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Blockchain startup SETL has launched a new initiative which will offer a way to clients to test their ideas on the industrial-grade SETL blockchain and swiftly develop go-to-market propositions at scale.
On September 26, SETL announced an open invitation to innovators, product managers and technology architects to engage with SETL Labs.
As per a press release, SETL Labs will allow participants to test their product and process ideas in a rapid prototyping environment, while exposing them to the “first principles of innovating with industrial-grade blockchain technology.” They will also get access to core SETL product suite which underpins the live market infrastructures that are currently powered by SETL.
“This will ensure any prototyping carried out with SETL labs can migrate into a scalable production environment, when the client wishes to go live,” the release said.
Once registered, SETL Labs clients can participate in a sandbox network that carries an instance of a SETL blockchain with user-friendly interfaces along with detailed documentation.
“This initiative draws upon our close customer engagements and our understanding of both financial markets and technology. As a consequence of platform evolution and technology stability, there is no better time to expose the SETL capabilities to a wider audience in an accessible manner,” Dr. Joshua Daniel, Head of Product Strategy at SETL, said.
The launch of this new initiative follows SETL’s corporate restructuring, completed in May this year. Earlier in March, the company had filed for insolvency with the UK authorities and said that it was seeking to sell off its subsidiary ID2S, the regulated central securities depository (CSD), to a larger financial services firm as part of a larger corporate reorganization of the company.
