Tech Mahindra, a major provider of digital transformation, consultancy, and business re-engineering services and solutions, announced on Thursday that it has been named to the Forbes Blockchain 50 list, a prestigious global listing of pioneering firms, startups, and influencers in the distributed ledgers area, for the second year in a row. Out of the 50 companies on the list, Tech Mahindra is the only one that is based in India.
Tech Mahindra has been recognised for producing over 60 blockchain-based technologies in a variety of industries, including telecommunications, media and entertainment, manufacturing, retail, and energy. VaccineLedger, a new blockchain-based unit-level traceability system for global vaccination supply, was singled out. The solution aids in the prediction and prevention of supply chain failures, such as wastage caused by outdated vaccines, stock-outs, and counterfeiting.
“The COVID-19 pandemic accelerated the adoption of emerging technologies and Blockchain has emerged as one of the key technologies that are best equipped to significantly improve the efficiency of any supply chain operations, facilitate the real-time view of all transactions, and eliminate the ‘trust gap’ amongst all the emerging technologies. At Tech Mahindra, we are at the forefront of leveraging Blockchain-based solutions and are pioneers in leveraging NFTs and Digital Identities to solve tough business problems and create a nuanced experience for end-users. This recognition by Forbes is a testimony to our continued focus on developing blockchain-based solutions to meet evolving customer needs,”Rajesh Dhuddu, VP & Practice Leader, Blockchain & Cybersecurity, Tech Mahindra, said.
Blockchain is quickly becoming a component of Tech Mahindra’s vast range of business verticals, and it is becoming a major pillar in the company’s digital transformation portfolio. Tech Mahindra invests in developing technologies and solutions that enable digital transformation and address the increasing needs of customers as part of its NXT.NOWTM framework, which strives to improve the ‘Human Centric Experience.’ Block Studio, Block Engage, Block Talk, Block Geeks, Block Accelerate, Block Access, and Block Value are all part of Tech Mahindra’s ‘Block Ecosystem,’ which may be utilised to create industry-leading apps that unlock considerable value for clients.