Tech Mahindra Eyeing a Blockchain Center for Its R&D Arm

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Indian IT giant Tech Mahindra will be using blockchain technology to create innovative enterprise-grade solutions for its global customer base. As per Bloomberg Quint, the company will set up a blockchain center within its research and development arm called Makers Lab. The company has started a new upskilling program called BlockGeeks. It will be located in the company’s Hyderabad facility.

Launching BlockGeeks

The program will help the firm build competency in the technology. In the first phase of the program, 20 candidates will be upskilled to work on distributed ledgers. The batch will go through extensive training at the lab, where they will be writing codes, creating smart contracts and building solutions in order to acquire hands-on experience in the technology.

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

“We are targeting around 3000 blockgeeks 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.”

Makers Lab Leads to the Future of Technology

Makers Lab is the research and development arm of the company, which acts as a center for coinnovation for the company’s solutions with partner companies, universities, start-ups, research institutions, and customers. The Lab focuses extensively on next-gen technologies like robots, the Internet of Things, machine learning, artificial intelligence, among others.

The Lab has four domestic centers in Pune, Hyderabad, Bengaluru, and Chennai, along with three international centers in Germany, the UK, and the US. The company has recently partnered with Stockholm-based blockchain service provider ChromaWay to bring DLT solutions to the Indian market.

The company stated:

“Together, they aim to build on the existing strong relationship with the governments, and in due course expand to neighboring states. The ultimate goal through this partnership is to have the open-source technology platform powering a rich ecosystem of applications both in land registration and beyond, on a global scale.”

It also announced a strategic investment of CAD 100 million to establish a Center of Excellence (COE) for the next five years. The Canadian initiative aims to use artificial intelligence and blockchain, especially for creating smart cities and working in the fintech sector. The COE will also collaborate with several academic institutions and accelerators like Vector Institute.

Tech Mahindra Eyeing a Blockchain Center for Its R&D Arm was originally found on [blokt] – Blockchain, Bitcoin & Cryptocurrency News.