LTI to enable launch of new blockchain based solutions

Larsen & Toubro Infotech Ltd (LTI) has joined the Enterprise Ethereum Alliance (EEA). In pursuit of Ethereum-based enterprise technology best practices,

LTI will collaborate with industry leaders. The EEA membership will help it scale its blockchain expertise.

Being an EEA member, LTI will also explore open standards, and open source reference architectures.

LTI is already known to be working with several clients across banking, financial services, insurance, manufacturing, energy, media and the government. It is helping them to monetise the benefits of blockchain through disruptive business models, improved customer experience and significant cost reduction.

Sanjay Jalona, CEO and MD, LTI said, “LTI is an early adopter of blockchain with rich solutions and global clients for payments, supply chain and enterprise integration solutions. We are investing to combine the power of blockchain with other exponential technologies like IoT and cognitive to add speed, transparency and trust to the entire ecosystem. Our membership with EEA will help us scale our blockchain expertise further.”

The company has also built an innovation ecosystem leveraging partnerships with academia, startups and major technology providers. LTI has built several ready-to-deploy solutions in the areas of trade finance, supply chain, travel insurance, and rights and royalty management, among others.

The EEA’s industry-focused, member-driven working groups are each tasked with creating and delivering specific advancements to the development and use of Ethereum-based technologies.