Tech Mahindra and Adjoint announce industry's first blockchain solution for secure enterprise financial management and insurance

Tech Mahindra and Adjoint announce industry's first blockchain solution for secure enterprise financial management and insurance
Published: 2 September 2019 - 2:20 p.m.

Adjoint and Tech Mahindra have come together to announce the industry's first blockchain solution for secure enterprise financial management and insurance services across locations to create a seamless and reliable customer experience.

With these solutions, customers will be able to save USD4 million for every USD1 billion of financial risk management and banking relationships. The solution is based on Uplink, an open source distributed ledge platform designed to improve efficiency, security and compliance in modern financial processes. It comes with a messaging and consensus protocol mechanism which can let participants in the blockchain ecosystem agree on the data to be put in the blockchain ledger.

The Adjoint solution would enable enterprises to validate the business case with their own data in their own secure environment and help in eliminating out-of-order and double data entry. Subsequently, this would create a seamless and reliable user experience backed by data integrity and quality. Auditors can be given access to an immutable record of all transactions, facilitating reporting and compliance as well.

This collaboration is in line with TechMahindra's TechMNxt charter whose focus is to leverage next generation technologies and solutions like Blockchain. The underlying priority is to enable digital transformation, build and deliver cutting-edge technology solutions and services to address real world problems and meet the customer's constantly changing needs.


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