Are R3, IBM and ConsenSys competing in Singapore’s blockchain breakthrough?

Singapore recently announced the development of three different prototypes for decentralized inter-bank payments from IBM, R3 and ConsenSys. Could one of them become the gold standard for corporates?
Are R3, IBM and ConsenSys competing in Singapore’s blockchain breakthrough?

In the gold rush world of new technologies, the race to develop a definitive version that becomes the industry standard is always a tightly run race.

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