LTI to en­able launch of new blockchain based so­lu­tions

OpenSource For You - - Fossbytes -

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.

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