Synechron Will Launch Blockchain Applications on the Microsoft Azure Marketplace
Synechron's trade finance application is the first publicly available blockchain application on JP Morgan's Quorum platform
NEW YORK, LONDON, PARIS, AMSTERDAM, DUBAI, PUNE, India and SINGAPORE, May 22, 2017 (GLOBE NEWSWIRE) -- Synechron Inc. , the global financial services consulting and technology services provider, has today announced that demo versions of a select group of its blockchain accelerator applications will be made available on Microsoft Azure . These include the Blockchain Accelerator for Trade Finance now available on Quorum, the Blockchain Accelerator for Insurance Claims Processing on Ethereum, and the Blockchain Accelerator for Smart Margin Calls now available on Corda. This makes Synechron's Trade Finance Accelerator one of the first publicly viewable application to use the Quorum platform, demonstrating its Constellation and Enclave functionality for bank-driven requirements. These Accelerators will be available on Azure the week of May 22 and are currently available for a live demo at Consensus 2017 in New York, May 22-24.
Synechron, working in conjunction with the Microsoft Azure Blockchain team, are pleased to announce the general demo availability of three new Blockchain Accelerators on the Azure Marketplace. The Accelerators are industry-leading and award-winning applications that focus on six industry use cases: Trade Finance, KYC, Margin Call Management, Insurance Claims Processing, Mortgage Financing & Processing, and Global Payments. These solutions extend leading ledger platforms including Ethereum, Quorum, Hyperledger's Fabric, Corda, and Ripple. Synechron's Blockchain Accelerators can be rapidly deployed into the Microsoft cloud by anyone with an Azure subscription, making it easy for clients to choose a cloud-based deployment model with enterprise security in mind.
Marley Gray, Principal Architect for Azure Blockchain said, "Microsoft is building an open, ecosystem-driven platform for blockchain app development. Through partners like Synechron, we're empowering businesses to accelerate their own blockchain initiatives. We're excited to offer these three Accelerators, which show customers what blockchain applications could potentially look like."
Faisal Husain, Synechron CEO, said: "Developing innovative, real-world solutions drives everything we do, so being the first company to share working blockchain applications on Azure is incredibly significant for us. This week, users will be able to see how a blockchain really works and experience the different functionalities available across platforms. We have no doubt that this will help stimulate further interest in the potential of blockchain, enabling financial services firms to accelerate their blockchain initiatives."
More information these three blockchain applications from Synechron can be found below:
- Blockchain Accelerator for Trade Finance
- creates digital versions of transactions, generates smart contracts, centralises underlying collateral information on a distributed ledger across a private network to increase efficiency, eliminates "double spend" fraud, enhances data quality and reduces settlement time.
- Blockchain Accelerator for Smart Margin Calls
- uses smart contracts to determine the valuation of the trade portfolio, handles margin calls and initiates track and validates margin payments for increased efficiency, automated settlements, enhanced accuracy and significant cost-reduction.
- Blockchain Accelerator for Insurance Claims Processing - uses smart contracts, enables auto-execution of insurance claims and payments on an authoritative data feed for reduced risk and fraud and decreased processing costs.
For more information:
For more information on Synechron's Blockchain Accelerator Program go to our website at www.synechron.com/finlabs .
Synechron is a global consulting and technology organization providing innovative solutions to the financial services industry through its three main business focus areas: digital, business consulting, and technology. Based in New York, the company has 18 offices around the globe, with over 7,500+ employees producing over $450+M in annual revenue. For more information on the Company please visit the website or our LinkedIn community.
For further information, please contact:
m: 1 347-721-8223
+44 (0)203 727 3740
Rajesh Joshi (for Synechron enquires)
The Good Edge
m: +91 9833171525
Information om Nasdaq OMX
Følg pressemeddelelser fra Nasdaq OMX
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Nasdaq OMX
Abeona Therapeutics Inc16.3.2018 22:34 | pressemeddelelse
Abeona Therapeutics Reports Fourth Quarter 2017 Financial Results and Business Highlights
Bromium16.3.2018 13:03 | pressemeddelelse
Up to $200 Billion in Illegal Cybercrime Profits Is Laundered Each Year, Comprehensive Research Study Reveals
Z-Wave Alliance16.3.2018 11:01 | pressemeddelelse
Z-Wave Alliance Dominates Building Automation Space at Light + Building 2018
RFA15.3.2018 13:02 | pressemeddelelse
RFA Names Richard Muckle as Head of Client Development for its EMEA Headquarter
Mitratech15.3.2018 13:02 | pressemeddelelse
Mitratech Strengthens Position in African Market with Union Systems Partnership
EchoMaster14.3.2018 21:07 | pressemeddelelse
EchoMaster Announces New Left-Turn Alarm System For UK Vehicles
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum