Blockchain technology has gained colossal popularity amongst prominent companies as well as governments. Several platforms across the globe have been trying to incorporate blockchain technology into various industries. With almost every country exploring the prospects of blockchain tech, India decided to jump onto the bandwagon. The country’s prominent IT company recently revealed the onboarding of blockchain tech.
Tech Mahindra Partners With Amazon Web Services
On Monday, Tech Mahindra revealed that the IT company was collaborating with Amazon Web Services [AWS] to roll out blockchain technology-based solutions. The platform will reportedly utilize the potential blockchain solutions specifically in healthcare, telecom as well as aviation sectors. However, the Indian multinational tech company intends to deploy blockchain solutions for other services including finance, banking, manufacturing, oil, and gas along with retail.
As reported by The Economic Times, Tech Mahindra is said to look into the aforementioned projects in the next 12 to 18 months. Elaborating on the firm’s latest move, Rajesh Dhuddu, the Blockchain and Cybersecurity Practise Leader at Tech Mahindra pointed out the importance of the inclusion of blockchain tech particularly during the time of the ongoing pandemic. He detailed,
“Global businesses are facing sustained headwinds and struggling to collectively navigate and strategize in this new, unchartered territory and facilitate business continuity in the current COVID world. Ensuring supply chain continuity is paramount and needs more attention in the coming times.”
For the aviation sector, the IT firm plans on utilizing blockchain tech during the delivery procedure to track and trace kits. Furthermore, for the medical industry, blockchain solutions would mainly be used to track and verify deceitful medical materials like face masks, gloves, PPE kits as well as sanitizers.
Additionally, Rajesh Dhuddu highlighted the need for platforms to tackle the issues they face via blockchain tech. He added,
“Our collaboration with AWS will support future pandemic preparedness and accelerate an economic rebound post COVID-19 for organizations operating global supply chains and eliminate siloes.”
Tech Mahindra is not new to blockchain tech as back in July, the Indian IT giant rolled out a platform dedicated to the entertainment industry with blockchain-based digital contracts and rights, developed by IBM’s blockchain platform.