Synechron partners with ConsenSys, BlockApps for financial services blockchain applications

Synechron, a global consulting and technology services provider specializing in the financial services market, has announced a blockchain collaboration with Ethereum production studio ConsenSys and the BlockApps blockchain to develop next-generation blockchain solutions.

These applications would first be made available to shared clients to solve issues like native data privacy on a private blockchain, scalability for market data applications, and critical interoperability across Ethereum and complementary technologies.

“While blockchain has the potential to be a transformative technology, financial institutions need highly-customized applications that take into consideration their business operations and unique technical requirements. We’re delighted to be working with ConsenSys and BlockApps to collaborate with them on the next generation of blockchain infrastructure financial institutions will need for blockchain adoption. As those changes are made, Synechron will be the first to implement them and make them ready for financial services to accelerate adoption across banks,” said Synechron co-Founder and CEO Faisal Husain.

Through the collaboration, ConsenSys and BlockApps will gain access to Synechron’s 6,000-person global team of financial services consultants, blockchain developers for hire, and front-end UX and CX design experts. This will allow clients to develop and rapidly scale production-ready blockchain applications.