Wipro Offers Nine Blockchain Solutions
Indian blockchain solutions company Wipro Limited has developed nine blockchain-based solutions for the banking financial service and insurance (BFSI), manufacturing, retail and consumer good sectors.
The nine blockchain solutions span across areas such as Delivery v/s Payments (DvP), Tri-party collateral management, Skip Trace Consortia, Trade finance, P2P insurance for the sharing economy and Loyalty Rewards Management in the BFSI sector. The company has developed solutions that address areas like anti-counterfeit solutions and airworthiness certificate tracking in the manufacturing industry and supply chain traceability across industries.
The blockchain solutions were designed and co-developed with clients in Wipro’s Blockchain Innovation Lab and showcases blockchain potential for global enterprises. The company claims that these solutions include improved process efficiency, optimized costs, and the ability to foster innovative business models.
Wipro’s Blockchain Innovation Lab offers clients pre-defined, use-case blueprints and ready-to-use solutions. Along with the lab, clients have access to Wipro’s domain experts, technology specialists, proprietary tools and process assets to “jump-start their blockchain journey”.
“Global clients are keen to de-mystify blockchain technology and actively pursue blockchain solutions for identified use cases, which can rapidly scale to production,” said Wipro Service Transformation VP Krishnakumar N Menon. “The next-generation of digital ecosystems will be built on blockchain, and hence we recognize the importance of investing in and scaling blockchain programs in line with client requirements.”
