Tech Mahindra and Kotak Bank move to blockchain technology

Tech Mahindra Ltd is planning to develop a Blockchain Centre at its Hyderabad facility.

The new centre will facilitate co-innovation and will develop enterprise-grade solutions for customers across industries.

The company has also started its Tech Mahindra BlockGeeks programme  to facilitate competency in the field of Blockchain Technology.

In the first batch, 20 eligible candidates will be made blockchain-ready. There are plans to train 3,000 such blockchain ready students by the  end of 2019.

In another news,Kotak Mahindra Bank has partnered with blockchain solution provider RippleNet to facilitate real-time cross-border transactions

Kotak will use Ripple’s settlement solution xCurrent to reduce the average time associated with remittance payments.

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