This collaboration follows the launch of Synechron’s blockchain accelerator program, which includes its first six modular applications for trade finance, KYC utilities, payments, smart margins, mortgage finance & processing and insurance claims processing
Synechron, Inc, a global consulting and technology services provider specializing in the financial services market, has announced a blockchain collaboration with ConsenSys, a global venture production studio and custom software consultancy, and BlockApps, an enterprise blockchain platform employing Ethereum technology.
Shared clients will be the first to access blockchain infrastructures and applications to solve issues like native data privacy on a private blockchain, scalability for market data applications, and critical interoperability across Ethereum and complementary technologies – which have been some of the greatest barriers to blockchain adoption in financial services.
The collaboration will deliver global financial institutions a team of blockchain architects and financial services specialists to accelerate their application development initiatives. Through the collaboration, ConsenSys and BlockApps will gain access to Synechron’s 6,000-person global team of specialized financial services consultants, blockchain developers for hire, and front-end UX and CX design experts. This will allow clients to develop and rapidly scale production-ready blockchain applications.
This collaboration follows the launch of Synechron’s blockchain accelerator program, which includes its first six modular applications for trade finance, KYC utilities, payments, smart margins, mortgage finance & processing and insurance claims processing. The accelerators uniquely deliver working code that financial institutions can plug into directly in order to accelerate their blockchain development initiatives and be up and running in weeks. Synechron’s collaboration with ConsenSys and BlockApps provides an opportunity for development which could include accelerators related to total return swaps, call spreads, syndicated loans, bond issuance, tokenized securities and tokenized fiat currencies.
Additionally, ConsenSys will provide Synechron with access to its blockchain application development toolkits and Ethereum ecosystem to achieve unparalleled technical depth in development initiatives. BlockApps will offer its STRATO blockchain infrastructure product, adding further depth to Synechron’s already robust consulting and blockchain application development capabilities.