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Tech Mahindra joins ChromaWay to bring Blockchain technology to India

IANS  |  New Delhi 

IT Tech on Thursday announced a partnership with Stockholm-based to deliver a new technology for the Indian market.

The two companies will focus on developing core technologies into applications for a range of use, primarily around land registration and

The work will build on ChromaWay's experience in building solutions for government agencies in and Andhra Pradesh, the company said in a statement.

"Distributed is becoming mainstream. We have found ChromaWay's solution quite powerful; something that can definitely help address some of the challenges our public sector has," said Vivek Agarwal, and at Tech

and Tech aim to build on the existing strong relationship with the governments and then expand to other states.

"With our Blockchain-powered consortium database technology, and their extensive expertise, we can together begin to build the next generation of secure, open and sustainable digital architecture for the connected world," added Henrik Hjelte, of ChromaWay.

This partnership represents an opportunity to leverage our to bring real and measurable improvements to society by empowering individuals, fighting corruption, and fostering collaboration, he added.

The Centre of Excellence (CoE) at has been focusing on building to help customers across various sectors and multiple geographies.

The long-term focus of the $4.7 billion company -- part of the $19 billion -- is to provide a by offering platform, integration, infrastructure, networking service for an end-to-end blockchain led transformation to its customers.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 16:46 IST