Indian software services company Infosys is working on 50 different blockchain pilots with a number of them in non-financial services.
Also, a local online media named Business Line (thehindubusinessline.com) has recently written about the subject.
Speaking to Business Line, Prasad Joshi, Vice-President and Head, Infosys Center for Emerging Technology Solutions, explained that the software giant has formed blockchain workgroups from each industry.
“Our 500 blockchain specialists and 1,000 consultants form a part of the core group that will take these blockchain technologies to existing and new customers.”, as he said.
According to the article, Infosys` revenue coming from top 5 customers in 2017 fiscal decreased to 14.1 per cent from 15.7 per cent in the 2016 fiscal, showing that the company needs to work on new technologies.
A big part of their 50 pilot projects has been done for non-financial services areas. For example, insurance company AIG and IBM have trialed a “smart contract” multi-national policy for Standard Chartered Bank. The project is using blockchain to facilitate sharing of real-time information for a main policy written in the UK and three local policies in the US, Singapore and Kenya.
“With blockchain, you can get a dashboard in which all parties can look at the information and make decisions accordingly.”, as Joshi commented.
Infosys thinks that there is a huge opportunity to use blockchain in sectors that are beyond financial services. One such project is done for an unnamed US coffee company`s retail supply chain. The service facilitates transactions between the coffee company, the coffee growers and other parties in the supply chain.
Source: http://ftreporter.com/infosys-starts-50-blockchain-pilots/