Blockchain This Week: Tech Mahindra, Amazon To Develop Blockchain Solutions & More

Tech Mahindra recently announced that it will be collaborating with Amazon Web Services (AWS) Blockchain for developing solutions in the aerospace, healthcare and telecom sectors.

Accordingly, Tech Mahindra will be offing three blockchain solutions through the AWS marketplace, which includes aviation and aerospace management tool for tracking and tracing the materials from multi-tier suppliers; healthcare platform for tracing fraudulent medicines and eliminating counterfeit drugs; and a B2C supply chain tracking system for OEMs in telecoms.  

Most of these solutions are addressing the gaps around the supply chain which came to light in the wake of the ongoing Covid-19 crisis. In a recent study ‘Tealbook’s 2020 Supplier Information Study,’ the report cited that more than four in five supply companies were not confident in their supplier data, thereby highlighting the trust deficit that exists among the buyers and sellers across industries. 

Rajesh Dhuddu, global head blockchain at Tech Mahindra said that it becomes crucial for businesses to maintain supply chain continuity in the coming times as global businesses are struggling to sustain in the current Covid world. Further, he urged businesses to leverage blockchain to address the challenges and create a competitive advantage for themselves. 

Previously, Tech Mahindra had also announced the launch of a new blockchain-based contract and rights management system (bCRMS) for global media and entertainment industry on IBM blockchain, to enable production houses and content creators to track revenue, royalty, payments, manage rights and check plagiarism among others. 

Blockchain Graph: 

Global Blockchain In Supply Chain Market 

According to MarketsAndMarkets, the global blockchain supply chain market is expected to reach 3,314.6 Mn by 2023, growing at a compound annual growth rate (CARG) of 87%. The report stated that the increased need for supply chain transparency and rising demand for enhanced security of supply chain transactions will fuel the growth of the industry. 

Blockchain News Of The Week: 

TRAI’s Chief Calls For Inclusive, Open System Using Blockchain 

Telecom Regulatory Authority of India (TRAI) chairman R S Sharma, on September 9, urged India to seize the domestic manufacturing opportunity by playing on the strength of its market and investor-friendly policies. Speaking at the virtual session organised by Broadband India Forum (BIF), an industry think-tank, Sharma shared his vision for localised India by 2025. And emphasised on companies building platforms and protocols which are based on inclusive, open systems using blockchain and new breeds of technology. 

Citing the example of closed system ‘Free Basics’ by Facebook in 2016, on how it weaponised its users, Sharma said that businesses need to develop a completely new platform, and pointed at Aadhaar and UPI, stating that these should be replicated in other sectors as well. 

IIM Kozhikode, WileyNXT Launches Executive Programmes in Blockchain, AI & More 

One of India’s premier business schools IIM Kozhikode, recently announced its partnership with New Delhi based exponential learning platform WileyNXT to launch new executive programs, including advanced management certification in transforming customer experience with AI and design, and advanced management certification in blockchain and AI for fintech and advanced management certification in services and supply chain transformation. 

The duo have designed these courses keeping in mind the rise in technology, data, marketing and supply chain across industries. Also, the programmes will be offering a joint certification from WileyNXT and IIM Kozhikode, along with executive alumni status to the participants. 

Japanese Media Firms Joins Forces To Develop Blockchain-Powered Digital Content Distribution Ecosystem 

Japanese media companies and publishers such as Hakuhodo, The Asahi Shimbun Company, Dentsu, Avex Technologies, and SingulaNet among others, in a press statement, stated that they have joined Japan Contents Blockchain Initiative (JCBI), in a bid to ensure authenticity of video content and copyright protection services for various forms of digital content. With this, the media consortium will develop and co-create new services based on blockchain technology.