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Persistent Systems is working with R3 on corporate blockchain applications. R3 is among the largest global blockchain companies and creator of the Corda blockchain platform.
The two companies have already started working on a project, together with Blockchain Digital, for Her Majesty & # 39; s Land Registry of the United Kingdom (HMLR), where they use the generalized accounting technology to simplify the process of buying, selling and transferring of land, which involves multiple parts on both sides.
Pandurang Kamat, chief technologist and associate CTO, Persistent Systems said that the company has used the Corda platform in recent years. "This partnership would open a new set of opportunities for the two companies – they (HMLR) want to build a bigger ecosystem along the line to see how other value propositions can be integrated into this beyond the current workflow."
Mike Ward, product manager at R3, said the company was born as a consortium of banks and is now also working with other sectors. "The best use is when blockchain connects companies, and we have a story there, so we're trying to bring organizations together, it's in the competitors' advantage to see how they can work together trustfully."
As the blockchain is an emerging technology, R3 is holding bootcamps with partners in several countries to train developers on its platform. "We are also hiring a small team in Mumbai to work with partners and developers, focus on the local market and facilitate Indian organizations in the global market," said Ward.
Companies are trying to bring together Persistent's history in product engineering and the global reach of the customer and the platform and R3 experience in successfully rejoining the consortiums to be able to offer projects for different industries.
Kamat added that he would be looking at projects using DLT for the government, both in India and outside, a segment in which there has been a very active interest in technology. "We are definitely interested in this area, we have already worked for the government in other technology areas at the state and central level, so it is natural that we start looking at some of these cases," said Kamat.
