Tech Mahindra developing blockchain tech solution for vehicle registration

Tech Mahindra is working on developing a solution using blockchain technology for vehicle registration and related activities and two Southern states have evinced interest in using the technology, an official said today.

The leading IT firm said the technology will make vehicle registration easier.

"Under this technology, the dealer can issue a registration certificate and number for a vehicle. There is no need for you to take the vehicle to RTA for registration.

"RTA is coming to the dealer because of the blockchain technology we are using. Vehicle dealer, RTA, buyer and the financier are getting connected by the technology," the official said on the sidelines of a company programme here.

"The proof of concept is ready to form a technical perspective. (Toad transport departments of) two states have shown interest. We are in discussion with them for undertaking pilots," the official added.

Meanwhile, the IT firm today held its Annual Innovation Day - Mission Innovation (MI-18) - on the companys campus here.

Tech Mahindra CEO, in a statement, said the IT firm has launched "BOTIFY", a "path-breaking" technology initiative for its employees aiming to disrupt business and transform customer experiences.

"For our employees at Tech Mahindra, we have launched what I believe to be one of the most path-breaking technology initiatives taken here, which is BOTIFY - the Biggest Man Machine Collaboration.

"This initiative will disrupt our business, transform our customers' experience and most importantly have a huge impact on careers. Being future-ready is our prime responsibility towards our stakeholders and we are conscious of this," CP Gurnani, the CEO, said.

BOT is a software application that runs automated tasks over the Internet.