Wipro Ltd. announces new blockchain solutions

Wipro Ltd. has released nine blockchain-based solutions for various industries, including manufacturing, retail, consumer goods and the BFSI, according to a release.

"Our approach to blockchain is innovation-led, powered by our industry-acknowledged advisory and consulting capability and a strong [center of excellence] focus, designed to help client businesses innovate," Krishnakumar N. Menon, Wipro vice president of service transformation, said in the release. "Global clients are keen to demystify blockchain technology and actively pursue blockchain solutions for identified use cases, which can rapidly scale to production. 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." 

The solutions include triparty collateral management, trade finance, P2P insurance and loyalty rewards management, the release said. 

Topics: Banking, Blockchain, Retail

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