Tech Mahindra, Indian IT Company, is all set to set up a blockchain center within its Research and Development (R&D) arm called as Makers Lab. It will be located at the Hyderabad office of Tech Mahindra which will embrace the blockchain culture in the area.
Tech Mahindra is IT-driven Indian Giant which provides networking technology solutions, Information technology (IT) and business process outsourcing (BPO) to the telecommunications industry. It is present in 90 nations and has an employee base of 1,17,000.
The Blockchain center is meant to create innovative enterprise-grade solutions for its global customer base. Tech Mahindra had also started a program called BlockGeeks which was an upskilling program located in the Hyderabad facility itself.
BlockGeeks will help Tech Mahindra in building competency in the blockchain technology. It will work in a phased manner. In the first phase of this program, around 20 candidates will go through extensive training in the lab where they will be creating smart contracts, writing codes, and building solutions to acquire experience in the blockchain technology. The batch will get upskilled to work on distributed ledgers.
Makers Lab acts as a center for innovation in Blockchain technology and coin innovation for the company’s solutions with partner universities, companies, research institutions, start-ups and customers. Makers lab works with a focus on next-gen technologies like the Internet-of-Things, machine learning, robots, artificial intelligence etc.
Makers Lab has four centers in the country. The centers in India are in Hyderabad, Pune, Chennai and Bengaluru. It also has international centers in the UK, Germany and the US.
Tech Mahindra has also announced a partnership with ChromaWay, Stockholm-based blockchain service provider, in order to bring DLT solutions in the Indian market. In addition to this, it has also announced a strategic investment of CAD 100 million over the next five years in Canada to establish a new ‘Centre of Excellence’ (COE).
The COE will focus on developing cutting-edge solutions in digital technologies. For this, it has collaborated with leading academic institutes, accelerators and innovators in the start-up ecosystem.
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