Blockchain Platform MultiChain Enters Beta with 15 New Partners

MultiChain, the private blockchain platform launched by Coin Sciences Ltd, has entered beta phase with the release of MultiChain 1.0 for Linux and Windows.

The platform has also revealed that 15 new industry partners are joining its Platform Partner Program – a consultancy group originally backed by financial services giant Accenture.

Notably, the new members of the program include three multinationals – Boston Consulting Group, PwC and Worldline – as well as 11 smaller companies.

The MultiChain platform was set up with the aim of helping organizations more easily build applications using blockchains and distributed ledgers.

CEO Shinam Arora of Primechain Technologies, a new member of the partner program, explained some of MultiChain’s use cases, saying:

"We are using MultiChain for building several blockchain-powered solutions, including shared KYC/AML, syndication of loans and consortium lending, trade finance, asset registry, asset re-hypothecation, secure documents, cross-border payments and peer-to-peer payments.”

The platform said it plans to release a final version of the software this summer.

In related news, Seal Software, a contract discovery and analytics platform, has said it will integrate MultiChain into its platform. The marriage will enable a machine-learning framework based on what the company called "intelligent contracts" to be used in conjunction with MultiChain's blockchain functionality.

Open door image via Shutterstock

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