Mphasis recognized as a Challenger in Avasant’s Blockchain Services 2019 RadarView™ Report

Among endless service provider options, novel and disruptive mechanics in innovation brings recognition as a Challenger for Blockchain Services 2019.

Read the Avasant report

Strong emphasis on business case development. Point solutions across BFSI and healthcare.

luxoft - New Radar view


Learn More


Practice Maturity

  • Mphasis has identified business case development by enterprises as the biggest challenge in large scale blockchain adoption. It has taken an interesting approach by developing a program that helps enterprises with this challenge. It has identified a 10-12 week process to create a strong business case covering costs, benefits, and risks to help its clients move from PoCs to the production stage.
  • It has built several PoCs for clients in banking, financial services, insurance, healthcare, and life sciences. One of its projects involves 9 banking leaders, including Citigroup and Barclays, building LedgerConnect, a blockchain-based application that addresses collateral management.
  • It is also leveraging its partnership to build blockchain solutions. As a founding member of Multichain, an open-source, freely downloadable blockchain solution, it leverages its close relationship with Multichain’s engineering team and early access to Multichain releases.
Leader IA Badge 4 - New Radar view

Investments and Innovation

  • It has done design and development work for dApp and has built several dApps for the marketplace. Through its blockchain CoE established in 2016, it has been implementing R&D initiatives and now has a target of registering at least one patent this year and develop more innovative solutions and IPs. Besides BFSI and healthcare, it has started to building solutions for the manufacturing sector.
  • It has plans to expand its blockchain capability through more industry engagements and partnerships. For instance, it is collaborating with BigChainDB to build a trade finance solution.

Ecosystem Development

  • Mphasis is working with a consortium of banks on 2 pilot projects: a sanction-screening solution and a semantic smart contracts development. It is helping these banks by designing an architecture framework to implement blockchain.
  • It demonstrated its blockchain capability in the recent NASSCOM Technology and Leadership Forum 2019. Its thought leadership content are disseminated in the form of articles, one of which is about bringing blockchain to financial services. It plans to develop more thought leadership content.


This graphic was published by Avasant LLC as part of a larger research document and should be evaluated in the context of the entire document. The document is available upon request from Avasant website. Avasant does not endorse any provider, product or service depicted in its research publications, including RadarViewTM, and does not advise users to select only those providers recognized in these publications. Avasant’s research publications are based on information from best available sources and Avasant’s opinion at the time of publication, and their contents should not be construed as statements of fact. Avasant disclaims all warranties, expressed or implied, with respect to this research, including and warranties of merchantability or fitness for a particular purpose.