Synechron Will Launch Blockchain Applications on the Microsoft Azure Marketplace
(Thomson Reuters ONE) -
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:
1. 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.
2. 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.
3. 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.
About Synechron
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:
Synechron
Diana Kearns-Manolatos
Synechron, Inc.
Diana.Kearns(at)synechron.com
m: 1 347-721-8223
UK
Dan Williams
Rostrum
+44 (0)203 727 3740
dan.williams(at)rostrumpr.com
India
Rajesh Joshi (for Synechron enquires)
The Good Edge
rajesh(at)thegoodedge.com
m: +91 9833171525
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Synechron via GlobeNewswire
Datum: 22.05.2017 - 16:01 Uhr
Sprache: Deutsch
News-ID 544101
Anzahl Zeichen: 5723
contact information:
Town:
New York
Kategorie:
Business News
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"Synechron Will Launch Blockchain Applications on the Microsoft Azure Marketplace"
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