GFT partners with Google for blockchain
23 September 2016 London
Image: Shutterstock
Financial services software provider GFT has become a member of the Google Partner Programme for testing distributed ledger innovation in banks.
GFT will deploy its blockchain test infrastructure for banks on the Google Cloud platform, allowing banking clients to simulate real-world models and scenarios in a globally distributed and scalable test environment.
The GFT ‘incubator’ will be able to simulate additional banks joining a distributed ledger, as well as gathering and interpreting data.
This is intended to give innovators a better idea of how blockchain solutions will operate in the real world, and allow innovators to focus their development efforts on the most efficient channels.
Nick Weisfeld, head of GFT’s blockchain and data practices division, said: “It is important for us to work with a partner where there is a complimentary relationship that delivers mutual benefit. Working with Google has enabled us to create a test environment for a new Royal Bank of Scotland application using real-world volumes, providing them with valuable information on how their solution operates detailed in a new technical paper.”
“This ability to test at scale has enabled our client to bring their distributed ledger initiative out of the lab and into the real-world in record time, creating an industry-leading solution.”
Gareth Richardson, managing director of GFT, added: “Through our partnership with Google we are able to better understand the capabilities of this exciting technology and its impact on the financial services interbank architecture.”
GFT will deploy its blockchain test infrastructure for banks on the Google Cloud platform, allowing banking clients to simulate real-world models and scenarios in a globally distributed and scalable test environment.
The GFT ‘incubator’ will be able to simulate additional banks joining a distributed ledger, as well as gathering and interpreting data.
This is intended to give innovators a better idea of how blockchain solutions will operate in the real world, and allow innovators to focus their development efforts on the most efficient channels.
Nick Weisfeld, head of GFT’s blockchain and data practices division, said: “It is important for us to work with a partner where there is a complimentary relationship that delivers mutual benefit. Working with Google has enabled us to create a test environment for a new Royal Bank of Scotland application using real-world volumes, providing them with valuable information on how their solution operates detailed in a new technical paper.”
“This ability to test at scale has enabled our client to bring their distributed ledger initiative out of the lab and into the real-world in record time, creating an industry-leading solution.”
Gareth Richardson, managing director of GFT, added: “Through our partnership with Google we are able to better understand the capabilities of this exciting technology and its impact on the financial services interbank architecture.”
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