IC3 (Initiative for Cryptocurrencies and Contracts)

2017: Microsoft will be engaged in conversion of financial systems based on a blockchain as a part of IC3

The Microsoft corporation announced on September 5, 2017 accession to an initiative of IC3 (Initiative for Cryptocurrencies and Contracts) for conversion of financial systems based on a blockchain. The main task of the project is conversion of future financial institutions using blockchain technology that they became more flexible, transparent, effective and safe.

IC3 already developed several solutions on the basis of blockchain technology which can transform the financial industry, and now cooperates with leaders in financial and bank spheres, the government and software developers open source to transform these solutions from pilot versions to real reliable financial systems with the proved efficiency.

When studying blockchain technology we got acquainted with work of IC3 command and were impressed with their approaches and deposits to community. The ideas of experts of IC3 on scaling, availability and other interesting directions of implementation of blockchain technology for corporate systems are very close to us. The synergy in their researches will well be approved with our vision a solutions blockchain in enterprise scales — Yorke E. Rhodes said III, the global business strategist on a blockchain (Global Blockchain Business Strategist) of Microsoft. — We are glad to join IC3 command and to cooperate closely with them within implementation of their ambitious projects.

In addition to Microsoft, in IC3 specialists of Cornell University and Kornelsky technical school, University of California enter Berkeley, the University of Illinois in Urban Shampeyn, Illinois State University and the Israel Institute of Technology of Technion.

See Also

• Blockchain in banks