Mindtree, a leading digital transformation and tech service company, appointed Venu Lambu as President of Global Markets. He will be responsible for accelerating Mindtree’s revenue growth. Lambu will be based in London and will formulate strategic directions and business development for Mindtree business across all industry segments. He has held leadership roles at Cognizant, HCL Technologies, IBM and has 25 years of experience in tech and service industry.
Insurance: Blockchain can automate the insurance process, ensure smooth claims and cut insurance fraud. Banking: Blockchain is used to validate identities, detect fraud in KYC rules. Travel: Blockchain’s P2P transaction feature avoids middleman between a traveller (looking for accommodation) and host. Data storage feature can save information about frequent travellers, later sending it directly to officials for checking. This reduces time for passport checking.