By
Godfrey Benjamin
April 26th, 2024
Tech Mahindra announced it was teaming up with Amazon Web Services (AWS) to build solutions based on blockchain technology. The company will introduce blockchain solutions built on Amazon Managed Blockchain to global customers.
Indian multinational technology company Tech Mahindra Ltd intends to make and expand an exhibit of blockchain solutions regarding the Amazon.com Inc (NASDAQ: AMZN) Managed Blockchain during the next 12 to 18 months. According to reg recent reports, this tech behemoth decided to partner with Amazon Web Services and a few other organizations in order to deliver its blockchain solution to its users worldwide.
Tech Mahindra, the ancillary of the Indian conglomerate, Mahindra Group, said it will work on blockchain solutions for the sectors as aviation, telecom and healthcare while at the same time it will pursue projects for its banking and financial services, retail, manufacturing, and oil and gas clients.
Rajesh Dhuddu, Blockchain and Cybersecurity Practice Leader, Tech Mahindra said:
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.”
Tech Mahindra and Amazon to Facilitate Business Continuity
Their major focus is to rattle the supply chain across these sectors in order to “facilitate business continuity” even when the global pandemic is happening.
The company intends to utilize blockchain in order to help the aviation industry track and trace “kits” throughout the delivery process. They said they plan to also create new solutions that help hardware vendors in the telecom sector get more visibility in the supply chain.
The healthcare sector will therefore be able to use Tech Mahindra’s blockchain solution in order to track and recognize counterfeit or fake medical products as are, for example, personal protective equipment kits, face masks, and sanitizers.
Tech Mahindra recently launched a blockchain-based digital contracts and rights platform built on top of IBM’s blockchain. It is intended for helping artists from the media and entertainment industry to track their royalty payments, digital rights and profits.
Just for a reminder, the IT subsidiary of the Indian conglomerate has launched this blockchain-based digital contracts and rights platform for the media and entertainment industry.
Dubbed the “Blockchain-Based Contracts and Rights Management System” (bCRMS), Tech Mahindra has pitched the platform as a key tool for preventing digital piracy.
The IT company also started an accelerator program together with the government of the southern Indian state Telangana in order to promote blockchain innovation in the state.