TCS, IBM and Wipro blockchain solutions powering global banks

MUMBAI: Clients of IBM, TCS and Wipro are starting to use blockchain solutions of these big technology firms in live projects, in a shift away from using them for proof of concept or pilot projects.
These technology leaders have patented and developed blockchain services for the banking, financial services and insurance (BFSI), telecom and energy verticals, in a bid to capture a share of the increased spending in blockchain technology.
The shift to live blockchain projects comes after clients realised blockchain technology’s capability. “Organisations have matured in their understanding of blockchain through education and experimenting with PoCs (proofs of concept) …There is a change in culture where organisations want to move on from PoCs to working pilots,” said Jitan Chandanani, blockchain offerings and engagement leader at IBM India/South Asia.