Daniele Savarè, Innovation & Business Solutions Director, SIA

European hi-tech company SIA has signed an agreement with UK-based pioneering tech firm Quant Network, in order to explore blockchain interoperability and creation of cross-platform applications and services for banks and FIs. The first set of tests will be carried out on the R3 Corda and Ethereum platform.

“Since the European launch of our private infrastructure SIAchain, we are at the forefront of innovation in blockchain technology with the aim of supporting financial markets with a high-performance and secure architecture and a clear governance model. We actively continue on our path of innovation and the achievement of a fully interoperable blockchain network is the foremost objective we want to reach with the collaboration of Quant Network and its disruptive vision on DLT,” says Daniele Savarè, Innovation & Business Solutions Director, SIA.

According to the supplier, the partnership will facilitate the integration of Overledger, Quant’s Blockchain operating system and SIAchain infrastructure, private infrastructure utilizing SIAnet’s 570 European network nodes,  with an aim to develop and implement blockchain across different technologies.

“We’re pleased to collaborate with SIA to explore how Overledger can enable financial institutions on SIAchain or part of SIAnet to benefit from cross-platform and interoperable blockchain applications to embrace new business models, improve operational efficiencies and deliver new innovation to customers,” commented Gilbert Verdian, CEO, Quant Network.

Established in 1977, SIA is a provider of technology infrastructures and services for financial institutions, Central Banks, corporates and the public sector especially in the areas of payments, cards, network services and capital markets. SIA Group provides its services in 50 countries and also operates through its subsidiaries in Austria, Croatia, Czech Republic, Germany, Greece, Hungary, Romania, Serbia, Slovakia and South Africa

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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