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msg and R3 enter into strategic partnership in the field of distributed ledger technology

msg and R3 enter into strategic partnership in the field of distributed ledger technology

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msg has entered into a strategic partnership with enterprise software firm R3, a pioneer in the field of distributed ledger technology (DLT) through its platform, Corda. The collaboration aims to enable seamless integration of Corda networks with SAP systems. In addition, msg is developing innovative applications built on Corda, known as CorDapps, with a focus on the financial services and insurance industries.

DLT solutions from a single source

The cooperation between msg and R3 enables customers to acquire customized DLT solutions and services directly from msg. msg will further expand its DLT portfolio with new products and services based on Corda. In addition to services such as IT and business consulting, msg customers can also obtain prototyping and training, application development, implementation and hosting services for DLT platforms.

The Corda ecosystem grows to over 350 participants

With Corda, R3 has established a permissioned blockchain platform that is used by more than 350 organizations worldwide. These include global banks and financial institutions, insurance companies, regulatory authorities, energy and telecommunications providers, healthcare, supply chain and technology companies. msg is one of SAP's top partners and an expert in SAP solutions. The company is currently working on an integration platform and insurance applications for various DLT networks, including Marco Polo, B3i and RiTAblock.

"With RiTAblock, a platform for settlements between primary insurers and reinsurers, msg has already been able to demonstrate how an SAP module can be successfully integrated into a Corda network," says Bernhard Lang, member of the msg executive board. "If we can integrate Corda networks quickly and seamlessly into SAP ERP solutions, completely new possibilities open up for our customers." In the fall of 2020, msg began working together with the Marco Polo network - one of the leading trade finance networks - to develop an SAP ERP integration solution that connects companies' ERP systems with the Marco Polo platform. "This is another successful example in this area. And certainly not the last," says Lang (read more).

Cathy Minter, Chief Revenue Officer at R3, said: “We are pleased to be welcoming msg to our thriving ecosystem of firms building on Corda. Together, R3 and msg can bring the potential of blockchain technology to even more customers around the world looking to do business more efficiently.”