Tech Mahindra recognized as an Innovator in Avasant’s Blockchain Services 2019 RadarView™ Report
Among endless service provider options, novel and disruptive mechanics in innovation brings recognition as an Innovator for Blockchain Services 2019.
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“Robust partnership ecosystem with niche emerging players. Industry-specific blockchain solutions. Exponentially growing practice.”
AVASANT ANALYST INSIGHTS
Practice Maturity
- As part of the strategy of becoming the leading blockchain company, Tech Mahindra has identified and is working on a holistic framework to create industry-specific blockchain applications.
- Leveraging a consulting-led approach to address clients’ business problems through the blockchain 3I framework (implementation, integration and infrastructure), it has adopted strong co-innovation and co-development methodology with clients. It also provides professional services to its clients in which it partners with the technical department of its clients to create blockchain PoCs.
- Focusing on emerging trends in this space, it is collaborating with niche players in the market that includes several start-ups, universities, digital ledger technology providers, and governments to develop blockchain solutions. Recently, it initiated a GTM partnership with DLT Labs for solutions such as Asset Tracking Blockchain PaaS. It is working with its partner platform, I2C Chain, in designing enterprise security solutions.
Investments and Innovation
- Tech Mahindra has identified inorganic investments as key to enhancing its IP portfolio, add new clients, and new platforms. Recently, it has invested in IntainFT, a blockchain-based loan securitization solution provider, to promote the solution in the Indian and the European markets. In June 2018, it also invested in TradeIX, a trade finance platform, to use it across domestic banks in India.
- It is significantly investing in upskilling and cross-skilling its resources through programs such as BlockGeeks in which they get instant access to blockchain training from the world’s blockchain experts. It also has partnerships with IBM, NASSCOM, R3, etc. to certify its employees on different blockchain tools.
Ecosystem Development
- Leveraging its strong presence in the Indian market, Tech Mahindra has collaborated with the Government of Telangana, Eleven01 (India’s first blockchain protocol), IIIT-Hyderabad and CDAC to help Telangana emerge as the Center of Blockchain Industry in the world.
- It has been a part of various Industry consortia, including BiTA and IOTA. It has a strong connection with BiTA, participating in meet-ups and showcasing its use cases in logistics and supply chain domain. It is also taking BiTA beyond the US to develop standards in the logistics industry globally.
- It has participated in various events and conferences and produced a lot of thought leadership content. It is an active speaker in key blockchain events such as the Internet and Mobile Association of India (IAMAI) event on “Blockchain for Social Good”.
Featured Resources
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Tech Mahindra’s Blockchain Practice
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