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Tech Mahindra, Nucleus Vision to implement blockchain in retail, telco

IANS  |  Hyderabad 

Tech Mahindra, a leading provider of digital transformation, consulting and re-engineering services and solutions, on Friday announced a strategic partnership with (NV), India's biggest company.

Under the partnership announced at the International (IBC) here, Tech will provide the technological expertise to broaden Nucleus Vision's reach, and will leverage its telecom affiliates to promote the offering at a global level.

This strategic partnership marks the beginning of Nucleus Vision's global expansion strategy and Tech Mahindra's foray into the market.

Founded in 2014, has made inroads into the Indian with this new technology, an Internet of Things (IoT) and blockchain-based customer identification platform ION which is being implemented for the first time in

"This collaboration is a testimony of Tech Mahindra's commitment to enable, guide and support start-ups and companies leveraging next The aim of this partnership is to harness Blockchain-led innovation, and to channel it globally, by giving access to our vast and expansive customer ecosystem," said C.P. Gurnani, and MD, Tech

"Our product is highly customizable and has use across several verticals. We have proven its use and benefit in the retail space, and by having this partnership with Tech Mahindra, we will reach out to a vast and global network," said Abhishek Pitti, CEO,

The IBC also witnessed the launch of India's largest blockchain initiative, 'Protocol'.

A joint collaboration between Tech and the Foundation, the initiative aims to foster a cutting-edge ecosystem for blockchain startups in

The foundation is a that provides services across the blockchain ecosystem and has partnered exclusively with for to create the - an emerging with government compliance standards, which serves as a foundation for

is playing a pivotal role in the Eleven01 initiative as a partner to co-develop the technology and platform.

--IANS

ms/tsb

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

First Published: Fri, August 03 2018. 18:12 IST
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