R3 Expands London Wall Office In Effort To Hit Hiring Goals

R3, the New York-based blockchain company known for Corda, an enterprise blockchain solution, is expanding. In fact, the group doubled its London Wall office, doing what it can to meet its hiring goals, reports CoinTelegraph.

The report reads that R3’s increase in employees is due to the company trying to hit its 85 hires before the end of this year. And, half of that number is meant to go towards the London Wall office, which seems to be happening as these reports state. The group is mostly looking to bring on software engineers, but it also plans to bring in some experts in the commercial space alongside people who know how to work with clients.

On top of this, the plan to bring more people into the London office is the foundation of R3’s plans to expand. Excitingly, they’re also looking to create an engineering space by 2020, and is still trying to decide where is best to build it. However, we should learn about this location in due time. They’re scheduled to announce it by the end of this year, the publication claims.

David E. Rutter, CEO of R3, spoke on the potential removal of the United Kingdom from the European Union and how it would benefit the company:

“There is enormous opportunity for London post-Brexit. While there clearly remain some uncertainties, we believe the city is well placed and established to thrive in the coming years. That’s why we are confident in making this substantial long-term commitment now.”

As you may know, R3 is also planning to bring a blockchain platform to Brazil. We learned this news back in June, as the company had partnered with Bradesco, Itau, and the stock exchange, B3, as it wants to put together a space for forex trading and insurance for the country. As of now, the Brazil stock exchange is using R3’s Corda platform for identification purposes regarding people trading stocks.