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2019-09-03 02:19:26

Indian Tech Mahindra explores blockchain application in finance and insurance

Indian multinational technology company Tech Mahindra is all set to test blockchain application in finance and insurance services by collaborating with American tech firm Adjoint, telecom news agency CommsMEA reports on Monday. Bringing blockchain to the finance and insurance sector will prove to be game-changing as it is the first-of-its-kind initiative to ensure customers get a trustworthy and seamless experience. Moreover, one billion dollars ($1 billion) worth of risk management banking can save customers up to four million dollars ($4 million). Introducing blockchain application in finance and insurance An Uplink-based solution provides the financial management industry with an open-source distributed