Tech Mahindra recognized as a Disruptor in Avasant’s Blockchain Services RadarView™ Report
Among endless service provider options, novel and disruptive mechanics in the innovation of Blockchain brings recognition as a Disruptor for Blockchain Services 2018.
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“Fast accelerating practice placing disruptive blockchain bets on platform and horizontal solutions.”
AVASANT ANALYST INSIGHTS
Practice Maturity
- Tech Mahindra has shifted focus to digital areas, especially since the unveiling of the DAVID (digital, automation, verticalization, innovation and disruption) strategy in 2016. Consequently, their blockchain practice has also received a shot in the arm and is making disruptive bets to show their strategic commitment to this space.
- Tech Mahindra is developing multiple use cases across key industries and is also developing platform-based and horizontal solutions for blockchain. They have also developed design labs to showcase these use cases in a sandbox environment for their clients.
- Tech Mahindra is creating a practice team that is a healthy mix of domain side experts and technical experts through a combination of internal resource movement and upskilling, and targeted external hiring.
- Tech Mahindra is leveraging its strong presence in the Indian market and has been able to develop POCs with many leading enterprises and state governments. In addition, they are exploring newer geographies in the ASEAN region for their blockchain expansion.
Investment
- One of the biggest planned investments in this space is the $80 million CoE development that Tech Mahindra has embarked on in Canada. This CoE will focus on developing platform solutions across blockchain and artificial intelligence.
- Overall, the focus this year is on developing tools, frameworks and templates, in addition to building certain industry pertinent platforms, horizontal solutions and rapid prototyping tools. One of these is a securitization platform for the banking industry. Investment in horizontals includes provenance tracking and identity management, among others.
Industry Development
- Tech Mahindra has engaged with some key consortiums and is evaluating some others both from a partnership and active participation perspective.
- Tech Mahindra is also expanding its current partnership ecosystem to accelerate their IP and offering development by engaging with academic institutions, fintech start ups and technology enterprises. This will also increase their market presence through expanded thought leadership.
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