MultiChain adds 14 companies to programme and enters beta
Blockchain technology company Coin Sciences has released the beta version of MultiChain 1.0, its private blockchain application for Linux and Windows. Coin Sciences also announced that 14 partners, including PwC and Boston Consulting Group, have joined its MultiChain platform partner programme, bringing the total to 27. The programme encourages technical and marketing cooperation between companies using MultiChain. In addition, Coin Sciences announced it will work with contract discovery and analytics provider Seal Software to manage the terms and conditions of its multiparty contracts. The final release of MultiChain 1.0 is scheduled for the summer, according to the company.

A product development and partnership milestone

Today we’re delighted to announce the first beta release of MultiChain 1.0 for Linux and Windows, after more than two years of intensive development. As we’ve said before, our definition is very specific: "beta" means that there are no known bugs or major shortcomings. So the purpose of the beta period is to ensure than any unknown issues are discovered through our own testing, as well as that of our growing user base.

The beta period will last a few months, with the final release of MultiChain 1.0 due in summer 2017. Apart from testing, we’ll also be using this time for further performance optimization. While we (and several partners) have benchmarked MultiChain at ~500 tx/sec on mid-range hardware, we’re planning to push that further for the 1.0 release.

We’re also announcing the addition of 14 companies to the MultiChain Platform Partner Program, bringing the total number to 27. The new members include three multinational consultancies: Boston Consulting Group, PricewaterhouseCoopers LLP and Worldline. Eleven other smaller companies, many of which are focused on blockchain application development, have also joined: Auxesis Group, Crossword Cybersecurity, Cryptologic, Enuke Software, Enuma Technologies, InfoCorp Technologies, Kunstmaan, Minddeft Technologies, Primechain Technologies, RecordsKeeper and Satoshi Citadel Industries. The partner program involves both technical and marketing cooperation, including a listing on the MultiChain website, which now receives over 25,000 visitors monthly.

Apart from partners using MultiChain to deliver client projects, we’re also seeing a different type of collaboration emerge, where software vendors integrate MultiChain into their platform to enable peer-to-peer data sharing and collaboration. Today we’re pleased to jointly announce that we’re working with Seal Software, the market leading platform for contract discovery and analytics. Seal will leverage MultiChain to allow a multiparty contract’s terms and conditions to be shared, negotiated and managed directly on a peer-to-peer basis between the parties involved. This follows our recent announcement of a similar collaboration with Wolfram Research, the company behind Mathematica.

Thank you for joining us on our journey so far. The full text of today’s press release is included below.

MultiChain Adds New Partners and Enters Beta

March 30, 2017 – Coin Sciences Ltd is delighted to announce the addition of fourteen companies to the MultiChain Platform Partner Program, a new collaboration with Seal Software, and the first beta release of MultiChain 1.0.

New members of the Platform Partner Program include three multinational consulting companies: Boston Consulting Group, PricewaterhouseCoopers LLP and Worldline. Eleven other smaller companies have also joined: Auxesis Group, Crossword Cybersecurity, Cryptologic, Enuke Software, Enuma Technologies, InfoCorp Technologies, Kunstmaan, Minddeft Technologies, Primechain Technologies, RecordsKeeper and Satoshi Citadel Industries. This brings the total number of program members to 27, which includes founding partners Accenture, D+H and Mphasis. A full list is now available at: http://www.multichain.com/platform-partners/

Coin Sciences Ltd is also pleased to announce a new collaboration with Seal Software, the award winning platform for contract discovery and analytics. Seal is to integrate MultiChain as a key component of its platform, combining Seal’s machine learning framework for intelligent contracts with MultiChain’s advanced streams functionality. This will enable a single view of a multiparty contract’s terms and conditions to be shared, negotiated and managed on a peer-to-peer basis between the parties involved.

Together with these new partnerships, Coin Sciences is today announcing the first beta release of MultiChain 1.0 for Linux and Windows. The beta release represents the culmination of over 2 years of intensive development, driven relentlessly by feedback from developers building on the platform. During the beta period, additional testing and optimization will take place, with the final version 1.0 release due in summer 2017.

“Since launching the platform partner program in October, dozens of companies have reached out to us,” said Dr Gideon Greenspan, CEO and Founder of Coin Sciences Ltd. “Many had already built projects for their customers on MultiChain, and welcomed the opportunity to create a formal relationship. Others, such as Seal Software and Wolfram Research, sought to integrate MultiChain into their software platforms to enable peer-to-peer data sharing and collaboration. With version 1.0 of MultiChain now entering beta, we look forward to continued cooperation with all our partners, helping them leverage MultiChain for their customers’ needs.”

“Bringing two advanced technologies together like this takes the use of AI- based contract analytics to a whole new level,” said Kevin Gidney, Seal Software’s CTO and co-founder. “I am delighted to be working with Coin Sciences and their MultiChain platform on this opportunity.”

“Joining the MultiChain Platform Partner Program underpins our commitment to maintaining a deep understanding of the different blockchain fabrics available, helping us advise our clients on electing the right solution,” said Seamus Cushley, Director of the PwC EMEA Blockchain team. “PwC has developed blockchain solutions across a wide range of industries with a number of underlying fabrics, including successful engagements using MultiChain. Joining this program offers us early access to releases and priority access to their internal engineering team and we look forward to working with Coin Sciences more closely in the future.”

“We are very pleased to partner with Coin Sciences Ltd,” said Kaj Burchardi, Managing Director of Boston Consulting Group’s Platinion Netherlands division. “In our experience, the MultiChain platform provides an efficient opportunity to implement use cases in permissioned distributed ledger environments. We are convinced that the recent open source code release will give the platform another push in terms of implementations.”

“We are using MultiChain for building several blockchain powered solutions, including shared KYC / AML, syndication of loans / consortium lending, trade finance, asset registry, asset re-hypothecation, secure documents, cross-border payments and peer-to-peer payments,” said Shinam Arora, CEO of Primechain Technologies Pvt. Ltd. “We find MultiChain very powerful yet easy to use.”

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