28 Jun '15, 3pm

Indian IT Firms to Focus on Bitcoin’s Blockchain Technology

Indian IT Firms to Focus on Bitcoin’s Blockchain Technology

Indian IT consulting firms are seeking to implement a blockchain application that could greatly benefit their clients in the financial sectors. The “disruptive technology” is “a game-changer,” said a senior executive at Infosys, who has worked with a team of 20 Infosys employees in Palo Alto and Bengaluru offices to evaluate possible blockchain applications that could help clients. Vishal Sikka, Infosys CEO and head of Infosys’ core banking product Finacle, has hired executives to further explore blockchain technology. A Finacle executive said : “The thing with this (Blockchain) is that we still do not know the full technology impact it can have. More than just knowing the payments, we can get insights in legal documents, or use for even credit-worthiness of parties. All this obviously makes your (core banking) product stand out.” Following the trend, several Indian softwa...

Full article: http://cointelegraph.com/news/114692/indian-it-firms-to-f...

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