Blockchain Startup R3 Partners With Luxoft To Build Identity Management Apps

Announcements, Blockchain, News | June 27, 2018 By:

Global IT service provider Luxoft has partnered with blockchain software firm R3 to lead the integration of identity management applications on R3’s blockchain platform Corda.

Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. The company’s offerings encompass strategic consulting, custom software development services, and digital solution engineering. It has more than 12,900 staff across 42 cities in 21 countries within five continents, with its operating headquarters office in Zug, Switzerland.

R3 is an enterprise blockchain software firm working with a broad ecosystem of more than 200 members and partners across multiple industries from both the private and public sectors. The firm’s Corda platform is the outcome of over two years of intense research and development by R3 and its members. Designed specifically for businesses, Corda is already being used in industries from financial services to healthcare, shipping, insurance and more.

As an R3 partner, Luxoft will use Corda in its blockchain consulting practice, adding integration with complementary technologies in order to provide complete solutions. Initially, the focus will be on enabling businesses to create Corda applications that take advantage of the verifiable claims technology or identity attributes management enabled by Hyperledger Indy, a distributed ledger, purpose-built for decentralized identity.

Hyperledger Indy was developed by the Sovrin Foundation, a private non-profit body governing the Sovrin Network. It provides tools, libraries, and reusable components for creating and using independent digital identities rooted on blockchains or other distributed ledgers so that they are interoperable across administrative domains, applications, and any other “silo.”

Luxoft said it will develop Corda identity management apps on the Hyperledger Indy and the Sovrin Network to help firms build complete solutions that rely on self-sovereign identity management. Luxoft already has a proof-of-concept (PoC) that combines Corda and Hyperledger Indy to demonstrate how the technology will work in producing and distributing personalized medicines to patients.

Vasiliy Suvorov, Chief Technology Officer at Luxoft, said that they believe that the combination of Corda and Indy is a powerful platform for addressing real world, enterprise requirements.

“Any practitioner building on a blockchain or distributed ledger technology needs to amass a toolkit that allows them to complete the job most efficiently, always applying the right tool for the job,” said Suvorov. “By contributing the integration framework, we hope to enable faster innovation and help both Corda and the Hyperledger Indy communities to focus on building innovative applications and spend less time on technology integration. We have created a blueprint for any process that requires claims or credentials input in order to orchestrate service provisioning between multiple parties. It will help make systems more practical, scalable and flexible, naturally supporting smart contract mechanisms that already exist in Corda.”

David E. Rutter, CEO at R3, said that enabling end users to have full control over managing their identity is one of the most exciting applications for blockchain.

“By partnering with Luxoft, we can extend the benefits of our privacy protocols on Corda to a wider community,” said Rutter. “We look forward to working with them in the future to deliver innovative identity management CorDapps.”