The R3 blockchain consortium has released a new version of its Corda distributed ledger technology, which will allow developers more freedom when designing applications.

The upgrade will give developers the ability to integrate future tweaks and upgrades more easily to the applications they have previously built on Corda, which should lead to banks and other financial institutions expanding their use of blockchain technology.

This news comes after the consortium raised $107 million of additional funding to develop its platform in May 2017.

R3’s distributed ledger platform currently allows its members to create prototypes and experimental projects using the technology; presently, the consortium consists of over 100 banks, financial regulators, and other financial technology firms.

Read more at Reuters and Finextra.