Indian IT Giant Tech Mahindra To Launch Financial Management Solution On Blockchain
Tech Mahindra, the IT division of the Indian conglomerate Mahindra Group, in partnership with DLT-engaged company Adjoint, from America, will launch a blockchain for financial and insurance management, as reported by CommsMEA.
The system is based on UpLink, an open source DLT platform designed to provide interoperable management of modern financial processes. The platform has a special messaging protocol and consensus mechanism that allows participants in the blockchain ecosystem to determine what data is put on the ledger.
Earlier this summer, Tech Mahindra announced the creation of a blockchain-based anti-spam product. This solution will allow telephone companies to comply with Indian regulations to protect mobile phone subscribers from unwanted calls.
Image courtesy of Elets
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