• Wed, 21 Aug 2019, 11:20 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Many blockchain solutions of IBM, TCS, Wipro go live as clients see potential

Davidstankiewicz [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)]

Wed, 17 Jul 2019, 11:36 am UTC

Blockchain technology solutions of IBM, TCS, and Wipro are now starting to be used in live projects, marking a shift from using them for proof of concept (PoC) or pilot projects, according to the Economic Times.

As per the report, the move follows after clients saw the potentials of the blockchain technology. IBM, for instance, has witnessed success in projects that are now moving up towards large-scale production. It can be recalled that the company helped deploy solutions for the Telecom Regulatory Authority of India (TRAI) and Bharti Airtel to prevent spam calls.

Organisations have matured in their understanding of blockchain through education and experimenting with PoCs… There is a change in culture where organisations want to move on from PoCs to working pilots,” Jitan Chandanani, IBM India/South Asia Blockchain Offerings and Engagement Leader, said.

Wipro, on the other hand, is seeing the same response, noting that the maturity level of its clients has increased, especially in the fields of the energy utility, manufacturing, and consumer sectors.

Many of the deals, which are in a pilot stage, are planned to go into production compared to a year or two back where we would have done a PoC and discarded it and gotten into another PoC,” Krishnakumar N Menon, Wipro Vice President – Service Transformation and Blockchain Theme Leader, noted.

The go-live of projects is also a success being experienced by TCS. “I feel there is a bigger opportunity, but we will move at the pace our customers want us to move in this area,” N Ganapathy Subramaniam, TCS Chief Operating Officer, said.

However, while India appears keen on blockchain technology, it is apparently not as supportive of cryptocurrency. Just recently, a copy of a draft bill, entitled “Banning of Crypto Currency & Regulation of Office Digital Currency Bill 2019,” which seeks to ban cryptocurrencies in India, has surfaced online.

As reported, the document stated that the use of cryptocurrencies as a medium of exchange, store of value, and/or unit of account is banned in the country. It also prohibits its use as legal tender at any place in India.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,155.30 (-4.95%)
  • Ethereum (ETH) $187.98 (-4.77%)
  • XRP (XRP) $0.264200 (-3.92%)
  • Bitcoin Cash (BCH) $300.10 (-5.83%)
  • Litecoin (LTC) $71.82 (-4.98%)
  • Bitcoin (BTC) $10,155.30 (-4.95%)
Aug 21, 2019 (Wednesday)
11:10
Thailand’s Siam Cement Group seeks to expand Corda-based ‘Procure to Pay’ solution to 2,400 suppliers by 2020
10:40
Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside
10:21
Blockchain settlement startup Fnality adds former UBS and IMF executives to management team
09:17
Austrian telecom giant A1 to offer cryptocurrency payment option
09:02
Japan's Amaten, Aelf to revolutionize gift card market using blockchain
07:37
Crypto Technicals: Monero (XMR) recovery falters at major trendline resistance, slips below cloud
07:34
Blockchain securities issuance platform iownit.us obtains approval from FINRA
06:37
Crypto Technicals: ETH/USD struggles to extend gains beyond $200 mark, bias bearish below 200-DMA
06:18
Square Crypto hires Blockstream co-founder Matt Corallo to boost bitcoin adoption
06:16
Commonwealth Bank of Australia develops blockchain-based marketplace and token to protect biodiversity
05:40
Crypto Technicals: Bitcoin fails to take out $11K mark, tumbles below 55-EMA support (10428)
05:07
EMURGO inks MOUs with South Korean trade associations to boost Cardano adoption
04:15
China may launch its central bank digital currency ahead of Facebook's cryptocurrency Libra
04:06
Winklevoss twins may partner with Facebook on cryptocurrency
04:02
Malta-based crypto exchange CGEX to shut down after less than a year of operation
04:00
Bank of America files patent for multi-tiered crypto wallet
Aug 20, 2019 (Tuesday)
14:02
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:14
HSBC inks agreement to tap Identitii’s blockchain-based information exchange platform ‘Overlay+’
11:59
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:29
Crypto Technicals: XRP/USD fails at 21-EMA, resumes weakness with 'Doji' formation
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft