Blockchain Market News

Tech Mahindra To Set Up Blockchain Center Within R&D Arm

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Recently Tech Mahindra announced that it is partnering with Chroma Way in order to provide blockchain technology to the Indian market. As per the statement “Chroma Way is a Stockholm-based company which has been pioneering blockchain solutions in the public and private sector since 2014”.

Tech Mahindra is going to set up a blockchain center along with its R&D arm “Makers Lab” which is located at its Hyderabad facility. The aim would be to streamline co-innovation in the field of space and develop customer-specific solutions for industries globally.

The company also informed that it has introduced the Tech Mahindra Block Geeks programme to bring forth talent in Blockchain field. Still, in its first phase, the company is going to take up a batch of 20 students and provide them with skills which will help them in becoming blockchain ready. Later this program would be rolled out globally.

The statement also stated that under this program the candidates would be undergoing training after which they would be able to set up codes, create smart contracts and find solutions and get technical expertise in the Blockchain.

Global Practice Leader, Blockchain, Tech Mahindra, Rajesh Dhuddu said,

“We are targeting around 3,000 block geeks to be trained by FY19. Our R&D arm, Makers Lab will facilitate this collaboration between academia, research, and partners, so that young tech enthusiasts of today can get trained on these disruptive technologies and become future ready.

As per the company “The Makers Lab is a research and development hub for co-innovation of solutions and services of the future with customers, partner companies, research institutions, universities, and start-ups”.

Makers lab is basically focussed on doing development work in the field of technologies like Artificial Intelligence (AI), Machine Learning, Robotics, Internet of Things (IoT), Augmented Reality/ Virtual Reality, 5G Network etc.

Tech Mahindra has created four such Makers Labs in India at Pune, Chennai, Hyderabad, and Bengaluru apart from having them in the US, UK and Germany.

In addition Tech Mahindra has announced an investment of 100 million Canadian dollars in Canada in order to establish a ‘Centre of Excellence’ (COE).

The company informed that “This initiative will cater to the exponentially growing need for AI and Blockchain application, especially in the ‘Fintech’ and ‘Smart Cities’ spaces.

The COE will focus on jointly developing cutting-edge business solutions in digital technologies in close collaboration with the leading academic institutes, innovators, and accelerators in the start-up ecosystem like the Vector Institute.”


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