We created a blockchain road map to operational excellence and efficiency.
Drive innovation with Synechron’s Blockchain Accelerators.
Wondering how a Blockchain-led innovation can enhance your business goals?
In Synechron’s FinLabs, we work to help clients solve difficult business challenges. Together, we develop new technology code, operational architecture and cutting-edge digital applications and tools. Our goal is to dramatically improve time to market, unlock billions of dollars in operational savings and transform global financial operations. Synechron’s Blockchain Accelerator solution process frameworks and working applications show you how blockchain technology can be leveraged for today’s real-life business problems and provide:
Automation of the extensive manual intervention required in many operational cycles - telephone calls, emails, papers or proprietary user identification systems - eliminate redundant tasks, direct processing costs and human error. Payments transfers using digital currencies dramatically reduce third-party fees.
Transactions stored on a blockchain are virtually tamper-proof. The distributed database requires that all parties reach a consensus on database contents, so no single party can alter the transaction chain without the permission and knowledge of all other parties.
Shared access to, and validation of, transactions increases trust in the integrity of any individual transaction and its accuracy. All parties using the blockchain network view the same contents, making it impossible for multiple uses (or spending) of a single transaction.
Blockchain-based systems can eliminate counterparties and create more efficient bilateral settlement relationships. Cycle times are faster because of streamlined workflows and reduced paper processing.
When redundant data entry is eliminated and cycle times are faster, customers generally are more satisfied. Financial institutions struggling to make legacy processes easier can find process improvements with the strategic application of blockchain technology.
Synechron's Blockchain Accelerators include a suite of six tools that will show you how blockchain can address and mitigate real-world operational problems, and be utilized to accelerate your integration and deployment program.
Business applications built on the blockchain will be needed in the future to complete the modern financial ecosystem and drive efficiencies. Hear more about Synechron’s investment into blockchain in these conversations.
See some of our creative and innovative client projects.
