Blockchain Solution Now Available on Microsoft Azure

Announcements, Blockchain | December 13, 2017 By:

Larsen & Toubro Infotech (LTI) has announced that its blockchain-based trade finance solution is now available on Microsoft Azure marketplace.

Founded 20 years ago as a subsidiary of the Larsen & Toubro group, LTI is a global technology consulting and digital solutions company helping more than 250 clients succeed in a converging world. The company’s blockchain practice works with global clients across industries to build solutions in areas of trade finance, payments, know your customer (KYC), insurance & supply chain among others.

Built on ethereum, the company’s blockchain solution illustrates the concept that an immutable fact pattern of all documents and data related to an import order can be maintained on a blockchain. It tracks the flow of goods in a value chain, improving transparency across multiple entities involved. It enables accelerated adoption of distributed ledger technologies (DLT) by bringing together LTI’s deep industry knowledge and blockchain capabilities together with Microsoft’s expertise in cloud-based solutions.

“Our vision is to deliver exponential operational efficiencies to the world’s leading companies through digital innovation,” said LTI COO Aftab Ullah. “LTI’s blockchain services include end-to-end consulting and implementation and are designed to help transform our clients’ business operations. The collaboration with Microsoft will accelerate our ability to deliver these services on Cloud.”

“Blockchain has the potential to significantly transform business by providing organizations a way to speed transactions, digitally track assets and streamline complex business processes,” said Ausaf Ahmad, global blockchain solutions lead, One Commercial Partner, Microsoft. “By using Microsoft Azure Blockchain technology, LTI and its clients can focus on accelerating real-world blockchain-based application deployment.”