Othera is helping lenders to re-imagine the issuance and sale of digitised loans and is working with EY, Netherlands on joint project for lenders
SYDNEY, NSW, AUSTRALIA, September 25, 2017 /EINPresswire.com/ — Othera, a blockchain technology company that is helping lenders to re-imagine the issuance and sale of digitised loans, has begun pilot discussions with accounting and consultancy firm, EY- Netherlands.
Othera’s pilot discussions form part of a larger corporate innovation initiative with EY and Netherlands accelerator, HightechXL. Othera entered the corporate program after selection at HightechXL’s Impact Summit in July this year, and were one of 5 businesses chosen from over 75 who participated.
The Netherlands have a reputation for Innovation and EY is actively exploring blockchain
The Netherlands have built a solid reputation as a technological innovation hub. They are ranked third on the Global Innovation Index and are also home the No. 1 rated tech hotspot in Europe with over 150 tech companies and 40+ startups operating out of the former Phillips campus in Eindhoven.
EY, for their part are one of the leading, global consultancies, and have been active thought leaders on the application of blockchain technology across a range of industries. They are also involved in practical deployment of blockchain; including participating in initiatives such as the Hyperledger project, a shared car ownership scheme, and the recently announced launch of the world’s first marine insurance blockchain platform in conjunction with Guardtime and industry participants.
The combination of EY’s thought leadership and collaborative blockchain development, as well as the Dutch’s reputation as innovators who deliver lasting technological solutions is an attractive and promising proposition for John Pellew, Othera’s CEO and Founder, “EY’s corporate innovation team have already demonstrated that they are open and think creatively about solving their client’s complex problems. We are working with some of the most innovative thinkers in Europe and I’m very optimistic that we can utilise their expertise, together with Othera’s blockchain technology to solve lenders’ current liquidity challenges”.
Progress so far
John and his team travelled to Eindhoven, Netherlands last week to begin the first of three strategic sprints with EY. In preparation, EY had already identified lending use-cases that could leverage Othera’s enterprise blockchain platform for the digitisation, issuance and sale of digital assets. They have also begun activating consultants to research and contribute expertise in the areas of legal, taxation, lending, risk and technological implementation.
When asked why he wanted to work with EY, John said, “The value in this initiative lies in the fact that both parties are leveraging their unique expertise to solve real liquidity challenges faced by loan originators. I think this will guarantee a more thorough analysis and conceptual mapping of the problem, which will help us to tailor our product and deliver a focused solution- oriented outcome that meets the needs of EY’s clients.”
The objective for the EY corporate launchpad is to progress to commercial pilot in 2018. This is already looking possible through the dedicated involvement of EY’s team who are helping speed up what can be a protracted and high friction process.
For Othera, their participation in the corporate launchpad program with EY provides an opportunity to accelerate expansion into Europe. As John Pellew, CEO and founder of Othera said, “This program offers an invaluable shortcut towards integration of our technology into European businesses in conjunction with EY, a reputable provider of business advisory services to global companies.”
Othera’s enterprise blockchain technology is reimagining the lending process. From origination through to the issuance and trade of digital loan tokens, our proprietary blockchain and smart contract technology assists lenders to realise greater liquidity, and to reduce costs and risk in their business.
More information is available at http://www.othera.io
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Source: EIN Presswire