Indian IT Giant Wipro Opens Blockchain Research Centre

India’s third-largest software and information technology firm Wipro Ltd., has established a blockchain research facility in India’s IT capital of Bangalore. The IT giant is looking to develop real-world applications and software based on distributed ledger or blockchain technology. Already engaged in several blockchain pilot projects, Wipro has revealed a new research facility established to exclusively research and develop blockchain applications for its clients locally and globally. With a focus on the financial space, Wipro is working on several blockchain-related projects with its....

This piece has been updated with comment from Imperial College Professor William Knottenbelt. Imperial College London has established a research center dedicated to blockchain initiatives. Announced in the university's summer newsletter, the Centre for Cryptocurrency Research and Engineering grew out of previous Imperial College efforts aimed at exploring bitcoin and the blockchain. The university, founded in 1907, is considered one of the world's top technical institutes. The notice explained: "With an overwhelming response from staff and students, the Centre will now coordinate research....

Visa is the world’s largest payment network and handles nearly 56,000 transaction messages a second. In August 2015, the company had announced the opening up of a new technology development centre in Bangalore, India. According to a press release made by Visa the aim of this development centre is to boost digital commerce globally. It has now been revealed that this centre will also focus on blockchain the technology behind Bitcoin. Visa chooses Blockchain. According to the Indian financial newspaper Mint a Top Visa executive has revealed that the company plans to use Blockchain technology....

Bangalore-based IT giant Wipro has said it received a Bitcoin ransom demand Friday threatening a biological attack on its campuses. In an email sent to the company reported by local media, an attacker demands five bln rupees ($77.7 mln) be paid by May 25 to avoid the consequences. Ongoing operation. “Wipro confirms that it has filed a complaint with the local law enforcement authorities after receiving a threatening letter from an unidentified source,” the company said in a statement. “Wipro has augmented security measures at all its office locations. There is no impact on the company's....

Blockchain technology is ready to "take centre stage", says a new report by banking giant Goldman Sachs. The bank - which participated in Circle's $50m funding round earlier this year - notes in its Emerging Theme Radar research note sent to clients today that bitcoin might just be the "opening act" for blockchain technology. The report, from the equity research team, reads: "Once considered the underlying pipes of bitcoin, this technology is ... ushering in a new set of tools to cut costs and challenge the profit pool of the middle-man with a promise to make centralised institutions....