More Than 100 Blockchain Pilots Underway at Tata IT Consultancy
One of India's biggest IT services firms is pursuing a wide range of potential blockchain applications. N Chandrasekaran, CEO of Tata Consultancy Service (TCS), remarked on that work during an interview with Indian newspaper The Economic Times. According to the transcript, Chandrasekaran said that the firm is involved in "more than 100" blockchain prototypes, the result of a process that has played out over the past year and a half. He remarked: "Companies are doing this differently, in different pieces. If you take financial services, there is a lot of excitement about....
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India’s largest IT services firm Tata Consultancy Services (TCS) is overseeing a number of blockchain pilots and proof of concepts for clients around the world. The revelation was made by N Chandrasekaran, chief executive at TCS in an interview with Indian business daily The Economic Times. The premise of the interview was addressing the firm’s second quarterly results of 2016, which revealed company revenues at its slowest growth in a decade. India’s position as one of the world’s foremost growing economies is significantly aided by its information technology industry that provides and....
Abra on Wednesday announced that it will soon launch its blockchain-based remittance app in the US and Philippines markets. The app, which recently raised $14 million in Series A Funding, also discussed its plans to add more countries to its portfolio in coming months. If it is to happen as predicted, Abra will enable millions of people to transfer digital cash more swiftly and accurately than the traditional banking methods. The remittance company also unveiled the name of its two "secret" investors from the Series A round: renowned multinational finance company American Express and Ratan....
Nordea, a financial services group in the Nordic and Baltic region, continues its hunt for AI and blockchain breakthroughs. Later this year it is launching its Fintech accelerator in Stockholm and Helsinki. 200 startups applied to join the 3-month program that will be led by Nordea and its partners, including IBM, Tata Consultancy Services and Nestholma Venture Accelerator. Nordea’s accelerator program goal. The main goal of Nordea’s accelerator program is to hunt for developments in both Artificial Intelligence and Blockchain technologies. Presently, only 35 startups have made it through....
Indian business conglomerate Mahindra Group is working with IBM to develop blockchain-based supply chain applications. Announced today, the partnership sees the two firms working on a prototype tool for tracking supply chain transactions via blockchain. Mahindra, a major business group in India, has operations in industries ranging from aerospace to automotives, as well as agriculture, finance and technology. The collaboration comes as India’s business and finance sectors continue exploring the tech. Various banks in the country have been testing blockchain for use in cross-border payments....
Recently, there have been reports of a new fintech consultancy firm that will be headquartered in London, touting blockchain technology. The speculative new company, called 11FS, has reportedly raised $5 million USD in seed funding already from the venture capital operation Life.SREDA. 11FS Seeks $100 Million USD by 2017. An article by Financial News....