Tech Mahindra, the Indian IT giant, has recently announced its partnership with Amazon Web Services (AWS). The partnership has been formed to build blockchain-based solutions that will be made available to the global customers as well as other leading organisations out there.
Tech Mahindra will be using the Amazon Managed Blockchain which makes it easy to both create and manage the scalable blockchain networks. For this, the firm will be using the open source frameworks.
Tech Mahindra Will Offer Solutions for Different Supply Chains
Through this collaboration, Tech Mahindra is aiming to offer solutions for different supply chains which includes aviation, telecom and healthcare supply chains. For aviation, the firm will be offering services for kit management as it will help to track and trace kits. There is a need to track kits because they pass from the multi-tier suppliers across the industry. It will also track all those fraudulent medical supplies throughout its supply chain.
Rajesh Dhuddu, blockchain and cybersecurity practice leader at Tech Mahindra, has said that businesses across the world are trying to cope up with blockchain technology. According to him, “ensuring supply chain continuity is paramount and needs more attention in the coming times.”
Accelerating An Economic Rebound Post COVID-19
Dhuddu has asked organisations to leverage blockchain technology that will help them tackle all the challenges. This will help them to create complete competitive advantages. He has also said that this collaboration of Tech Mahindra with AWS will help organisations to be prepared for any situation like COVID-19 pandemic. This will also help the firms to accelerate the economic rebound post the COVID-19 pandemic. The firm is aiming to develop blockchain solutions for different sectors as well, which will include banking and financial services, retail, manufacturing, and many others in the next 12 to 18 months.