Blockchain Based Financial Services Provider R3 Operating in the Red

Sources at Blockchain consortium R3 say despite claims of millions raised in funding the company is floundering and could be insolvent by next year, as reported by Fortune.
R3’s Finances Laughable
R3 which started off in a promising position in 2014 when it launched as an invitation-only consortium providing blockchain based services to major banks is reported to be in trouble. With early members like J.P. Morgan and Goldman Sachs, they quickly added dozens of more partners to their r