tech mahindra - Pwim.Net

R3's Marco Polo Network Welcomes First Indian Corporate as Asia Serves as a Key Area of Growth

Launched in 2017, the Marco Polo Network aims to provide an “open enterprise platform for trade and working capital finance to banks” and corporates and a blockchain-powered solution for a better security system of the exchange of data and assets between participants.

The Marco Polo Network announced on Thursday that India’s leading provider of digital transformation, Tech Mahindra became the first corporate in India to join the R3’s open-source blockchain-based Marco Polo Network for facilitating cross-border transactions.

With this new partnership, Tech Mahindra carried out several digitized trade finance transactions, facilitated by its partnering bank DBS Bank, utilizing Marco Polo’s Receivables Discounting tool. This tool is a solution that enables effective management of working capital, enhances liquidity and reduces any risks associated with credit.

Rob Barnes, CEO of the Marco Polo Network and TradeIX, the company behind the Marco Polo Network highlighted that the decision behind bringing an Indian company onboard was due to the fact that “Asia serves as a key area of growth for the Marco Polo Network.”

“We are in extremely difficult and challenging times now, with facilitating trade and minimizing supply chain disruptions becoming even more important now than ever,” stated Barnes. “This is a great achievement with two leading institutions with more collaborations planned in the near future.”

Blockchain development in India’s Telangana

Tech Mahindra has been exploring with blockchain technology as it also has its own specialized blockchain unit. In partnership with the government of one of India’s states, Tech Mahindra launched a blockchain accelerator last month. The blockchain accelerator, T-Block comprises a four-month program presented by the Telangana government in collaboration with IBC Media, Microsoft, and Tech Mahindra. It seeks to bridge the gap endured by Indian startups as they only reap 0.2% from blockchain investments.

Upon joining the accelerator, startups will be instructed through a one-week boot camp followed by a month-long training event spearheaded by gurus in the blockchain space.

Image via Shutterstock

Tech Mahindra Developing India’s Blockchain Education with Idealabs Partnership

Tech Mahindra, an Indian multinational IT company, has inked a partnership with Idealabs, an education technology firm, to boost Indian students and aspiring tech professionals with notable blockchain skillsets. Through the strategic collaboration, curated blockchain professional certification courses will be offered made up of live online classes and expert sessions by gurus in the industry.

Knowledgebase expansion

Blockchain technology has emerged to be one of the sort after skillset across distinctive industries. These companies have realized the void in this sector, making them devise ways of presenting high-quality blockchain education for technology students as they start their engineering journey.

According to the announcement, “There is a huge demand for Blockchain talent as the scope for the technology is very wide, touching a variety of sectors like finance, healthcare, manufacturing, education, retail and telecom. Many Indian multinationals and start-ups are strengthening their blockchain practices to meet the requirements of their customers.”

The program will be instrumental in enabling engineering students to pursue a career journey in the blockchain arena as they are equipped with hands-on experience necessitated to scale the heights in this field. For instance, the course is equipped with content from beginner to advanced level. Moreover, it comprises placement opportunities, innovation programs, expert sessions, and industry challenges.

Intertwining education and industry

According to Pankaj Diwan, Idealabs CEO and founder, “Idealabs and Tech Mahindra Co-certification program is testimony of blurring the demarcation between education and industry.”

The launch event was made up of at least 800 attendees, including government officials, senior technology professionals, and academicians.

Rajesh Dhuddu, a blockchain & cybersecurity practice leader at Tech Mahindra, noted, “We believe an ‘industry-academia’ collaboration model will be a key enabler in pursuit of setting a global benchmark in developing cutting-edge blockchain technology solutions and platforms across industries.”

Recently, the United Arab Emirates (UAE) deployed blockchain, robotics, and 3D printing technologies to straighten the coronavirus (COVID) curve.

Image via Shutterstock

Tech Mahindra Leverages IBM Blockchain For New Entertainment Royalties Platform

Indian multinational tech company, Tech Mahindra has announced the launch of a blockchain-based platform aimed at preserving the rights of video content generated by content creators and producers.

Video Piracy in the Media & Entertainment Industry

The media and entertainment (M&E) industry has seen a rise in piracy and embezzlement, as fragmentation is an ongoing issue.

Fragmentation is the phenomenon by which storage space is used improperly, resulting in “wasted space” for storing data. Head of Blockchain and Cybersecurity Practice Leader for Tech Mahindra, Rajesh Dhuddu, addressed this issue when talking about the tech company’s new project. He referenced a survey made by software firm Intertrust, that indicated predictions that by the year 2022, online piracy will result in a $50 billion loss in revenue for entertainment companies.

Tech Mahindra’s New Project

The system, called the Blockchain-Based Contracts and Rights Management System (bCRMS), was developed using IBM’s blockchain platform, which leverages the open-source Hyperledger Fabric enterprise blockchain. Its main focus is on streamline procedures that involve contracts and royalties, as well as copyright infringements.

Blockchain to Solve the Issue of Piracy

With a blockchain-based platform, a recognizable digital fingerprint will be allotted to content, making it traceable. Techniques such as hashing and forensic watermarking will allow the bCRMS platform and M&E firms to track and trace where their content has been shared.

By using a blockchain platform, Tech Mahindra hopes that this will enable firms to limit unauthorized access and illegal redistribution of licensed content.

DLive Uses Blockchain Technology to “Secure the Bag”

Other M&E services, such as DLive, have also turned to the adoption of blockchain technology to secure videos and streams uploaded by content creators. As the platform grows, the users of DLive are rewarded for their contributions. Whether you are a content creator or a viewer, everyone seems to gain from contributing. How DLive operates is that content creators using the platform receive 75% of their profits directly in their coin wallets. The remaining 25% is redistributed into a token pool that is designed to reward BTT Stakeholders, which are essentially the shareholders of the platform.

YouTube or DLive for Content Creation?

Big names in the video streaming industry, such as Youtube, have long been able to reap the financial rewards of content creation without paying the content creator anything but ad revenue. But with blockchain-based streaming on the rise, traditional video streaming platforms, such as YouTube and Twitch, are being given a run for their money, and are now having to seriously reconsider whether or not it is time for them to revamp their ways and create a more equitable system.