It is the first company to share working blockchain applications on Microsoft’s public cloud platform
Global financial technology provider Synechron is making demo versions of a select group of its blockchain accelerator applications available on Microsoft Azure. These include the Blockchain Accelerator for Trade Finance now available on JP Morgan’s Quorum platform, the Blockchain Accelerator for Insurance Claims Processing on Ethereum, and the Blockchain Accelerator for Smart Margin Calls now available on Corda.
The applications focus on six industry use cases: trade finance, know your customer, margin call management, insurance claims processing, mortgage financing and processing, and global payments.
Now available on the Microsoft Azure Marketplace, they can be used by anyone with an Azure subscription, making it easy for clients to choose a cloud-based deployment model with enterprise security in mind.
“Microsoft is building an open, ecosystem-driven platform for blockchain app development,” said Marley Gray, principal architect for Azure Blockchain. “Through partners like Synechron, we’re empowering businesses to accelerate their own blockchain initiatives.”
Synechron’s co-founder and CEO Faisal Husain added: “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.”
Attendees at the Consensus 2017 Blockchain Technology Summit in New York, US this week will be able to see live demonstrations of the blockchain applications.