Infosys releases blockchain Finance Apps according to a report by Economics Times of India. The news article stated that the company released the applications on Wednesday.
Infosys on Wednesday announced the launch of three blockchain-powered distributed applications for government services, insurance, and supply chain management domains.
“These comprehensive applications designed as ready-to-subscribe business networks ensure quick deployment, interoperability across disparate systems of value chain stakeholders and a wide variety of use cases involving other digital technologies like IoT, Analytics as well,” it said.
They are equipped with predictive return on investment (ROI) analytics for business investments that can be tailored to meet numerous industry-specific needs, the Bengaluru-headquartered IT services major said in a statement.
Enterprises can capitalize on blockchain’s benefits of trust, immutability, and transparency to develop an inter-organisational conduit for strengthening their core business processes across multiple value chain partners having disparate IT systems, the company added.
Infosys Blockchain addresses blockchain and adjacent technologies including shared ledger, distributed ledger and smart contracts. Infosys provides a host of offerings to help in the adoption, integration and realization of blockchain networks. Infosys also brings its strength in other technology areas to complement or combine with blockchain and help amplify its value.
Infosys supports you at every step of blockchain adoption, from Design Thinking-led assessment that evaluates blockchain solutions from multiple dimensions, rapid prototyping, creation of Proof-of-Concepts and pilot development to complete implementation of blockchain solutions. Our pre-built blockchain platform and solutions help accelerate the realization of your blockchain network.
Infosys’ rich experience across a host of industries and domains coupled with strong integration capabilities helps ease the challenges of process and technology inter-operability across the blockchain network, while addressing important aspects such as security & privacy of shared data, consensus management, data exchange standardization and business process re-alignment across network participants.
ENABLE TRUSTED ECOSYSTEMS
Infosys harnesses the power of blockchain to help you create a network where data is much more accessible and reliable, and transactions among partners on the network are verifiable and traceable, enabling an ecosystem of trust with your suppliers, partners, and customers. Infosys’ industry experience and networks can enable ecosystem connections that help amplify the potential of your network.
Infosys Limited is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. It has its headquarters in Bangalore, Karnataka, India.
Infosys is the second-largest Indian IT company after Tata Consultancy Services by 2017 revenue and 596th largest public company in the world based on revenue. On March 29, 2019, its market capitalisation was $46.52 billion. The credit rating of the company is A− (rating by Standard & Poor’s).
Infosys was established by seven engineers in Pune, Maharashtra, India with an initial capital of $250 in 1981. It was registered as Infosys Consultants Private Limited on 2 July 1981. In 1983, it relocated its office to Bangalore, Karnataka, India.
Name change: The company changed its name to Infosys Technologies Private Limited in April 1992 and to Infosys Technologies Limited when it became a public limited company in June 1992. It was later renamed to Infosys Limited in June 2011.