IT major Tech Mahindra Ltd on Thursday announced the deployment of a cutting-edge solution leveraging Blockchain Technology aiming to mitigate spam calls for telecom sector in India, which is impacting over 300 million mobile subscribers.
According to a press release from the company, in 2018, Tech Mahindra designed the Blockchain solution, constituting more than 25 percent of the Indian market share, in compliance with the regulations and guidelines of TRAI (Telecom Regulatory Authority of India) in order to enable telecom providers prevent unauthorised access of their subscribers' data.
Rajesh Dhuddu, Global Practice Leader of Blockchain, Tech Mahindra, said, "The new-age technology is a focus for corporates and governments alike, and is expected to be a trillion-dollar market by 2030.
With the concerted and coordinated efforts by the Indian government and the industry backed by appropriate regulation, India can continue to sustain and enhance its leadership position in Blockchain technology, he said.
"At Tech Mahindra, we are betting big on Blockchain as part of our TechMNxt charter (global programme rolled out to explore emerging technologies like Artificial Intelligence (AI), Blockchain, and Cybersecurity among others), to deliver tangible business value and empower our customers to provide a completely differentiated experience to their end customers," Rajesh said.
Tech Mahindra is also demonstrating Blockchain capabilities in diverse sectors including Telecom, Manufacturing, Hi-Tech Industries, and Financial Services.
For instance, in the Financial Sector, Tech Mahindra has designed a solution for one of the largest public sector banks in India to provide an immutable record of audit transactions and enable single view of transaction data from multiple systems on the blockchain, the release added.
Recently, Tech Mahindra and process automation major, UiPath announced their first joint solution offering - an end-to-end cognitive operations automation solution, in the area of service desk operations.
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