Indian IT Giant Tech Mahindra to Test Blockchain DLT For Its Makers Lab R&D Center
Indian Tech Giant Tech Mahindra Has Started Eyeing The Blockchain Technology For Its Research And Development Department
Tech Mahindra which is India’s IT tech giant will begin using the blockchain technology in the creation of innovative solutions for enterprise-grade for the extensive customer base they have around the world. As Bloomberg Quint recorded it, the company is planning on setting up a proper blockchain center within the research department that they will call the Market Lab.
But this is not all as the company has also gone ahead and started an upskilling program that they have called the BlockGeeks. This particular program will be located within the company’s Hyderabad Facility.
The Launch Of BlockGeeks
The program has been designed to help the company in building a high level of competency in their technology. The program will be split into phases; the first phase will have about 20 candidates who will be upskilled to work in the variously distributed ledgers.
These candidates are expected to go through extensive training in the lab; it is from writing codes, the creation of smart contracts and even building various solutions to ensure they acquire the needed hands-on experience in this ever-changing market.
The Future Of Technology
Makers Lab has been created to be the research and also development arm that you will find in the company. The company expects it to act as the center for the coin-novation to offer the company the needed solutions with universities, partner companies, various research institutions, start-ups and even the customers of the company.
The lab will extensively focus on the next generation technology such as the Internet of things, robots, artificial intelligence, machine learning and many more. The lab has been designed with four domestic centers that are in Bengaluru, Pune, Chennai, Hyderabad, together with three other international centers that have been based in the UK, US, and Germany.
But this is not all; the company is not stopping here as it has recently partnered with the Stockholm-based blockchain technology service provider of ChromaWay, to ensure they are able to bring the DLT solutions straight to the Indian Market.
More To Expect From The Partnership
The company further stated that with the partnership in place they plan on building on the existing relationship with the current governments, and with time they hope to expand to the states that are neighboring the country. The primary goal of this new partnership they have gotten into is to ensure they have a technology platform that has been designed with the open-source concept.
Thus, with this system in place the company will be able to power the ever-growing ecosystem with various applications, this is in both the land registration and even beyond, to even a global scale. The company truly has big plans the will be actualized in the coming months.
The company also announced that there is a strategic investment that has been put in place for the CAD 100 million, to ensure they are able to establish a COE, Center of Excellence, that will be in place for the next five years. This Canadian initiative aims to use the blockchain technology, and the artificial intelligence put in place. Especially for the project of creating smart cities and also working together with the Fintech sector.
From here things will just keep getting better as the COE also aims at collaborating with the several academic institutions and even the multiple accelerators like the Vector institute that are within the market. So expect to see great things happening.