Tuesday, October 20, 2020
Home Lead Story Infosys Launches Blockchain-powered Apps in 3 Verticals

Infosys Launches Blockchain-powered Apps in 3 Verticals

The modular, scalable and customisable application can be integrated with the enterprise systems and IoT networks

Software major Infosys on Wednesday launched blockchain-powered distributed applications (apps) for government services, insurers and supply chain management verticals.

“The applications are designed as ready-to-subscribe business networks to ensure quick deployment, inter-operability across disparate systems of value chain stakeholders and cases involving analytics and IoT (Internet of Things),” the-city based IT firm said in a statement.

A blockchain is a list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp and transaction data.

“Our applications are equipped with predictive RoI (return on investment) analytics for business investments that can be tailored to meet industry-specific needs,” Infosys said in the statement.

Global enterprises can capitalise on blockchain’s benefits of trust, immutability, and transparency to develop an inter-organisational conduit for strengthening their core business processes across multiple value chain partners having disparate IT systems, it said.

Infosys office
Employees queue up infront of Infosys office. Wikimedia Commons

The supply chain application leverages the blockchain platform to offer solutions for inbound/outbound logistics and distribution activities.

“The application can be integrated with the systems and IoT devices while ensuring 24×7 transaction security between stakeholders within a supply chain,” Infosys said.

Also Read: Tech Giants Amazon, Apple, Google Bat for Universal Smart Home Standard

The government services application enables state-run organisations to establish inter-departmental interaction, collaboration, data sharing, network transparency and defined workflows – to fulfil citizen-centric service requests, through a single window.

“Our insurance application is designed to aid insurance firms in policy administration, claims handling, multi-party negotiation, usage-based policy pricing and parametric insurance activities,” the statement added.

The modular, scalable and customisable application can be integrated with the enterprise systems and IoT networks. (IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,782FollowersFollow

Most Popular

Larsen & Toubro Rise On Hopes Of Contract For Bullet Train Project

Shares of Larsen & Toubro (L&T) rose over three percent in the hopes of bagging the contract for constructing the 237 km length of...

IBM Revenue Declines For 3 Straight Quarters

Reporting sales declines for three straight quarters, IBM has posted $17.6 billion in revenue in the third quarter of this year, compared to $18...

DDLJ Gets Special Twitter Emoji As It Completes 25 Years

The all-time blockbuster Dilwale Dulhania Le Jayenge (DDLJ) turned 25 on Tuesday, and a special emoji has been launched on Twitter to celebrate the...

Google Introduces Dark Mode And Multiple Account Support

Google on Monday introduced dark mode and multiple account support for its Assistant-powered smart displays like Nest Hub. If users have separate personal and work...

Oral Antiseptics Have Ability To Inactivate Coronavirus

In a fight against the novel coronavirus, scientists have found that certain oral antiseptics and mouthwashes may have the ability to inactivate human coronaviruses. The...

Shahrukh Khan On DDLJ’s Silver Jubliee

Dilwale Dulhania Le Jayenge (DDLJ) is 25 years old on Tuesday, and Bollywood superstar Shahrukh Khan looks back at the 1995 blockbuster that helped...

Facebook’s Watch Option Now Has New Features

Facebook has introduced some exciting features in its video-on-demand platform Watch that is being visited by over 1.25 billion people every month. Facebook Watch is...

LG Electronics Releases World’s First Rollable TV

LG Electronics on Tuesday released the world's first rollable TV in South Korea at a jaw-dropping price of $87,000 (about Rs 63.9 lakh) as...

Recent Comments