The Message Is The Medium

R3CEV Is Really Just Another Altcoin

R3CEV’s David Rutter in American Banker: “We are engineering a fabric layer — to build out a shared ledger architecture that is fit for global financial institutions. […]We hope others will build upon this base layer and we will eventually be putting that into an open-source foundation.” – URL

R3CEV reveals what they are actually trying to build; another altcoin. They also “hope others will build upon” that new altcoin (a blockchain of some sort) in that unspecified future.