tech2 News StaffMay 18, 2017 15:50:27 IST
Wipro has announced that it has developed nine different blockchain based solutions for use in various industry sectors. Blockchain, also known as distributed ledger technology, is a secure and low cost way to maintain records. The solutions have been developed for the Banking Financial Services and Insurance, Manufacturing, Retail and Consumer Goods industries. The solutions cover areas such as payments, deliveries, insurance, trade finance, collateral management and loyalty rewards.
"Our approach to blockchain is innovation-led, powered by our industry acknowledged advisory and consulting capability and a strong CoE (Centre of Excellence) focus, designed to help client businesses innovate. Global clients are keen to de-mystify blockchain technology and actively pursue blockchain solutions for identified use cases, which can rapidly scale to production. The next-generation of digital ecosystems will be built on blockchain, and hence we recognize the importance of investing in, and scaling blockchain programs in line with client requirements," said Krishnakumar N Menon, Vice President, Service Transformation, Wipro Limited.
The products have been created with inputs from clients at Wipro's blockchain innovation lab. The lab allows for rapid prototyping of new solutions with blockchain environments in a cloud based lab, pre-defined use-case blueprints, as well as ready to use solutions. The lab also hosts providers of specific blockchain services. The solutions are a demonstration of what bllockchain has to offer to enterprises.
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