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Category: Blockchain (page 2 of 3)

Govt to explore blockchain tech for ushering in digital economy

The govt will explore the use of blockchain tech to ring in the digital economy. “The government will explore the use of the blockchain technology proactively for ushering in the digital economy,” Minister of State for Finance Anurag Singh Thakur said in a written reply in Rajya Sabha. The MoS said that the govt does not consider crypto-currencies legal tender and will take measures to eliminate the use in financing legal or illegitimate activities.

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Wipro to takeover IT operations of German firm in $700m deal

Wipro is taking over the IT operations of German food services firm Metro AG for five years in a $700 mn deal. The Bengaluru headquartered company will take over the IT units of Metro AG – Metro-Nom – in Germany and Metro Systems in Romania. The deal, which is expected to close by April 2022, has the potential to go up to $1 bn if extended by another four years. 1,300 Metro employees in Germany, Romania and India will be transferred to Wipro.

Infosys to be ATP’s Global Technology Service Partner for another 3 years

Infosys and men’s professional tennis governing body ATP has renewed partnership for another three years. As ATPs Global Technology Services Partner and Digital Innovation Partner, Infosys will leverage AI, Data Analytics, and Cloud to develop and innovate a dedicated digital tennis platform to deliver quality experiences for players, media, and fans. Infosys had developed ATP’s critical digital assets and infra — PlayerZone, Stats Leaderboards, Second Screen, the ATP app etc.

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Tech M, Subex join hands to drive blockchain-based solutions for telcos

IT firm Tech Mahindra and telecom analytics solution provider Subex joined hands to drive adoption of blockchain-based solutions for telecos across the globe. These solutions will reduce fraud, drive operational efficiencies for telcos by reducing compliance issues and faster time-to-market. Tech M will use its capabilities in OSS and BSS domain, while Subex’s will exploit its blockchain network and the capabilities of an enterprise-grade DLT network.

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Synchrony, Hyderabad varsity partners for first blockchain project for farmers

Synchrony and the University of Hyderabad have signed an MoA to help fund the country’s first blockchain project for providing financial services to farmers. The three year PPP project aims to bring farmers and financing experts together to simplify the exchange of information and payments. The key objective is to reduce the costs for farmers who cannot access loans from formal channels of lending and provide AI-based tools to project future cash flows of farmers.

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Nutanix announces partnership with Microsoft Azure

Nutanix has partnered Microsoft to deliver a single software stack across public and private clouds, resulting in increased agility, streamlined operations and significant cloud savings. Both companies will focus on extending Nutanix hybrid cloud infra to Azure. Their solution will enable customers to run hybrid workloads seamlessly across private and public cloud, without needing to rearchitect their apps. It will also reduce cloud management costs.

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Tech M partners AWS to build blockchain-based solutions

Tech M is teaming up with AWS to build blockchain based solutions using Amazon Managed Blockchain. The company, through the AWS Marketplace, will offer blockchain services in the following areas: Aviation and Aerospace Kit Management; Outbound Logistics in Telecom Supply Chain; Medical Material Track and Trace in Healthcare Supply Chain. Tech M will also offer these services in industries like Banking and Financial Services, Retail, Oil & Gas, Telecom etc.

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COVID-19 boosts Blockchain-based projects in supply chain: Report

While there have been many cancellation and postponements in Blockchain-based projects in COVID-19 times, those related to supply chain and logistics have actually increased, according to a new report. The pandemic underscored the broken points in current supply chain and logistics systems, increasing the demand (from vendors and buyers) of DLT. Blockchain automates processes around shared and trusted data, reduces cost and increases supply chain efficiency.

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AI, Blockchain, IoT for supply and demand management in farming – Agri10x

Agri10x is a GOI-backed AgriTech start-up with 10L+ farmers onboard. It plans to ramp up the number to 30L by December 2020. The start-up uses new-age techs like AI and data precision to determine the ideal time in a year to sell the given crop. IoT, far off sensors enable remote monitoring of the fields. Blockchain technology maintains transparency in the supply chain. Plant wellbeing, soil condition, temperature, dampness etc can also be checked.

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