IPC, the world’s leading facilitator of safe, compliant networking and communications intelligence for international financial market participants, declared a joint venture with the blockchain software company R3 to back Corda blockchain networks on the IPC Connexus platform.
Corda blockchain applications, known as CorDapps, are presently within reach via IPC’s Connexus Cloud, a pumped up financial market cloud solution for information, voice, enterprise and conformity communication.
Robert Coole, Director Product Management at IPC, said “The financial industry interest in blockchain has significantly increased in recent years, with continuous growth of investment to support this emerging technology. IPC has been evaluating how blockchain technologies can be utilized, to the benefit of IPC customers and view R3 and the Corda platform, as one of the key drivers for customer adoption of new blockchain-enabled applications in capital markets.”
Connexus Cloud IPC has performance feature and a closed community structure that is perfect for the employment of blockchains. IPC’s Connexus Cloud ecosystem guarantees that IPC customers can install R3 Corda nodes on any public, private and hybrid cloud platform with immediate access over prevailing network connectivity by facilitating access to R3 Corda Business Networks, which are blockchain applications user communities.
David Rutter, CEO R3, said “Built to meet the high standards of the financial services industry, the widespread adoption of Corda in capital markets is testament to our goal of helping enable a fully integrated, efficient and transparent marketplace for liquidity exchange. We are pleased to be working with IPC as its Connexus Cloud offers global coverage, providing access to a diverse range of capital markets participants.”
Connexus Cloud is a high-performance cloud solution for data, voice and business communications and compliance on the financial markets. Connexus Cloud helps companies trade faster, scale quickly, increase agility, productivity and efficiency, leading to a significant competitive advantage.
The dynamic Connexus Cloud integrates sales and buy – side companies, interdealer brokers, liquidity companies, energy companies, lifecycle services, market data and clearing / settlement companies, connecting more than 6,600 participants in the capital market in 750 cities in 60 countries worldwide.
It connects liquidity sites in countries with more than 80% of global GDP, including access to emerging and frontier markets such as China, Russia, Turkey, South Korea, Taiwan, Vietnam and the United Arab Emirates.
About IPC
IPC is a worldwide financial market technology and service leader. The company helps customers anticipate change and solve problems with industry expertise, outstanding service and comprehensive technology. IPC brings together one of the world’s largest and most diverse financial ecosystems covering all asset classes and market participants with a customer-first mentality. IPC enables this ecosystem to interact, act and respond to market changes and challenges.
About R3
R3 is an enterprise blockchain software company working on Corda, our open – source blockchain platform and Corda Enterprise, a commercial version for enterprise use, with a broad ecosystem of more than 200 members and partners across multiple industries from both the private and public sectors. The R3 Corda platform is already in use in the financial services, health, shipping, insurance and more industries. It records, manages, executes the financial agreements of the institutions in perfect synchrony with its peers and creates a world of free trade.
