GFT, Google Partner for Blockchain
September 26, 2016
collaboration allows GFT to deploy its distributed ledger test
infrastructure for banks on Google’s Cloud Platform, helping global
banking clients to simulate real-world distributed ledger models within
a globally distributed and scalable test environment.
Utilizing the Google Cloud Platform, GFT is able to rapidly deploy the
code developed by their client development teams into GFT’s blockchain
incubator to simulate real-word scenarios. At the click of a button, it
is possible to simulate additional banks coming online to a distributed
ledger, then rapidly gather and interpret the data using Google BigQuery.
This provides clients with detailed and specific insights into how their
blockchain solutions will operate in the real word. Rapid deployment and
data feedback, enhanced with tools such as Google Cloud Bigtable and
BigQuery along with the latest DevOps solutions such as containerization
and Kubernetes, supports agile decisions and allows innovators to focus
development efforts on the most efficient channels possible.
Disruptive business models, underpinned by distributed ledger
technologies, typically enable banks that have an ‘untrusted’
relationship, to communicate with trust, but without a ‘middleman’ who
traditionally provides the ‘trusted’ confirmation. This brings great
potential to overhaul many of the core issues that have hindered the
financial industry, such as costly and complex legacy infrastructure.
However, such advances must be tested securely and at scale before they
can be considered to be a viable solution.
The most recent implementation of GFT’s test environment has been for a
distributed ledger domestic and international payments solution on the
Ethereum platform, working with a large European bank. During the course
of this testing, GFT has supported its client to understand how their
platform scales to realistic payments volumes, and provided them with
valuable information on how the solution stacks up.
Richardson, Managing Director, GFT said: “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
Nick Weisfeld, Head of GFT’s Blockchain and Data Practices comments, “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.“