Cegeka has joined enterprise software firm R3’s collaborative initiative to develop innovative applications and solutions on its Corda blockchain platform.

It joins R3’s global network of more than 200 of the world’s largest financial services firms, technology companies, central banks, regulators, and trade associations working together on Corda.

Corda is an enterprise-grade blockchain platform that removes costly friction in business transactions by enabling institutions to transact directly using smart contracts, while ensuring the highest levels of privacy and security. In July 2018, R3 launched Corda Enterprise, a commercial distribution of Corda specifically optimised to meet the demands of complex institutions 

Corda and Corda Enterprise are the foundation of a vibrant ecosystem of interoperable applications. These apps are built by R3’s partners, harnessing the power of blockchain to overcome the specific challenges faced by their customers.

David E. Rutter, CEO at R3, comments: “We’re pleased to welcome Cegeka to our partner network and look forward to working with them to advance the usage of Corda. With its unique approach to privacy and security, Corda will enable Cegka to develop cutting-edge blockchain-based solutions to meet the growing needs of its European client base.”  

“We’re happy to be welcomed by R3 among its partners” said Stefania Donnabella, managing director of Cegeka Italia, “We chose to focus on Corda because, besides its natural adoption in the banking and financial sectors, the R3 platform also fits perfectly in use cases related to digital identity, supply chain, traceability and trade finance, which are the core businesses of our customers. We are confident that this collaboration will have more than positive implications in the spread of this technology.”

About R3

R3 is an enterprise blockchain software firm working with a broad ecosystem of more than 200 members and partners across multiple industries from both the private and public sectors to develop on Corda, its open-source blockchain platform, and Corda Enterprise, a commercial version of Corda for enterprise usage. R3’s global team of over 180 professionals in 13 countries is supported by over 2,000 technology, financial, and legal experts drawn from its global member base. R3 is backed by investment of over USD 120 million from more than 45 firms. The Corda platform is already being used in industries from financial services to healthcare, shipping, insurance and more. It records, manages and executes institutions’ financial agreements in perfect synchrony with their peers, creating a world of frictionless commerce.