Infosys takes blockchain-based solution beyond financial services

This'll help organisations synchronise large distribution network and reduce cost

Infosys, India’s second largest IT services exporter, takes its blockchain technology solution to customers  beyond banking and financial services sector. The company, which offered blockchain-based solution to BFSI customers so far, have recently completed some proof of concepts and paid engagement in retail, energy and other segments. 

Blockchain is the next level of technology that enables secure peer-to-peer large transactions that can be verified without any centralised authority using a “distributed” platform through a “permissioned” network. This is the main technology framework behind digital currency Bitcoin.  

This helps businesses or organisations synchronise bulk transactions or large distribution network and reduce cost.