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Markus Tradt, CTO, appointed to Board of Directors for the Corda Network Foundation

B3i Markus Tradt Corda Foundation

Markus Tradt, CTO, appointed to Board of Directors for the Corda Network Foundation

Since B3i’s adoption of the Corda (R3) platform, the team have been advocates of the technology and its adoption in the market. In June 2018 B3i Chief Technology Officer, Markus Tradt, said of the platform: “The Corda platform offers the optimal solution in the market to deliver the B3i roadmap and our industrywide insurance blockchain ecosystem.”

Today, this continues to be true as we are delighted to announce Tradt’s appointment to the Board of Directors for the Corda Network Foundation. A separate legal entity responsible for the overall governing of Corda Network, comprising senior figures from across financial services and other businesses building on Corda. The formation of this board ensures that the participants in Corda Network will have control over its future. The main responsibilities of the Board are to act as the formal decision-making authority for the Network.

 

Read more: R3 Press Release - Corda Network announces Board of Directors to establish independent governing body

 

Of his appointment, Tradt said: “The work to move governance of Corda Network from the enterprise blockchain software firm R3 to a separate legal entity, is a significant move and opportunity for the market to define the future of this platform.

 “Personally, I am delighted to be taking forward this initiative as we have been working closely with the Corda team for quite a long time. The market continues to grow and adapt, this is an important step towards ensuring interoperability across business networks and guaranteeing openness and transparency for its users."

 

About Markus Tradt

Markus is the Chief Technology Officer for B3i. Leading a team of experienced software engineers and architects, he is responsible for defining and delivering the technology architecture and strategy.

Previously responsible for the global Blockchain initiative at Munich Re he has been active in the Blockchain community since 2015.

Markus has extensive experience in the areas of ERP development (SAP) and IT Architecture including the design, build and run of global enterprise IT systems. In previous roles, he had responsibility for IT architecture, system integration, asset management, accounting, regulatory reporting and underwriting systems.

 

About B3i

B3i is a global initiative supported by 16 major insurance industry investors and a diverse community currently comprising over 40 companies. B3i was founded in October 2016 as an insurance industry consortium, which then formed B3i Services AG as an independent company.

B3i is building a broadly-supported platform and protocol to address critical insurance industry needs through growing its network and developing partnerships with other company-led and industry-led initiatives throughout the world.

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