Infosys to focus on bitcoin’s blockchain technology

FinTech | July 7, 2015 By:

Infosys is seeking to implement a blockchain application that could greatly benefit their clients in the financial sectors.

“The thing with this (Blockchain) is that we still do not know the full technology impact it can have. More than just knowing the payments, we can get insights in legal documents, or use for even credit-worthiness of parties. All this obviously makes your (core banking) product stand out,” said Infosys CEO Vishal Sikka.

A senior executive at Infosys has worked with a team of 20 Infosys employees in Palo Alto and Bengaluru offices to evaluate possible blockchain applications that could help clients.

Infosys is an Indian multinational corporation that provides business consulting, information technology, software engineering and outsourcing services.