The Global Blockchain Market is Expected to Grow Rapidly in the Coming Years

Appian Corporation (NASDAQ: APPN) provides a leading low-code software development platform that enables organizations to rapidly develop powerful and unique applications. Luxoft Holding Inc., a global IT service provider, recently announced that it has built a blockchain adapter for Appian's rapid application development platform. It is now available exclusively to businesses using Appian's Business Process Management (BPM) tool and will allow its users to integrate a blockchain network into their day-to-day business processes, creating a secure, digital environment that facilitates data sharing. Luxoft will demonstrate how the adapter can be used to benefit the healthcare sector for the first time at Appian World in Miami, FL, U.S. at the Luxoft booth (#16). In particular, Luxoft will show how the blockchain adapter can reduce claims processing errors and inaccurate medical bills. The blockchain creates a secure, reliable and auditable way for medical and pharmacy systems to share and update real-time accumulators, meaning medical insurers, healthcare providers and pharmacies using the Appian Platform instantly have access to the same claim data. "At Appian we value our partner ecosystem and are committed to supporting them as we grow in the key Healthcare market," said Marc Wilson, Senior Vice President of Global Partnerships & Industries at Appian. "Blockchain impacts organizations across all industries, but it is an especially difficult challenge within the Healthcare industry given the complexities they face. Through our partnership with Luxoft, our customers now have a solution specifically designed to address these needs within the Appian platform."

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE: BBVA) has been developing a strategy for years based on diversification in markets with high growth potential, a customer-centric business model and technology as a key element in order to face the transformation process being experienced in the financial sector. Recently, BBVA successfully completed the first global corporate loan transaction using blockchain technology from the negotiation of the deal to its signing, in line with their close collaboration to leverage cutting-edge technologies to streamline business processes. The pilot enabled the closing of a EUR 75 Million loan using a solution developed by BBVA based on distributed ledger technology (DLT). This demonstrates how BBVA continues to incorporate innovative and disruptive technology into its customer solutions, including those products that up to now have seen limited digital innovation, as is the case with wholesale finance. BBVA's Global Head of Customer Solutions, Derek White, said: "BBVA's digital transformation continues to gather pace and reach into new areas, and this is a prime example of where disruptive technology can add real value to business processes. The use of blockchain in this transaction has greatly increased transparency and speed, while equally improving efficiency - it's a win win for both us and Indra."

Wipro Limited (NYSE: WIT) is a leading global information technology, consulting and business process services company. Wipro Limited recently announced that it has joined the Blockchain in Transport Alliance (BiTA) to spearhead the development of blockchain standards and drive blockchain adoption in the transportation industry. Srini Pallia, President, Consumer Business Unit, Wipro Limited said, "Our membership with BiTA is reflective of our commitment to be an integral part of blockchain-driven transformation in the transportation industry. We will collaborate with BiTA and our customers to take a business use-case approach and leverage blockchain to solve complex new-age logistics and transportation issues. We also look forward to actively contributing to the standards for the use of blockchain in the transportation and logistics industry, and working closely with our global customers to bring these standards to action in their blockchain journey."

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