’s blockchain platform.

Under the partnership, Wall Street Blockchain Alliance is looking forward to introducing the trade association to increased use cases that Corda offers. The organization believes that the alliance will benefit its members with the Corda platform.

David E. Rutter, CEO of R3, has said that the association’s partnership with R3 will help in encouraging the adoption of blockchain across the community of financial services professionals. He further added that the entity aligns with regulatory bodies so that financial markets can reap the benefits of blockchain technology.