Wipro Ltd, a leading IT, consulting and business process services firm, announced the launch of nine blockchain-based solutions for the Banking Financial Services and Insurance (BFSI), Manufacturing, Retail and Consumer Goods industries.
The nine solutions were designed and co-developed with clients in Wipro’s Blockchain Innovation Lab and showcases blockchain potential to accomplish for global enterprises, the news release stated. These solutions span across sectors including 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.
“Our approach to blockchain is innovation-led, powered by our industry acknowledged advisory and consulting capability and a strong CoE (Centre of Excellence) focus, designed to help client businesses innovate. Global clients are keen to de-mystify 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,” Krishnakumar N Menon, Vice President, Service Transformation, Wipro Limited said.
The Blockchain Innovation Lab by Wipro allows rapid provisioning of blockchain to prototype as well as build use-case specific blockchain solutions for its clients. These clients can fast-track the developments of blockchain solutions by leveraging pre-defined use-case blueprints and ready-to-use solutions.
The clients will also have access to Wipro’s domain experts, technology specialists, proprietary tools and process assets, apart from blockchain lab in order to jump-start their blockchain journey. In addition, few other key enablers for clients in the blockchain journey includes Wipro’s consulting assets for blockchain use case identification and prioritization, business case creation and blockchain platform selection.
Wipro has been driving blockchain adoption in a way that is pragmatic and contextualized to the client enterprise. Last September, Wipro established a blockchain research facility in Bengaluru, in a move to develop software applications using the technology. Also, earlier this month, Wipro joined the Enterprise Ethereum Alliance (EEA) as a founding member.
Apart from this, Wipro has developed solutions that address areas like Anti-counterfeit solutions and Air Worthiness certificate tracking in the manufacturing industry and supply chain traceability across industries.
