Bloxian Technology, an Australian firm aiming to connect enterprises to blockchain, is teaming up with R3 to develop innovative products and solutions for commerce on its Corda blockchain platform.

Founded in 2017, Bloxian Technology made significant investments in Corda last year and recently launched a blockchain development platform which enables enterprises to drastically reduce blockchain project implementation timelines. In addition to building products and platforms on Corda, Bloxian said that it has built frameworks and accelerators that can help enterprises accelerate the learning and adoption of the Corda blockchain platform.

"Our partnership with R3 will further strengthen our ability to help customers refactor their business processes by adopting distributed ledger technology. The tools, technology and methodology in place by team Corda gives us additional leverage in this journey of value creation. R3 is also a great platform for us to have access to a network of innovative organizations,” Kunal Chhabra, VP Innovation and Strategy at Bloxian Technology, said.

R3 leads a global consortium of over 200 leading financial services firms, technology companies, central banks, regulators, and trade associations working together on Corda – an enterprise blockchain platform designed to record, manage and synchronise contracts and other shared data between trading partners and to meet the complex requirements of the world's largest financial institutions.

"We are pleased to welcome Bloxian Technology to our rapidly growing Corda partner network and we look forward to working with them. Our partners are harnessing the power of Corda to develop cutting-edge blockchain applications that will transform the world of business as we know it,” David E. Rutter, CEO of R3, said.