GFT, a business change and technology consultancy firm for financial services institutions, has announced that it has joined Google’s Partner Program, allowing the company to deploy blockchain test infrastructure for banks on Google Cloud Platform.
According to the official release, the collaboration will allow GFT to help global banking clients to stimulate distributed ledger models within a globally distributed and scalable test environment. By making use of the Google Cloud Platform, the company will be quickly deploying the code developed by its client team into GFT’s blockchain incubator.
"We are really excited to be able to support our clients in driving their distributed ledger agendas; helping them to make their innovation investments a reality. Through our partnership with Google, we are able to better understand the capabilities of this exciting technology and its impact on the financial services interbank architecture. GFT is well placed to assist our clients as they mature their distributed ledger business models and solutions,” Gareth Richardson, Managing Director of GFT said.
A click would enable to stimulate additional banks joining online to a blockchain and then gather and interpret the data using Google BigQuery. With this, clients can able to get detailed and specific insights into how their blockchain solutions will operate in the real word. Tools like Google Cloud Bigtable and BigQuery and latest DevOps solutions including containerization and Kubernetes, supports the decisions and allows the innovators to focus more on development efforts.
"It is important for us to work with a partner where there is a complimentary relationship that delivers mutual benefit. Working with Google has enabled us to create a test environment for a new Royal Bank of Scotland application using real-world volumes, providing them with valuable information on how their solution operates detailed in a new technical paper. This ability to test at scale has enabled our client to bring their distributed ledger initiative out of the lab and into the real-world in record time, creating an industry-leading solution," Nick Weisfeld, Head of GFT's Blockchain and Data Practices said.
The disrupting business models by distributed ledger technologies enable financial institutions and banks that have ‘untrusted’ relationship, to communicate with trust without a middleman. This will solve many issues that have hindered the financial industry like expensive and complex legacy infrastructure. Before implementing such solutions, these advances must be tested securely.
GFT brings together advisory, creative and technology capabilities with innovation culture and specialist knowledge of the finance sector, to transform the clients' businesses. Headquartered in Germany GFT uses the CODE_n innovation platform to provide international start-ups, technology pioneers and established companies’ access to a global network.
