Pune: Tech Mahindra announced Blockchain-based solutions and services built on Amazon Managed Blockchain to its global customers using Amazon Web Services(AWS).
Amazon Managed Blockchain(AMB) is a fully managed blockchain service that makes it effortless to create and manage scalable blockchain networks utilizing the open-source Hyperledger Fabric and Ethereum frameworks. One can write smart contracts and applications and run them on the blockchain network to transact securely.
IT firm Tech Mahindra will collaborate with Amazon Web Services (AWS) to build solutions based on Blockchain technology across the aviation and aerospace, telecom, and healthcare sector.
According to Rajesh Dhuddu, Blockchain and Cybersecurity Practice Leader, Tech Mahindra.
“Organizations are advised to leverage technologies like Blockchain to address the challenges and create a competitive advantage for themselves. TechM collaboration with AWS will support future pandemic preparedness and accelerate an economic rebound post-COVID-19 for Global organisations operating global supply chains and eliminate silos.”
The collaboration reflects the Tech Mahindra’s commitment to focus on providing solutions that enable digital transformation and meet the customer’s evolving needs.
According to a Forrester report, the development of blockchain-based projects related to supply chain and logistics has accelerated due to the coronavirus pandemic.
Tech Mahindra has plans to develop and market several Blockchain solutions across industries like banking and financial services, telecom, retail, manufacturing, oil and gas, travel and logistics, and healthcare in the next 12 to 18 months.
According to one of the reports, Tech Mahindra Blockchain offering will specifically include below:
- Aviation and Aerospace: Kit Management to effectively track and trace ‘kits’ after obtaining from suppliers in the aviation industry.
- Telecom Industry: Visibility and reporting on the Expected Time of Arrival (ETA) for Original Equipment Manufacturers (OEMs)
- Healthcare Sector: Tracking and identifying fraudulent medical materials (Personal Protective Equipment (PPE) Kits, face masks, gloves, and sanitizers) through the medical supply chain.
There is no up-front cost or commitment with Amazon Managed Blockchain. For Hyperledger Fabric on Amazon Managed Blockchain, one has to pay an hourly charge for the network membership, peer nodes, and peer node storage. One also pays for the amount of data that write to the network. Once finished with an Amazon Managed Blockchain network, one can leave the network and stop paying.
Tech Mahindra is 5th largest Indian IT firm. Tech Mahindra is a US$5.2 billion company with 125,236 employees across 90 countries(As of April 2020).