Log In

 

Company Name : WIPRO

Thursday, May 4, 2017 6:15PM IST (12:45PM GMT)

NYSE:WIT(BSE:507685)(NSE:WIPRO)(NYSE:WIT)

Wipro Joins Enterprise Ethereum Alliance as Founding Member to Develop Enterprise-Grade Blockchain Solutions


Bangalore, Karnataka, India

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company has joined the Enterprise Ethereum Alliance (EEA) as a founding member. EEA is a collaboration of enterprises to promote, develop and implement enterprise grade Ethereum-based blockchain applications across industries for specific business use cases.
 
Ethereum is an open-source, blockchain-based distributed computing platform, featuring smart contract functionality. The EEA seeks to augment Ethereum adoption as an enterprise-grade technology, with research and development focused on privacy, confidentiality, scalability and security.
 
Wipro has been actively working on Ethereum to develop enterprise blockchain-based industry solutions and assets on a number of industry use cases. These solutions include Delivery versus Payments (DvP) settlement for securities and capital markets, skip-trace consortia for banking, peer-to-peer (P2P) insurance for the sharing economy, anti-counterfeit solution for supply chain traceability and many more.
 
Jeremy Millar, founder of Enterprise Ethereum said, "The EEA benefits from a diverse, yet enterprise-focused membership base. Wipro brings a global perspective on IT strategy and operations to this alliance. We are very pleased to have Wipro as a member as we launch the Enterprise Ethereum Alliance."
 
“We are excited to be a part of the founding team of the Enterprise Ethereum Alliance and contribute towards key aspects such as security, privacy and scalability as they will be the key determinants in accelerating blockchain adoption within enterprises. Enterprise Ethereum is a great way to fast-track enterprise adoption and Ethereum is one of the fastest growing technology platforms used by our clients for developing and deploying enterprise blockchain,” said Krishnakumar N Menon, Vice President, Service Transformation, Wipro Limited. “Enterprise Ethereum Alliance also fosters collaboration within the emerging community of blockchain developers. We look forward to working actively with the members of this alliance to shape the blockchain adoption by enterprises.”
 
“It’s great to have Wipro as a founding member of the Enterprise Ethereum Alliance. Having organizations like Wipro driving purpose-built solutions and accelerating innovation for businesses, adds significant credibility to the Enterprise Ethereum ecosystem,” said Marley Gray, Principal Blockchain Architect, Microsoft.
 
Wipro’s Blockchain Innovation Lab, which is part of its Blockchain COE (Center of Excellence), fast tracks the provisioning of blockchain environments to build use-case specific blockchain industry solutions. The COE focus is to enable client businesses innovate and to stay in tune with the emerging technology trends in blockchain by conducting proof of technology experiments around areas like scalability, performance and security of blockchain platforms. To enable enterprise level talent development on blockchain technologies like Enterprise Ethereum, Wipro has also created a Blockchain Academy to build in-house competency through a multi-level program.
 
To know more about blockchain at Wipro, click here

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology.” By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 170,000, serving clients across 6 continents. For more information, please visit www.wipro.com


More News from WIPRO

15/09/2017 6:25PM

Wipro and Hewlett Packard Enterprise to Deliver Enterprise Hybrid Cloud Solution Based on HPE ProLiant for Microsoft Azure Stack

Wipro Limited today announced plans to deliver the Wipro BoundaryLess Data Center solution built on HPE ProLiant for Microsoft Azure Stack.

15/09/2017 10:35AM

Wipro selected as a strategic partner for Data Center Services by innogy

Wipro Limited announced that it has been awarded a seven-year contract by innogy SE to manage their data center and cloud services.

14/09/2017 5:55PM

Wipro joins The Linux Foundation, Strengthening Collaboration and Commitment to Open Source Technologies

Wipro Limited today announced that it has joined The Linux Foundation as a Silver Member.

Similar News

21/09/2017 8:08PM

Corporate Social Responsibility Related News Releases and Story Ideas for Reporters, Bloggers and Media Outlets

Following are the latest Corporate Social Responsibility news releases and story ideas available from Business Wire. These recaps, curated by Business Wire, provide reporters and bloggers around the globe instant access ...

No Image

21/09/2017 7:51PM

OT-Morpho Launches with CMBC the First Payment Card Featuring MOTION CODE™ Dynamic CVV2 in China

OT-Morpho, a world leader in digital security and identification technologies, today announced that Chinese bank CMBC’s new Visa Signature credit card is the first one in China to feature MOTION CODETM, a ...

News Summary

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company has joined the Enterprise Ethereum Alliance (EEA) as a founding member.