CGI Advances Blockchain Adoption with Implementation of Ripple Validator Node

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CGI has announced it is the first commercial enterprise to implement the Ripple Validator Node. Ripple validators are servers that confirm Ripple’s distributed financial technology transactions on the network. The CGI-hosted Ripple Validator Node provides banking clients with a trusted network partner for Ripple’s distributed financial technology that settles international and domestic transactions in real-time.

“Given our ongoing efforts to further decentralize the Ripple network, we couldn’t be more excited for CGI to implement a validator,” said Asheesh Birla, VP of Product at Ripple, “Having a major enterprise player contribute to the consensus process on Ripple fortifies the resiliency of the network, and it plays a key role in our work with CGI to make it even easier to put Blockchain technology into commercial production.”

“CGI is at the forefront of payments modernization, and our partnership with Ripple provides added value to our clients,” said Pamela Smith, Vice-President of CGI’s Financial Solutions Group. “We are excited to continue to expand our use of distributed financial technology to help banks reduce implementation risks and shorten time to value.”

CGI is taking public ledger technology out of the innovation lab and bringing its practical benefits to clients. This announcement follows the recent release of CGI’s Ripple-enabled Intelligent Gateway. The Intelligent Gateway is one of the first payments solutions in the industry to integrate Ripple’s distributed financial technology and provides a solution-agnostic, transformational wrapper around a client’s payment processing systems.

 

Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 65,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as 150 IP-based services and solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website:  http://www.cgi.com.

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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