Tech Mahindra announced the development of solutions based on Amazon Managed Blockchain, for customers using Amazon Web Services (AWS).
The India Times reports that the Indian IT giant plans to create and deploy a range of blockchain-based solutions over the next 12 to 18 months.
Tech Mahindra is a company of the Indian group Mahindra and is involved in developing IT solutions. The blockchain solutions they are developing will be specifically designed for:
- telecommunications, health care,
- banking and financial services,
- retail sale,
- oil and gas production.
For example, in the aeronautical and aerospace sector, the solution they are developing is used to effectively track and trace “kits” that are purchased from multi-level suppliers.
This will allow manufacturers to gain more visibility on delivery times, while in the healthcare sector, for example, it will be possible to identify non-compliant or counterfeit materials.
Unfortunately, the information provided is too scarce and generic, so it is not easy to understand what these blockchain-based solutions will actually consist of. In addition, the Amazon Managed Blockchain is actually a non-decentralized distributed ledger, so it is not technically definable as a blockchain in the strict sense.
Tech Mahindra on the blockchain before Amazon
Among other things, Tech Mahindra itself has already developed and launched a blockchain-based digital rights and contracts platform for the media and entertainment industry.
In this case, the infrastructure chosen was IBM’s blockchain using the open-source Hyperledger Fabric protocol, and the goal was to help content producers and creators efficiently track revenues, royalty payments and digital rights.
Again, the distributed ledgers used are not completely decentralized, so it’s not really fair to talk about blockchain.
Despite this, the platform is called the Blockchain-based Contracts and Rights Management System (bCRMS), and in particular, it is aimed at combating digital piracy.
In India, as in China, technologies based on blockchain, or distributed and non-decentralized ledgers, seem to be of greater institutional interest than cryptocurrencies. Many people are opposed to crypto, although without them, truly decentralized blockchains could not even exist.
Unfortunately, the consequence is that decentralized blockchains tend to be ignored by large companies, or public bodies, in favour of centralized distributed ledgers whose innovative scope is certainly inferior.