Synechron launches blockchain accelerator program, including 6 different financial services blockchain apps

Blockchain technology continues to gain more attention in the financial sector. Synechron, a global financial and technology services consulting company, launched their blockchain accelerator program and has released 6 different cloud-based blockchain apps.

Distributed ledgers gain more acceptance

More companies are focusing on blockchain technology, which is undoubtedly very positive for the technology. It will become more and more interesting if these companies develop more new tools and applications using this technology. Synechron's cloud app will help financial services companies create blockchain technology and run it in a sandbox environment.

Although there are many companies looking to integrate blockchain technology, the process takes a lot of time. Synechron offers a solution that can be completed in just a few weeks. Through their accelerator program, they can cater to a wide range of companies. In addition, financial institutions can customize blockchain applications according to their needs.

This technology can have an impact on the advancement of many different industries. Synechron is focusing on six areas, from global payments to insurance claims and KYC to mortgage financing and processing. All of these financial industries need more transparency and interoperability, which are exactly what blockchain can provide.

Synechron CEO Faisal Husain explained:

“We believe blockchain has the potential to transform the financial services industry. By working with our clients, we have developed blockchain applications that solve real-world problems. These blockchain accelerators provide working code that enables our clients to experiment and refine their blockchain strategies. This program provides them with the ability to gain a first-mover advantage in the race to deploy blockchain.”

All of these different applications are available in a single cloud environment. Customers have access to working modular code and a sandbox environment that reduces the necessary development time to a minimum. The environment can be used with a variety of blockchains, including Ethereum, Ripple, Eris and Hyperledger.