Global consulting and technology services provider Synechron Inc, has announced a blockchain collaboration with global venture production studio ConsenSys and BlockApps, enterprise blockchain platform employing Ethereum technology, in a move to tackle the most significant barriers like privacy, scalability, and interoperability that are critical to blockchain’s adoption in financial services.

Global financial institutions will benefit from this collaboration by gaining a powerful team of blockchain architects and financial services specialists to accelerate their application development initiatives. ConsenSys and BlockApps will gain access to Synechron’s global team of specialized financial services consultants, blockchain developers for hire, and front-end UX and CX design experts. The collaboration will allow clients to develop and scale production-ready blockchain applications, the release said.

“While blockchain has the potential to be a transformative technology, financial institutions need highly-customized applications that take into consideration their business operations and unique technical requirements. We’re delighted to be working with ConsenSys and BlockApps to collaborate with them on the next generation of blockchain infrastructure financial institutions will need to progress blockchain adoption. As those changes are made, Synechron will be the first to implement them and make them ready for financial services to accelerate adoption across banks,” Faisal Husain, co-founder and CEO of Synechron said.

The collaboration follows the launch of Synechron’s blockchain accelerator program and provides an opportunity for development that includes accelerators related to total return swaps, call spreads, syndicated loans, bond issuance, tokenized securities, tokenized fiat currencies, among others.

“BlockApps continues to deploy within enterprises throughout the world, and we’ve found Synechron to be an ideal partner to help scale and further increase education and adoption of our customizable product. Synechron is a driving force in the financial services technology space, and their understanding of and commitment to Ethereum blockchain solutions continue to show their commitment to bleeding-edge technology,” Victor Wong, co-founder and CEO of BlockApps said.

Synechron will have the opportunity to access ConsenSys’s blockchain application development toolkits and Ethereum ecosystem to achieve unparalleled technical depth in development initiatives. Apart from this, BlockApps will be offering its STRATO blockchain infrastructure product.