THELOGICALINDIAN - GFT Technologies an IT account provider for the cyberbanking industry has appear it will be testing blockchain technology on Googles Cloud Platform
Also read: Jaxx to Add Litecoin to Mobile Wallet Despite Apple ‘Blacklist’ Issues
GFT Believes Google’s Cloud Service Will Help Them Promote Distributed Ledger Tech
The Stuttgart-based GFT is an IT provider and business consulting account for European banks. The aggregation has appear its associates with Google’s Partner Program to “drive blockchain technology.” GFT said it affairs to simulate broadcast ledgers in real-time aural a scalable analysis environment.
Blockchain technology is said to accept the adeptness to achieve business affairs instantly while convalescent efficiency. Using the Google Cloud Platform, GFT claimed it will be able to “rapidly deploy” cipher by its adorning clientele. The aggregation appear that it has developed a blockchain incubator, which simulates banking scenarios.
Additionally, application Google’s casework will acquiesce the close to advance Google BigQuery. The belvedere will accommodate abundant data on these operations. Other casework acclimated include Google Cloud Bigtable, and the latest DevOps agreement meant to enhance adorning efforts.
Nick Weisfeld, Head of GFT’s Blockchain and Data Practices declared in the announcement:
Blockchain Will Transform the ‘Hindered’ Financial Industry
The Stuttgart close believes blockchain technology has the adeptness to check the “hindered” acceptable financial industry. However, the aggregation feels the technology charge be activated thoroughly, be secure, and additionally calibration afore actuality considered. With its latest initiative, according to GFT, audience will be able to analysis scalability and accompany “distributed balance initiatives out of the lab.”
“Through our affiliation with Google, we are able to bigger accept the capabilities of this agitative technology and its appulse on the banking casework interbank architecture. GFT is able-bodied placed to abetment our audience as they complete their broadcast balance business models and solutions,” explained Gareth Richardson, Managing Director, GFT.
GFT Is Currently Testing With Ethereum and a Large European Bank
The aggregation declared that the best contempo testing of a calm and all-embracing payments agreement acclimated the Ethereum platform. GFT activated the ancestor with a “large European bank,” the aggregation reported. While the agreement took place, GFT mentored its applicant on the protocol’s scalability, astute payments volumes, and the close apparatus of the software.
The IT provider said they durably accept in blockchain technology. Richardson added that they appetite to “drive” the company’s audience appear the use of broadcast ledgers.
What do you anticipate about GFT application Google’s Cloud to analysis blockchain technology? Let us apperceive in the comments below.
Source: GFT
Images via Shutterstock,
Did you apperceive Bitcoin.com is throwing a blockchain appointment in London this year? Our premiere event, Blockchain: Money, features the better innovators and admiral in the industry. The accident will booty place in the admirable ambience of 155 Bishopsgate, London on November 6-7, 2016. Reserve your tickets today!
