Infosys Subsidiary Launches Blockchain Platform for Banks
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....
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Keeping in mind how Infosys is an Indian IT firm, it is quite interesting to see companies in this emerging region come to foreground in the world of distributed ledgers Bringing distributed ledger technology to the traditional financial sector will be quite a challenge throughout the next few years. Infosys subsidiary EdgeVerve has launched a new blockchain-based software platform to make this transition a lot smoother. In this day and age, most banks around the world are struggling to come up with innovative ideas to meet consumer demand. Moreover, there is a lot of competition in the....
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....
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,....
EdgeVerve Systems’ newly-introduced Blockchain Framework furthers the adoption of blockchain technology by the global financial services sector. A subsidiary of Infosys, which offers the Infosys Finacle universal banking solution suite, EdgeVerve introduced the product at the Infosys Confluence global client summit in San Francisco, Calif. EdgeVerve developed the framework to deliver value-generating solutions based on the blockchain. The framework is a permissioned ledger that lets banks rapidly deploy blockchain-based services. The solution can scale to the levels needed to support....
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....