Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services & solutions, today announced that it has been included in the Forbes Blockchain 50 list, a highly-respected global listing of pioneering companies, startups, and influencers in the distributed ledgers space, for the second consecutive year. Tech Mahindra is the only Indian company out of the 50 companies that has been included in the list.
Tech Mahindra has been recognized for developing more than 60 blockchain-based products spanning telecom, media and entertainment, manufacturing, retail, and energy. Its work around blockchain-based unit-level traceability solution for global vaccine supply, ‘VaccineLedger’ was specifically highlighted. The solution helps in predicting and preventing failures in supply chains, including problems related to wastage through expired vaccines, stock-outs, and counterfeiting.
Rajesh Dhuddu, VP & Practice Leader, Blockchain & Cybersecurity, Tech Mahindra, said, “The COVID-19 pandemic accelerated the adoption of emerging technologies and Blockchain has emerged as one of the key technologies that is best equipped to significantly improve the efficiency of any supply chain operations, facilitate real-time view of all transactions, and eliminate the ‘trust gap’ amongst all the emerging technologies. At Tech Mahindra, we are at the forefront of leveraging Blockchain-based solutions and are pioneers in leveraging NFTs and Digital Identities to solve tough business problems and create a nuanced experience for end-users. This recognition by Forbes is a testimony to our continued focus on developing blockchain-based solutions to meet evolving customer needs.”
Blockchain continues to grow as a major pillar in Tech Mahindra’s digital transformation portfolio and is increasingly becoming a part of the company’s wide range of business verticals. As part of NXT.NOWTM framework, which aims to enhance ‘Human Centric Experience’, Tech Mahindra focuses on investing in emerging technologies and solutions that enable digital transformation and meet the evolving needs of the customer. Tech Mahindra provides a holistic framework called ‘Block Ecosystem’ comprised of various levers: Block Studio, Block Engage, Block Talk, Block Geeks, Block Accelerate, Block Access & Block Value, which can be used to create industry-leading applications that unlock significant value for clients.
