Bloxian Technology Partners With R3 to Build Products and Solutions on Corda Distributed Ledger Platform

SYDNEY, March 6, 2018 /PRNewswire/ -- Bloxian Technology has partnered with enterprise software firm R3 to develop innovative products and solutions for commerce on its Corda blockchain platform.

Bloxian Technology is a Sydney-based startup focused on connecting enterprises to distributed ledger technology and has delivered a number of proof-of-concepts and projects for large enterprises. It recently launched a blockchain development platform which enables enterprises to drastically reduce blockchain project implementation timelines.

Bloxian Technology over the last year has made significant investments in Corda and has a pool of over 20 Corda developers. In addition to building products and platforms on Corda, Bloxian has built frameworks and accelarators that can help enterprises accelerate the learning and adoption of the Corda blockchain platform.

It joins R3's global network of more than 200 of the world's largest financial services firms, technology companies, central banks, regulators, and trade associations working together on Corda.

Corda is the world's only enterprise blockchain platform designed to record, manage and synchronise contracts and other shared data between trading partners and to meet the complex requirements of the world's largest financial institutions. As Corda was designed to meet the highest standards of the financial services industry, one of the most complex and highly regulated industries in the world, it can also be applied seamlessly to all other areas of commerce.

Kunal Chhabra, VP Innovation and Strategy at Bloxian Technology, comments: "Our partnership with R3 will further strengthen our ability to help customers refactor their business processes by adopting distributed ledger technology. The tools, technology and methodology in place by team Corda gives us additional leverage in this journey of value creation. R3 is also a great platform for us to have access to a network of innovative organizations."

David E. Rutter, CEO of R3, comments: "We are pleased to welcome Bloxian Technology to our rapidly growing Corda partner network and we look forward to working with them. Our partners are harnessing the power of Corda to develop cutting-edge blockchain applications that will transform the world of business as we know it."

About R3

R3 is an enterprise software firm working with a network of over 200 banks, financial institutions, regulators, trade associations, professional services firms and technology companies to develop on Corda, its blockchain platform designed specifically for businesses. 

R3's global team of over 140 professionals in nine countries is supported by over 2,000 technology, financial, and legal experts drawn from its global member base. R3 is backed by investment of USD 107 million from over 40 firms.

Corda is the outcome of over two years of intense research and development by R3 and its members and meets the highest standards of the banking industry, yet is applicable to any commercial scenario. It records, manages and executes institutions' financial agreements in perfect synchrony with their peers, creating a world of frictionless commerce.

Learn more at www.r3.com.

About Bloxian Technology

Bloxian Technology is an industry leader established in Australia with an aim to connect enterprises to Blockchain. Since its inception, it has helped numerous clients start and execute their own blockchain products and solutions. Bloxian Technology is the only IT company in Australia focused on blockchain and Distributed ledger and has a demonstrable track record of delivering POCs and blockchain projects for large enterprises.

Bloxian Technology offers Blockchain Services, enterprise-grade blockchain products for financial institutions, insurance, pharmaceutical, trade finance and education and recently launched Blockchain application development platform, BLOX, with focus on enterprises, start-ups and individuals exploring to develop applications on Blockchain without knowing the intricacies of Blockchain.

Learn more about Bloxian Technology at http://www.bloxian.com.

Press contact

Bloxian Technology:
Jennifer Carreon
+61 2 8052 3530
[email protected]

R3:

Nick Murray- Leslie
Chatsworth Communications
+44 (0)207 440 9780
[email protected]

Charley Cooper
R3
+1 917 855 8529
[email protected] 

SOURCE Bloxian Technology