Synechron Inc., a digital, business consulting and technology services provider, has announced the launch of its Blockchain Accelerator Program that includes its first six blockchain applications available in the cloud.

The company said that the Accelerator Program delivers an end-to-end solution complete with business consulting services ranging from functional specifications to technical architecture design; blockchain technology delivery and training programs through Synechron's FinLabs; and UX design that will enable financial institutions to customize their blockchain application to their unique business needs.

“We believe in blockchain’s transformative potential for the financial services industry. By collaborating with our clients we have developed blockchain applications that solve real-world problems. These Blockchain Accelerators provide working code enabling our clients to experiment with and refine their blockchain strategies. In the race to deploy the technology, this program offers them the ability to gain a first-mover advantage”, Faisal Husain, Synechron CEO, said.

Synechron has identified six areas where market participants could experience blockchain’s most tangible benefits in enhancing business operations, minimizing operating costs and combating fraudulent activity. These blockchain applications will enable financial services firms to be up-and-running on a blockchain network or in a ‘sandbox’ environment within weeks and this rapid time-to-market will provide a first-mover advantage to firms.

Synechron’s Blockchain Accelerators include Global Payments, Trade Finance, Smart Margin Calls, Insurance Claims Processing, Know Your Customer (KYC), and Mortgage Financing & Processing.

“Synechron’s Blockchain Accelerators are working applications that will show you how blockchain can solve real-world operational problems. They will accelerate your integration and deployment program”, according to the website. “Synechron has created process frameworks and application code for six industry and process blockchain accelerator solutions.”

According to the official release, Synechron’s Blockchain Applications are available in a cloud environment and deliver working modular code and a sandbox environment to minimize development time, infrastructure and investment. These applications use an agile design approach and industry-leading blockchain technologies such as Ethereum, Hyperledger, Eris and Ripple. Also, as these apps are compatible with existing hybrid cloud environment, firms will be able to experiment without additional infrastructure expense and will get to market faster.