Infosys: Blockchain Tech Adoption Won't Take A Decade
IT consulting giant Infosys believes that estimates for how long it will take blockchain technology to achieve mainstream adoption are greatly exaggerated. According to Infosys principal technology architect Peter Loop, work on blockchain applications will benefit from an accelerating pace of overall tech adoption that will soon put pressure on existing legacy financial solutions. "It’s not 10 years away. It’s years or less away. The way the pace of technology works, the way continuous integration works, these things will be integrated pretty quickly once it happens," Loop said in a new....
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Infosys has unveiled its EdgeVerve Blockchain Framework, designed to further the adoption of blockchain technology by the financial services sector. Would this translate into speedy deployment of blockchain technology? At the Infosys Confluence Global Client Summit in San Francisco on April 27, Infosys unveiled the EdgeVerve Blockchain Framework. The framework is designed to further the adoption of blockchain technology by the global financial services sector. The framework is a permissioned ledger which has been designed specifically for the banking sector. According to the Company,....
Infosys will become the latest IT services giant to announce the introduction of a blockchain offering through its EdgeVerve Systems subsidiary today at its Infosys Confluence conference in San Francisco. Called the EdgeVerve Blockchain Framework, the product is aimed at furthering the adoption of blockchain tech in the financial services sector. Built on a permissioned distributed ledger, Infosys said the product will allow banks to "rapidly deploy" blockchain services, among other benefits. In promotional materials, EdgeVerve described the distributed ledger platform as....
The India-based tech company Infosys (NYSE: INFY) has announced the company is rigorously researching blockchain technology. The business plans to boost its exploration into the distributed ledger initiatives and build a development center. Infosys will initiate its blockchain inquiry project based in Ireland where it will offer 95 new tech-related employment opportunities. The latest R&D offering by Infosys will incorporate financial technology within its study, but distributed ledger systems will be a primary focus. The firm believes that this technology can help unite customers and....
For the time being, Infosys has not released specific details regarding their ongoing negotiations with various banks in India. Blockchain continues to attract interested players, and Infosys is in talks with banks to adopt a modified of blockchain technology. They will not use the Bitcoin blockchain, though, but rather a private version of distributed ledger technology. Bitcoin and blockchain enthusiasts will have heard the name Infosys before, as this Indian IT giant has established EdgeVerve Systems. The primary purpose of this subsidiary is to explore the boundaries of blockchain....
Indian software services giant Infosys is looking to double its existing staff in Ireland by adding 250 new jobs in areas such as blockchain and analytics. A new expansion plan by Infosys will include new jobs at the company's first dedicated, product-centric research and development lab outside India in its endeavor to expand operations in Ireland. The company notes that 95 jobs will be added to the facility while a second Irish facility is expected to gain 155 new jobs. The R&D center is specifically positioned to focus on Fintech research and development. The center will embrace an open....