TerraLedger and TPG Software to Provide Distributed Ledger Technologies to Banks

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TPG Software Inc. and TerraLedger announced a strategic partnership that will enable the use of distributed ledger blockchain technologies among TPG Software’s existing customers (banks, broker dealers and credit unions). These technologies enable participants to complete financial transactions with greater speed, security, cost-efficiency and transparency. In addition, TPG Software named TerraLedger the preferred blockchain ledger technology provider for its TPG Blockchain Enabled Banking Treasury Solution serving more than 150 depository institutions.

TPG Software will provide tools, services and connectivity for TerraLedger’s Blockchain, as well as development resources and customer support. TerraLedger’s solutions will drive faster experimentation, provide technical agility and accelerate learning as the financial services move toward validated and certified distributed ledger technology implementations.

Utilizing a decentralized architecture, cryptography and digital signatures, TerraLedger is a consortium chain infrastructure system that provides a distributed, permissioned, triple-entry accounting consensus ledger as a middleware solution. The platform offers a high level of assurance, as well as adding valuable characteristics to identity management.

TerraLedger is capable of thousands of transactions per second and uses an asynchronous Byzantine fault-tolerant infrastructure for its decentralized chained transaction ledger and file storage.

“With intelligent, cloud-based technology, TerraLedger and TPG customers can adopt this new turn-key technology faster, accelerating distributed ledger technology deployment,” said Slavek Rotkewicz, president at TPG Software. “Our collaboration and focus on smaller and more agile institutions opens the opportunities to improve business processes where it is needed the most.”

“The partnership between TPG Software and TerraLedger will enable the use of distributed ledger technology in a way that will improve the workflow in capital markets,” said Adam Richard, CEO of TerraLedger. “The TPG Capital Markets Solutions and TerraLedger platform will bring capabilities to this sector during the time where focus on cost is essential due to low rates, and the commitment by TPG Software will accelerate the adoption of distributed ledger technology and take the TPG and TerraLedger offering to a new level of cost efficiency.”

TerraLedger and TPG Software’s partners include Bloomberg LP, The YieldBook, ZM Financial and numerous others that will aid in the development, datafeeds and deployment of distributed ledger applications in a cloud, hybrid and local environments.

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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