Tech Mahindra to Launch Blockchain Technology in India

Nishanth Shetty

Nishanth Shetty

April 13, 2018 11:50 am

Tech Mahindra to Launch Blockchain Technology in India | Coindelite News
10192 Total Views

Tech Mahindra Collaborates with Blockchain Firm ChromaWay

IT services firm Tech MahindraNSE has collaborated with Stockholm-based ChromaWay to present blockchain technology solutions to the Indian market.

ChromaWay and Tech MahindraNSE will be focusing on developing core technologies essentially for land registration and real estate process orchestration.

Tech Mahindra announced that ChromaWay’s experience in developing blockchain solutions for government offices in Sweden and Andhra Pradesh would be useful for the technology solutions to be developed through this partnership.

The firm declared:

“Together, they aim to build on the existing strong relationship with the governments, and in due course expand to neighbouring states. The ultimate goal of this partnership is to have the open-source technology platform powering a rich ecosystem of applications both in land registration and beyond, on a global scale.”

Furthermore, As of now, the Indian government is continuously working towards exploring opportunities to bring more transparency in land records and registration systems.

The country’s policy think tank NITI Aayog told it would bring out a discussion paper on the proposed use of blockchain technology in areas like land records, electronic health records as soon as possible.

Tech Mahindra told ChromaWay has experience in working with banks, companies, and organizations across five regions and its product, Postchain, the world’s first consortium database, unites the best features of database and blockchain technology.

Vivek Agarwal, Global Head Enterprise Verticals Solutions and Portfolio Companies at Tech Mahindra said:

“Distributed ledger technology is becoming mainstream. Public sector and governments would be amongst the largest beneficiaries, as blockchain technology would help them in streamlining their processes and making them transparent. We have found ChromaWay’s solution quite powerful; something that can help address some of the challenges our public sector has.”

No Comments
Belgium Offers World Food Programme Blockchain Project

World Food Programme Blockchain Project to be Contributed by Belgium According to World Food Programme report, the government of Belgium is going contribute €2 mln for promoting a Blockchain project through World Food Programme (WFP). The donation would allow United Nations (UN) to utilize Blockchain technology to fight against hunger …

Amazon Web Series is Making the use of Hyperledger and Ethereum easy

Amazon Web Series to Start a New service for Hyperledger and Ethereum easy Amazon Web Services has recently announced the service it is going to launch out-of-the-box a blockchain service for Ethereum and Hyperledger Fabric protocols. AWS chief evangelist Jeff Barr wrote in a blog post: “Recently available templates allow …

Huawei to Launch Blockchain as a Service Platform

Blockchain Technology to be Used by Huawei as a Service Platform Chinese Telecommunication firm Huawei announced its latest Hyperledger-fuelled Blockchain service at a conference in Shenzhen on Tuesday. The Blockchain-as-a-service(BaaS) tool, which is launched a month after the release of Huawei and Hyperledger’s joint project Caliper and will be known as …

IBM and Salon Media to Stop Frauds in Ads Industry through a Blockchain Pivot

IBM and Salon Media collaborate for a Blockchain Project to Stop Fraud in Ads Industry According to the reports, IBM and Salon Media are going to lead a proof-of-concept blockchain product developed by AdLedger which is a nonprofit consortium that develops shared ledger technologies for the digital advertising market. “The …

Cognizant to Adopt Blockchain for Cross-Company Data Sharing

Cognizant Partners with Insurers to build Blockchain Data Sharing Platform Cognizant has collaborated with fourteen Indian insurance companies in order to develop a blockchain solution for cross-company data sharing. The firm announced in a statement that on Monday that the platform was built to let the companies securely share data …

India’s Largest Private Sector Bank on-boards over 250 Corporates on its Blockchain Platform

ICICI Bank Welcomes More than 250 Corporates on its Blockchain Platform On Tuesday, ICICI Bank announced that it has successfully on-board over 250 corporates on its blockchain for domestic and international trade finance transaction. The Bank said in a statement: “This initiative marks another milestone in the bank’s pioneering role …

Press Release