The India Times reports that the Indian IT giant plans to create and deploy a number of blockchain-based solutions over the next 12 to 18 months.
Tech Mahindra is a company of the Indian group Mahindra, and is involved in developing IT solutions. The blockchain solutions they are developing will be designed specifically for:
telecommunications, health care,
banking and financial services,
oil and gas production.
For example in the aeronautical and aerospace sector the solution they are developing is used to effectively track and trace „kits“ that are purchased from multi-level suppliers.
In this way, manufacturers will be able to gain more visibility on the time of delivery, while in the health sector, for example, it will be possible to identify any non-compliant or counterfeit materials.
Unfortunately, the information provided is too scarce and generic, so it is not easy to understand what these blockchain-based solutions will actually consist of. In addition, to be honest, the Amazon Managed Bitcoin Cycle is a distributed register not decentralized, so it is not technically definable as a blockchain in the strict sense.
Tech Mahindra on the blockchain before Amazon
Among other things, Tech Mahindra itself has already developed and launched a platform of contracts and digital rights based on blockchain for the media and entertainment industry.
In this case, IBM’s blockchain was chosen as the infrastructure that leverages the open source protocol Hyperledger Fabric, and the goal was to help content producers and creators efficiently track revenue, royalty payments and digital rights.
Again, the distributed registers used are not completely decentralized, so it is not really correct to talk about blockchain.
Despite this, the platform is called „Blockchain Based Contracts and Rights Management System“ (bCRMS), and in particular is directed against digital piracy.
In India, as well as in China, technologies based on blockchain, or distributed registers not decentralized, seem to arouse more institutional interest than cryptocurrency. In fact, the latter are opposed by many, although without them the true decentralized blockchain could not even exist.
Unfortunately, the consequence is that decentralized blockchains tend to be snubbed by large companies, or public bodies, in favor of centralized distributed registers whose innovative scope is certainly less.