In 2018, Tech Mahindra designed the Blockchain solution, constituting more than 25% of the Indian market share, in compliance with the regulations and guidelines of TRAI (Telecom Regulatory Authority of India) in order to enable Telecom providers prevent unauthorized access of their subscribers’ data.
Further, Tech Mahindra is also demonstrating Blockchain capabilities in diverse sectors including Telecom, Manufacturing, Hi-Tech Industries and Financial Services. For instance, in the Financial Sector, Tech Mahindra has designed a solution for one of the largest public sector banks in India to provide an immutable record of audit transactions and enable single view of transaction data from multiple systems on the blockchain.
Addressing the organisation’s acceleration in the Blockchain vertical, Rajesh Dhuddu, Global Practice Leader, Blockchain, Tech Mahindra, said, “Blockchain is a focus for corporates and government alike, and is expected to be a trillion-dollar market by 2030. With the concerted and coordinated efforts by the Indian government and the industry backed by appropriate regulation, India can continue to sustain and enhance its leadership position in Blockchain technology. At Tech Mahindra, we are betting big on Blockchain as part of our TechMNxt charter, to deliver tangible business value and empower our customers to provide a completely differentiated experience to their end customers”.
As a part of the TechMNxt charter, Tech Mahindra is progressively investing in next generation technologies to cater to the customer’s evolving and dynamic needs. The digital transformation provider has already identified and is working on a holistic framework called Block Ecosystem that comprises of various levers; Block Studio, Block Engage, Block Talks, Block Geeks, Block Accelerate, Block Access & Block Value, which create industry leading applications that are architected on innovation and human excellence to unlock significant value for all stakeholders.