Blockchain to transform businesses
Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005) has announced the availability of its blockchain-based trade finance solution on Microsoft Azure marketplace.
The solution tracks the flow of goods in a value chain, improving transparency across multiple entities involved, said LTI on 12 Dec 2017.
It enables accelerated adoption of distributed ledger technologies by bringing together LTI’s deep industry knowledge and blockchain capabilities together with Microsoft’s expertise in cloud-based solutions.
Aftab Ullah, Chief Operating Officer, LTI said, “Our vision is to deliver exponential operational efficiencies to the world’s leading companies through digital innovation.
“LTI’s Blockchain services include end-to-end consulting and implementation and are designed to help transform our clients’ business operations. The collaboration with Microsoft will accelerate our ability to deliver these services on Cloud,” he said.
Ausaf Ahmad, global blockchain solutions lead, One Commercial Partner, Microsoft, comments, “Blockchain has the potential to significantly transform business by providing organizations a way to speed transactions, digitally track assets and streamline complex business processes.
“By using Microsoft Azure Blockchain technology, LTI and its clients can focus on accelerating real-world blockchain-based application deployment,” he added.
“HfS Research assessed 20+ blockchain solution and service providers and LTI emerges as a High Performer in Enterprise Blockchain Services,” elaborated Saurabh Gupta, Chief Strategy Officer, HfS Research.
LTI stands out because of its integrated approach to emerging technologies, such as IoT and AI, under Mosaic, the ready-to-deploy blockchain solution accelerators, he said.
LTI’s Blockchain practice works with global clients across industries to build solutions in areas of trade finance, payments, KYC, insurance & supply chain among others. HfS Research has ranked LTI as High Performer in the HfS Blueprint 2017 Enterprise Blockchain Services Report.
LTI is a global technology consulting and digital solutions company helping more than 250 clients succeed in a converging world. fii-news.com
