Mphasis announces Centre of Excellence for blockchain-based solutions

Announcements | July 22, 2016 By:

India-based IT firm Mphasis unveiled an industry first Centre of Excellence (CoE) for blockchain based solutions at its Bangalore headquarters.

With this centre, the company aims to conduct research, rapid prototyping, co-creation of use cases and IP creation on blockchain technology and platforms.

“Being a business transformation enabler for enterprises, we intend to take center stage in shaping global technological disruptions. Continuing our focus on innovation and technology, Mphasis Blockchain framework will revolutionize legacy practices, helps reduce costs as well as increase operational efficiency and legitimacy of transaction data,” said Dinesh Venugopal, President of Mphasis Digital and Strategic Customers.

The blockchain CoE will at first develop solutions on private blockchain for Mortgage, Insurance and Payment industries. The company’s private blockchain connects to bitcoin networks and is immensely scalable to store millions of records on shared ledgers that can be traced easily and quickly.