HYDERABAD, May 2: IT major Tech Mahindra Ltd
Thursday announced the deployment of a cutting-edge solution
leveraging Blockchain Technology aiming to mitigate spam
calls for telecom sector in India, which is impacting over 300
million mobile subscribers.
According to a press release from the company here, in
2018, Tech Mahindra designed the Blockchain solution,
constituting more than 25 per cent of the Indian market share,
in compliance with the regulations and guidelines of TRAI
(Telecom Regulatory Authority of India) in order to enable
Telecom providers prevent unauthorized access of their
subscribers’ data.
Global Practice Leader of Blockchain, Tech Mahindra,
Rajesh Dhuddu said, “the new-age technology is a focus for
corporates and government alike, and is expected to be a
trillion-dollar market by 2030.
With the concerted and coordinated efforts by the Indian
government and the industry backed by appropriate regulation,
India can continue to sustain and enhance its leadership
position in Blockchain technology, he said.
“At Tech Mahindra, we are betting big on Blockchain as
part of our TechMNxt charter (global program rolled out to
explore emerging technologies like AI, Blockchain and
Cybersecurity among others), to deliver tangible business
value and empower our customers to provide a completely
differentiated experience to their end customers,” Rajesh
said.
Tech Mahindra is also demonstrating Blockchain
capabilities in diverse sectors including Telecom,
Manufacturing, Hi-Tech Industries and Financial Services.
For instance, in the Financial Sector, Tech Mahindra has
designed a solution for one of the largest public sector banks
in India to provide an immutable record of audit transactions
and enable single view of transaction data from multiple
systems on the blockchain, the release added. (PTI)
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