Partners Group and inacta make blockchain very real

07.09.2017 10:02
Blockchain

Partners Group, a role model for every startup in the finance sector in Switzerland, and inacta, a young consulting company, teamed up. Partners Group has implemented a document-verification solution using smart contracts and based on the Ethereum blockchain. The solution provided by inacta facilitates greater security and process efficiency for Partners Group. It is a first step towards using smart contracts on a larger scale.

There is a lot of hype swirling around blockchain. However, there are some companies which are cutting through the hype and getting down to the business of putting blockchain solutions to work in a very real way.

One of them is Partners Group – a global private markets investment manager, serving over 900 institutional investors worldwide. With the help of inacta, an independent IT consulting company based in Zug, Switzerland, the asset management company has implemented a document-verification solution using smart contracts and based on the Ethereum blockchain.

 “Even though blockchain is still in the R&D stage, it’s very clear that it can already start to have a positive influence on businesses here and now,” says inacta's Managing Partner Ralf Glabischnig.

The signing service solution provided by inacta requires timestamp and sender authentication for agreements between two parties, facilitating greater security and process efficiency for Partners Group. It is a first step towards using smart contracts on a larger scale.

“We are looking to the future,” comments Dr. Raymond Schnidrig, Partner and CTO at Partners Group. “And we see the potential to use the blockchain technology in several of our existing operational processes as a means of ensuring counterparty security for the ultimate benefit of our clients.”

Partners Group as a role model
It is no wonder that this development comes out of Zug – a hot-bed of blockchain activity and home to the Crypto Valley Association, of which inacta is a founding member. The success of Partners Group, founded in 1996 in Zug, shows in an impressive way that it is possible to build up globally successful companies in the finance sector in Switzerland.

About inacta 
An independant, Swiss IT consulting firm, inacta AG is located in Zug and employs more than 40 experienced digital consulting experts supporting a wide range of organisations from the insurance, banking and healthcare industries.

(SK)

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