aXedras uses Corda Enterprise by R3
Updated: Sep 28, 2022
aXedras™ signs contract with R3 to use Corda Enterprise solution for its Bullion Integrity Ledger™
aXedras’ blockchain-based digital platform solution (Bullion Integrity Ledger™) connects and digitalizes the precious metal industry
aXedras took the strategic decision to build its Bullion Integrity Ledger™ on R3’s Corda Enterprise platform
Financial-grade Corda Enterprise as next generation blockchain platform fulfils the complex technical requirements of aXedras’ digital platform solution
Switzerland, Zug – The Swiss information technology company aXedras Ltd. has developed the Bullion Integrity Ledger™ as a digital platform to support the precious metal industry for managing a variety of pressing challenges. Most importantly, the industry is faced by growing requirements and costs around efficient provenance, product integrity and compliance. aXedras™ took the strategic decision to strengthen its collaboration with R3 by signing a master and service level agreement to utilize R3’s Corda Enterprise for its digital platform solution. This milestone enables aXedras™ to gain a secured technical foundation to increase stability, performance and support capabilities for its Bullion Integrity Ledger™.
“R3’s high quality market proven and well supported Corda Enterprise solution plays an important role in our Bullion Integrity Ledger™ application. The state-of-the-art blockchain technology enabled us to build the unique combination of product traceability, data integrity and members confidentiality for our solution to the bullion market.” Urs Röösli, CEO of aXedras Ltd.
The financial-grade Corda Enterprise version of R3 is the ideal technical foundation for the Bullion Integrity Ledger™. Based on this foundation, aXedras™ built a unique market platform solution which ensures strict confidentiality, data integrity and traceability about the product provenance and chain of custody of precious metals.
The Bullion Integrity Ledger™ addresses all stakeholders along the value-chain of the physical precious metal market. Nevertheless, the members of this trusted network solution keep full control and ownership of their data thanks to its unique use of modern distributed ledger technology.
“As blockchain technology’s potential to bring increased efficiencies comes to the fore, we are seeing R3’s own Corda platform being leveraged across more varied and diverse industries. The precious metals industry is one such example of R3 and Corda’s cross-sector reach. Our Corda Enterprise platform is ideally suited for businesses looking to reap all its benefits such as increased security and scalability capabilities. We are proud to be the platform of choice for aXedras™ as they look to bring a blockchain solution to the bullion market.” Cathy Minter, Chief Revenue Officer at R3.
About aXedras™
aXedras Holding Ltd, founded in December of 2018, is an independent information technology provider headquartered in Zug, Switzerland. Its objective is to take the precious metal industry to the next level of digitalization. The blockchain-based Bullion Integrity Ledger™ is a member-based trusted data network for peer-to-peer interaction between the stakeholders of the bullion market. The Bullion Integrity Ledger™ ensures the unique combination of integrity, traceability and confidentiality of data and business transactions. Learn more at www.axedras.com
About R3
R3 is an enterprise blockchain software firm working with a global ecosystem of more than 300 participants across multiple industries from both the private and public sectors to develop on Corda, its open-source blockchain platform, and Corda Enterprise, a commercial version of Corda for enterprise usage. R3’s global team of over 200 professionals in 13 countries is supported by over 2,000 technology, financial, and legal experts drawn from its vibrant ecosystem. The Corda platform is already being used in industries from financial services to healthcare, shipping, insurance and more. It records, manages and executes institutions’ financial agreements in perfect synchrony with their peers, creating a world of frictionless commerce. Learn more at www.r3.com and www.corda.net
Contact aXedras: info@axedras.com