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Blockchain Solutions Offered by Tech Mahindra and Amazon

Tech Mahindra will build solutions based on blockchain technology by teaming up with Amazon Web Services (AWS). Tech Mahindra will launch blockchain solutions. It is built on Amazon Managed Blockchain to global customers through AWS and other leading organizations worldwide. The said firm acts as an AWS Partner Network (APN) Advanced Consulting Partner.

Moreover, Amazon Managed Blockchain is a sufficiently managed service, making it easy to create and control scalable blockchain networks through popular open-source frameworks. In the partnership, Tech Mahindra will offer solutions for the aviation, telecom, and healthcare supply chain. And this includes kit management for aviation and aerospace to successfully track and trace ‘kits’ as they procure from multi-tier suppliers in the aviation industry. Also, it improves visibility for Original Equipment Manufacturers (OEMs) on the Expected Time of Arrival (ETA) for business to consumer (B2C) supply chain in the telecom industry and tracing and identification of fraudulent medical materials – PPE (Personal Protective Equipment) Kits, face masks, gloves, and sanitizers – through the medical supply chain.

Blockchain and Cybersecurity Practice Leader, Rajesh Dhuddu, stated, “Global businesses face sustained headwinds. They struggle to collectively navigate and strategize in this uncharted territory and facilitate business continuity in the current COVID world.”

Then, he also mentioned that guaranteeing supply chain continuity is paramount and must have more attention in the following times.

Dhuddu added that they advise organizations to leverage Blockchain technologies to address the difficulties. And also make a competitive advantage for themselves. The partnership with AWS will support future pandemic preparedness. Additionally it will boost an economic recovery post-COVID-19 for organizations running global supply chains and get rid of siloes.

The firm also aims to generate more blockchain solutions across various industries. Those include banking and financial services, telecom, retail, manufacturing, and more in the next 12 to 18 months.

 

Data Firm CyberVein

Meanwhile, Singapore-based blockchain data firm CyberVein became one of the 12 firms joining in the construction of China’s Hainan Wenchang International Aerospace City.

The construction commenced the previous month as the site hosted a satellite launch center. It became renown as ‘China’s first aerospace cultural and tourism city.’

It would become a hub for the development of aerospace products and support services planned to use in Chinese spacecraft and satellite launch missions.

Furthermore, the 12 million square-meter facility will host the country’s first aerospace super-computing center. It will also focus on improving 40 technological areas like big data, satellite remote sensing, and high precision positioning technology.

CyberVein will collaborate with major Chinese firms, such as Fortune 500 firms Huawei and Kingsoft Cloud. This would leverage a few factors. These include its blockchain, artificial intelligence, and massive data technologies to support the city’s Smart Brain Planning and Design Institute development.

Based on the CyberVein release, ‘Smart Brain’ is its primary project. This is a data-driven governance system. It is based on the company’s proprietary technology that would process real-time data to manage urban public resources.

But some details about the blockchain’s role in developing the governance model became public.

The city’s development is part of a Hainan’s ‘Free Trade Port’ development initiative – a vast infrastructure program made to transform the island into a worldwide significant free-trade port by 2050.

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