BlockchainNews

India’s Tech Mahindra to Set up Blockchain Centre Within R&D Arm

What Is India Doing in Blockchain?

So far we have heard several negative stories from media about Government of India not supporting blockchain technology. Definitely, there are few apprehensions by regulators in India about the legality of cryptocurrencies. Reserve Bank of India (RBI) and some officials from finance ministry, are specifically against cryptocurrencies to save investors from ICO scams and cryptocurrencies frauds. Due to the anonymous nature of cryptocurrencies its much easier to scam innocent investors and disappear with their hard earned money, as many similar incidents have been reported all over the world.

However, inspite of government concerns “Corporate India” is adopting Blockchain as a technology in a big way. Recently, PM Modi’s expressed his favorable views about harnessing the technological benefits of Blockchain technology. We already know Reliance Industries, the biggest Indian conglomerate is already working on implementing their own cryptocurrency.

Recently, a new entrant in this promising technology is Tech Mahindra, a well known Indian IT giant. To effectively utilize blockchain technology Tech Mahindra is already training 20 engineers for harnessing their blockchain skills in high end space research programs.

Tech Mahindra recently announced to set up a Blockchain centre within its R&D arm “Makers Lab” at its Hyderabad facility. The fundamental aim to setup research centre is to facilitate co-innovation in the space, developing enterprise grade solutions for customers across industries globally through blockchain technology.

For this purpose company is setting up a novel tech programme called “TechM BlockGeeks” at its Hyderabad R&D center to promote blockchain technology.  Under the TechM BlockGeeks programme eligible candidates will be provided comprehensive training to successfully implement various blockchain protocols and create smart contracts.

However, this is not the end of story as Tech Mahindra is aggressive in pursuing other tech partners, who have experience in blockchain technology. Just few months back they signed strategic partnership with ChromaWay, a pioneer in Blockchain technology, to bring new solutions to Indian as well as global markets. ChromaWay has already demonstrated expertise in utilizing this innovative technology in Land registration and real estate sector.

Tech Mahindra’s new partnership with Switzerland based ChromaWay strengthens its initiative to make strategic investments in latest disruptive technologies like Blockchain. TechM BlockGeeks programme at Hyderabad is the right logical step in that direction and further supplements it’s partnership programme. Its just a matter of time, when these baby steps give them an early lead in blockchain technology, compared to other Indian IT giants.

If you like above article then Bloqtimes recommends below articles which might be of interest to our readers:

What is Zebpay, How to Buy Bitcoin in India
10 Must Known Facts About Ripple
People Who Lost Millions of Dollars in Bitcoin

Like our article, then support us by sharing it with your friends on social media and feel free to leave any thoughts & comments below the article.

Follow Bloqtimes on Twitter and Facebook for latest Bitcoin, Blockchain and Crypto News.

If you have any feedback or suggestions do contact us at: contact@bloqtimes.com

Tags

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Close